BNP Paribas unit seeks refund for bank-resolution fees in EU General Court
( December 20, 2021, 09:40 GMT | Official Statement) -- MLex Summary: BNP Paribas Public Sector should be reimbursed for the cash collateral it made for payment commitments to the Single Resolution Board, the bank's lawyers have told the EU General Court. The EU agency had confused collateral with cash contributions and ignored precepts under which institutions that leave the scope of EU banking law should be refunded, the bank has argued....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.