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EBS

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2021

    ECB fines AIB and EBS for capital calculation errors

    Fine or penalty

    The European Central Bank fined AIB and its subsidiary EBS a total of €615,000 for miscalculating capital needs. The ECB said the errors occurred between 2014 and 2016 and classified the breaches as moderately severe. AIB said it had restored compliance, strengthened controls, and would not appeal.

    Company response

    • Remediation — AIB Group

      We have since strengthened our controls to prevent any recurrence.

    Source excerpt

    • The ECB said it classified the breaches as moderately severe.
    • We have since strengthened our controls to prevent any recurrence.
    • The European Central Bank (ECB) has fined AIB and its subsidiary EBS a total of €615,000 for miscalculating their capital needs.
    Source