ESA Joint Board of Appeal dismisses appeal against EBA

The Joint Board of Appeal of the ESAs ruled inadmissible an appeal against the EBA concerning a bank account closure complaint handled by FIN-FSA.

The ESA Joint Board of Appeal confirmed that individual complaints on national competent authority conduct fall outside its admissibility scope. The ruling clarifies the limits of ESA-level redress for account closure disputes, reinforcing that primary supervisory responsibility rests with national authorities.

Clarifies jurisdictional limits on ESA appeals, relevant to firms managing account closure disputes and AML de-risking complaints.

Reinforces procedural precedent on ESA appeal admissibility relevant to firms facing NCA-level disputes on de-risking.

“The Joint Board of Appeal of the ESAs issued a decision stating an appeal against the EBA is inadmissible. The appeal concerned an EBA response to a complaint regarding closure of a bank account by a credit institution and handling by the Finnish FIN-FSA.”