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Banca Popolare di Vicenza and Veneto Banca

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Press Release
The SRB will not take resolution action in relation to Banca Popolare di Vicenza and Veneto Banca
Press releases | 12 December 2017

 

Brussels – 23 June 2017

Following today’s decision taken by the European Central Bank to declare Banca Popolare di Vicenza S.p.A. and Veneto Banca S.p.A. as ‘failing or likely to fail’, the Single Resolution Board has decided that resolution action by the SRB is not warranted for these banks. As a consequence, the winding up of the banks will take place under national proceedings launched by the Italian authorities.  

The SRB concurred with the ECB’s assessment and concluded that there are no alternative supervisory or private sector measures which could prevent the failure of...

Decision documents

Directives and regulations related to this decision

On 23 June 2017, following the decision taken by the European Central Bank to declare Banca Popolare di Vicenza S.p.A. and Veneto Banca S.p.A. ‘failing or likely to fail’, the Single Resolution Board decided that resolution action is not warranted for these banks. As a consequence, the winding up of the banks will take place under national proceedings launched by the Italian authorities