On 28 August, ECB fined PTSB €2.5mn for breach of liquidity rules.
- Permanent tsb Group Holdings plc breached ECB decisions on specific liquidity.
- ECB stated that this is the first enforcement action for breach of liquidity rule.
Alleged Violation
- Fined €750k and €1.75mn for liquidity breach between October 2015 to April 2016.
- Noted breach did not change PTSB liquidity position and issue fully remediated.
