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The New Penalty System for Banks According to CRD IV: An Italian View Within the Framework of the EU Single Supervisory Mechanism

May 07, 2014

By PATRIZIO BRACCIONI

The EU Capital Requirement Directive has introduced a new administrative penalty system for banks who violate regulatory rules. The Directive will need to be enacted in all EU member States, and Italy has drafted legislation which is still lying in Parliament. The list of penalties is long and detailed and will also affect non-EU banks with operations in the European Union.