A central bank of a euro area country can be held liable for compensating holders of financial instruments that it has itself removed as part of a bank resolution process, the Court of Justice of the European Union ruled on Tuesday 13 September (Case C-45/21).
Banka Slovenije is of the opinion that the Slovenian ZPSVIKOB legislation, which specifies the rules for providing legal protection to former holders of financial securities removed by the central bank in the resolution of an...