Events listed in Single Supervisory Mechanism Regulation (SSM-R)
ECB sanctions Landesbank Hessen-Thüringen Girozentrale for misreporting capital ...
ID 21839
The European Central Bank (ECB) has imposed an administrative penalty of €6.825 million (€6,825,000) on Landesbank Hessen-Thüringen Girozentrale (Helaba) after the bank reported wrongly calculated risk-weighted assets for market risk. Underestimating risk-weighted assets means a bank does not calculate its capital needs properly and reports a higher Common Equity Tier 1 (CET1) ratio than it should have done, which is a key indicator of ...