ARTICLE
17 October 2014

EBA Investigates Potential Breach Of EU Law In Bulgaria

SS
Shearman & Sterling LLP

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On September 25, 2014, the EBA announced that it had begun an investigation into an alleged breach of European Union law by national regulators in the Republic of Bulgaria.
European Union Finance and Banking

On September 25, 2014, the EBA announced that it had begun an investigation into an alleged breach of European Union law by national regulators in the Republic of Bulgaria. It is alleged that the regulators may have breached requirements under the Deposit Guarantee Scheme Directive that depositors should be compensated no later than 25 working days after the unavailability of deposits.

The EBA's announcement is available at: http://www.eba.europa.eu/-/eba-investigates-possible-breach-of-eu-law-in-bulgaria.

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