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SRB statement on EU Court judgments related to the Banco Popular Español resolution

Press releases
|
Wednesday, 01 June 2022
| Susan CARROLL
  • EU Court agrees that SRB decisions on Banco Popular were within the law
  • Action for damages dismissed
  • SRB costs to be paid by applicants 

The Single Resolution Board welcomes today’s judgments of the General Court of the European Union with regard to the Banco Popular resolution.

The General Court has confirmed the legality of the SRB’s decision to resolve Banco Popular Español and the European Commission’s endorsement of that resolution scheme, both of which implement the resolution legal framework. In addition, the action for damages has been dismissed and the applicants have been ordered to pay costs.

“I welcome the decision of the Court today, which vindicated the action the SRB took. We worked in a timely manner and within the law in order to maintain financial stability, while protecting the taxpayer from having to bail out the bank. I am pleased the Court agrees with the SRB’s position on our resolution decision,” – SRB Chair Elke König.

 

Banco Popular resolution

Case
All information related to the Banco Popular resolution case.

Contact our communications team

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Spokesperson & Communications Team Leader
Name
Susan Carroll
Email
Susan.Carroll [a] srb.europa.eu
Phone:
+ 32 2 490 3439
Mobile:
+32 470 96 48 01
Seán De Búrca
Speechwriter & Communications Expert
Name
Seán De Búrca
Email
Sean.de-Burca [a] srb.europa.eu
Phone:
+32 2 490 3710
Mobile:
+32 477 02 87 10
Camille De Rede
Communications Expert
Name
Camille De Rede
Email
Camille.de-Rede [a] srb.europa.eu
Phone:
+32 2 490 3530
Mobile:
+32 477 028 530

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