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Banking regulation in Greece: licensing, supervision, capital/MREL, resolution and deposit protection, consumer/AML, fintech, and M&A/change-of-control Q&A guide

Practice notes
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This Practice Note presents a jurisdiction-specific Q&A on banking regulation in Greece, released as part of the Lexology Getting the Deal Through series by Law Business Research (law stated at: 7 February 2023). Authors: Zepos & Yannopoulos—Elena Papachristou; Vivian Efthymiou

1. What are the principal governmental and regulatory policies that govern the banking sector?

EU banking rules and principles have been transposed into Greece’s core banking framework, intended to:

  • protect the stability of the financial system and, to that purpose, lay down rules on:
    • authorisation;
    • conduct of business;
    • withdrawal of authorisation of banks;
    • micro- and macroprudential supervision of banks;
    • recovery and resolution of banks; and
    • state aid of banks for their recapitalisation and deposit guarantee provisions;
  • deliver adequate protection for banks’ customers and ensure transparency of transactions.

The Bank of Greece (BoG), the country’s central bank, exercises prudential powers in the sector and, in particular, oversees Greek banks alongside the European Central Bank (ECB) pursuant to Council Regulation (EU) No. 1024/2013 on the Single Supervisory Mechanism (SSM) and the corresponding Regulation (EU) No...

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Web page updated on 27/05/2026

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