03/07/2024 (Agence Europe) – In a judgment handed down on Wednesday 3 July (case T-406/22), the General Court of the European Union ruled that the calculation made by the ‘Single Resolution Board’ (SRB) regarding the ex ante contribution to the ‘Single Resolution Fund’ (SRF) for 2022 in respect of the Austrian bank Volkskreditbank was unlawful. As found in several previous cases (T-411/22 - see EUROPE B13388A33 and T-395/22 - see EUROPE B13149A23), the SRB failed to comply with...