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ARTICLE · 07 JULY 2014

ECB Administrative Board Of Review Formally Established

A&O Shearman
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A Decision of the ECB on the establishment of an administrative board of review and its operating rules was published in the Official Journal of the European Union.

European UnionFinance and Banking

On 14 June 2014, a Decision of the ECB on the establishment of an administrative board of review and its operating rules was published in the Official Journal of the European Union. The administrative board of review will review decisions taken by the ECB under the Single Supervisory Mechanism on the prudential supervision of Eurozone banks. Such reviews will be undertaken on request by a bank affected by any such decision.

The Decision is available at: http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2014_175_R_0017&from=EN.

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