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Europe Daily Bulletin No. 12008

25 April 2018
Contents Publication in full By article 26 / 35
COURT OF JUSTICE OF THE EU / Banks
Merging positions of executive director of a bank and chairman of its board of directors is illegal, says General Court
Brussels, 24/04/2018 (Agence Europe)

The legislation of the European Union prohibits the same person from holding the positions of chairman of the board of directors and of "executive director" of a bank, the General Court of the EU ruled in a judgment returned on Tuesday 24 April (joined cases T-133 to 136/16).

Four regional branches of Crédit Agricole, a French banking group subject to the prudential supervision of the ECB within banking union in the Eurozone, wished to appoint the same person to the positions of chairman of...

Contents

SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
EXTERNAL ACTION
SOCIAL AFFAIRS
COURT OF JUSTICE OF THE EU
COUNCIL OF EUROPE
NEWS BRIEFS