EU could take legal action against Slovene central bank law


The European Commission could take legal action to overturn a Slovene law on the country’s central bank, a source close to the matter tells Central Banking.

Slovenia’s parliament passed the law on November 22, making the central bank liable for reimbursing bailed-in bank shareholders and bondholders. This was despite a previous warning from the European Central Bank (ECB) that the proposed measure was likely to break European Union law.  

The Bank of Slovenia issued a statement on November 22

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