ECB Fines Banca Popolare di Vicenza for Regulatory Breaches

     PARIS (MNI) - The European Central Bank said Friday it had imposed

penalties of E11.2 million on the failed Banca Popolare di Vicenza for breaching

regulatory requirements. 

     Banca Popolare di Vicenza is currently in compulsory administrative

liquidation after the ECB decided in June it was failing. 

     The central bank said a penalty of E8.7 million was imposed for breaches of

quarterly reporting and annual  public disclosure requirements. An additional

E2.5 million fine was imposed for a breach of the large exposures limit, the ECB

said.

--MNI Paris Bureau; tel: +33 1-42-71-55-41; email: jack.duffy@marketnews.com

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