Amendment of Bank of Greece regulation on credit and financial institutions’ special liquidation

On March 17th, 2017, the Credit and Insurance Committee annexed a second appendix to the regulation on credit and financial institutions’ special liquidation, which states the tasks assigned to the special liquidator in case of resolution of a credit institution or depositor payout by TEKE.

All tasks in the appendix are included in law 4370/2016 on deposit guarantee schemes (transposition of Directive 2014/49/EU), TEKE and other provisions. Appendix II is aimed solely at assisting the effective and timely application of the provisions of law 4370/2016.