This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

EU Commission starts in-depth probe into support to Latvian banks Reverta and Citadele

( April 16, 2014, 09:45 GMT | Official Statement) -- MLex Summary: The European Commission has started an in-depth probe into additional restructuring support granted to Latvian banks Reverta (formerly Parex banka) and Citadele banka. The commission is concerned that the new support, previously not notified in the context of the banks’ restructuring, could breach EU state-aid rules, and it doubts that Latvia’s implementation of the already-approved restructuring plan is in line with given commitments. The two banks are the result of a split of Parex into a “good bank,” continuing customer operations, and a “bad bank,” holding risky assets.EUROPEAN COMMISSION...

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.

Start Free Trial

Already a subscriber? Click here to login

Related Sections