European Union – ECB Fines PTSB for Liquidity

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.