Luxembourg, 13/10/2004 (Agence Europe) - No directive on banking law allows individuals to hold a monitoring body or Member State responsible in case of shortcomings in the bank monitoring, as their compensation is taken care of by the European directive on systems of deposit guarantees, states a Court press release in the "Paul" case.
Peter Paul and other savers opened term deposit accounts with the German bank BVH, which filed for bankruptcy in 1997, whereupon the Bundesaufsichtsamt für...