European Union:
EBA Investigates Potential Breach Of EU Law In Bulgaria
17 October 2014
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. 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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