The MAXIMUM fines the Central Bank can impose personally on a bank CEO for non-compliance by the bank with financial services regulations is:

• A. €0.5 million.
• B. €1 million.
• C. €2 million.
• D. €5 million.

Answer: (B)

The situation tests how regulators can hold top executives personally accountable for a bank’s non-compliance with financial services rules, and that there is a fixed ceiling on those personal penalties. The Central Bank has the authority to fine individual senior managers, like a bank CEO, for breaches tied to the bank’s conduct. That personal penalty is capped, and the maximum allowed is €1 million. This ceiling ensures penalties are significant enough to deter misconduct but bounded by the statute. So amounts below the cap, like €0.5 million, are within the limit, while higher figures such as €2 million or €5 million exceed what the law allows for a single personal fine.