On Wednesday, 8 July, the General Court of the European Union delivered its first four judgments on decisions in which the European Central Bank (ECB), acting as the single supervisor within the euro-area Banking Union, imposes pecuniary penalties on banking institutions.
Case T-203/18. The General Court confirmed the fine of €1.6 million imposed on VQ for a negligent infringement consisting of repurchasing its own shares without the prior permission of the competent authority, in...