EBA: Possible breach of EU law in Bulgaria

EBA has opened an investigation into an alleged breach of EU law by competent authorities in the Republic of Bulgaria., which will look into whether measures taken in the conservatorship of Bulgarian bank Corporate Commercial Bank AD (KTB) constitute a possible breach of the requirements in the Deposit Guarantee Scheme Directive , according to which depositors should be compensated no later than 25 working days after the unavailability of deposits.