Sector Regulation Sector Regulation

Luxembourg's BCEE and Bank of Cyprus fined by ECB for regulatory failings

By Fiona Maxwell
  • 11 Mar 2022 17:33
  • 11 Mar 2022 17:37
Two eurozone banks have been fined by the European Central Bank for capital and liquidity failings.

Luxembourg’s Banque et Caisse d’Epargne de l’Etat was issued a fine of 3.75 million euros ($4.1 million) for misreporting capital requirements, and the Bank of Cyprus a fine of 575,000 euros for failing to obtain the central

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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