The affair of the Latvian bank ABLV is still making waves on the European banking scene. On Monday 7 May, the bank announced that it had filed several applications with the Court of Justice of the European Union for the decisions of the European Central Bank (ECB) and Single Resolution Board (SRB) that led to its failure to be re-examined.
Readers may recall that Latvia’s third-largest bank, hit by accusations of money laundering, saw its payments frozen (see EUROPE 11964) on 19 February...