Examples of Banking Law in a sentence
The Warrant Holders are qualified as senior preferred creditors under article 389/1, 1° of the Banking Law, and such creditors have a higher priority ranking than the so-called senior non-preferred creditors defined under article 389/1, 2° of the Banking Law.
The applicability of the resolution tools and measures to credit institutions that are part of a cross-border group are regulated by the Belgian Royal Decree of 26 December 2015 amending the Banking Law, which entered into force on 1 January 2016.
As required by the Banking Law and the Governance Manual, KBC Group NV has drafted a Group Internal Governance Memorandum (the “Governance Memorandum”), which sets out the corporate governance policy applying to the KBC Group and of which the governance memorandum of the Issuers forms part.
In accordance with the Banking Law there is a fundamental distinction between the management of banking activities, which is within the competence of the Executive Committee, and the supervision of management and the definition of the credit institution’s general and risk policy, which is entrusted to the Board of Directors.
The Banking Law requires credit institutions to provide detailed periodic financial information to the ECB and, under certain circumstances, the FSMA.