Brussels, 02/04/2015 (Agence Europe) -German regional bank Landeskreditbank Bade-Württemberg (L-Bank) lodged an appeal at the European General Court in mid-March for annulment of legislation requiring it to be directly supervised by the ECB.
The bank highlights the extra costs and administrative burden caused by the transfer of surveillance from Germany to European level, reported the Wall Street Journal on Thursday 2 April. Arguing that its commercial model is simple, L-Bank says that...