Press Release
The SRB will not take resolution action in relation to Banca Popolare di Vicenza and Veneto Banca
Press releases
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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 the banks...