Diritto ed Economia dell'ImpresaISSN 2499-3158
G. Giappichelli Editore

15/11/2022 - Financial instruments for recovery

argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: Monetary policy - central bank - liability

On 13 September 2022, the E.U. Court with sentence C-45/21, ruling on a Slovenian case, explaining the interweaving between monetary policy obligations and the rules of bank resolutions in the Eurozone, specified the limits that must be placed on the responsibility of a central bank for damages suffered by holders of financial instruments suppressed in application of recovery measures. Has therefore stated that the indemnifiability of the consequences suffered by the former owners cannot compromise the purpose of the reservations envisaged by E.U. law.