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European Commission withdraws banking case against Poland

PR dla Zagranicy
Paweł Kononczuk 18.05.2017 09:15
The European Commission has said it has decided to withdraw a case against Warsaw from the Court of Justice of the EU over failure to transpose banking rules into Polish law.
Photo: image4you/pixabay.com/CC0 Creative Commons
Photo: image4you/pixabay.com/CC0 Creative Commons

European Commission spokeswoman Vanessa Mock told reporters the decision was taken after Poland implemented the EU’s Bank Recovery and Resolution directive (BRRD).

The directive was put in place to create a safer financial sector in the wake of the international financial crisis.

Apart from Poland, the European Commission in 2015 took the Czech Republic, Luxembourg, the Netherlands, Romania and Sweden to the Court of Justice.

The deadline for transposing the EU banking rules into national law was December 2014.


Source: PAP

tags: banks, EU
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