Bank recovery and resolution: European Commission approves resolution schemes for the Croatian and the Slovenian subsidiaries of Sberbank Europe AG

The European Commission (EC) is the executive branch of the European Union, responsible for proposing legislation, enforcing EU laws and directing the union's administrative operations. Commissioners swear an oath at the European Court of Justice in Luxembourg City, pledging to respect the treaties and to be completely independent in carrying out their duties during their mandate. (Wikipedia)