(Source: Court of Justice of the European Union)
Banco Popular Español, SA (‘Banco Popular’) was a Spanish credit institution under direct prudential supervision by the European Central Bank (ECB). On 7 June 2017, the Single Resolution Board (SRB) adopted a decision concerning a resolution scheme in respect of Banco Popular (‘the resolution scheme’). On the same day, the European Commission adopted Decision 2017/1246 2 endorsing that scheme.