ECB strongly criticises Slovenian draft law on central bank
Proposals would put legal burden of proof in banking crisis cases on central bank, ECB says
The European Central Bank has criticised the Slovenian finance ministry’s second attempt to draft a law retrospectively regulating the way the country’s central bank responded to a major banking crisis.
The ECB said the new draft law would effectively put the legal burden on Bank of Slovenia to prove in court that it had acted legally in “bailing in” shareholders and creditors during a banking crisis. It criticised several other aspects of the second draft law, including the handling of
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Governance
RBA appoints six new board members as part of reforms
Two join rate-setting team while others enter newly established governance board
Nandalal Weerasinghe on Sri Lanka’s IMF programme, central bank reforms and road to recovery
CBSL chief returned from retirement to secure structural reforms, recapitalisation and financial resilience
Australian parliament passes bill to reform RBA
Bank’s board to be split into two groups covering monetary policy and governance
PM ‘overruled MNB building’s heritage status’ – whistleblower
Governors’ meeting prompted expedited approval for panorama deck on listed site, says former official
Moldova to switch reference currency to euro
Change reflects “economic realities” as country moves closer to EU
The monetary base and seigniorage in a digital era
Emerging markets and low-income countries may have to lower their expectations of seigniorage revenue
Fed makes post-presidential election rate cut
Chair Powell stresses Trump’s election will have no effect on near-term policy; has no plans to resign
Thailand delays selection of central bank chair
Decision follows warning against political interference from four former governors