Edition:
United Kingdom

Idea Bank Says KNF Opens Administrative Proceedings Against Co


Friday, 16 Aug 2019 

Aug 16 (Reuters) - Idea Bank SA ::SAYS POLISH FINANCIAL REGULATOR KNF INITIATES ADMINISTRATIVE PROCEEDINGS AGAINST THE CO.SAYS PROCEEDINGS ARE DUE TO CO'S FAILURE TO MEET MINIMUM CAPITAL REQUIREMENTS.SUBJECT OF PROCEEDINGS IS TO ASSESS WHETHER POSSIBLE USE OF SUPERVISORY MEASURES OF LIMITING CO'S SCOPE OF ACTIVITIES MAY REDUCE RISK OF CONDUCTED OPERATIONS AND SUPPORT CO'S CORRECTIVE ACTIONS.