German lenders have filed a lawsuit against the country's financial regulator, seeking repayment of a €2.3 billion bank levy imposed in 2017. The lenders argue that the regulator failed to properly consult with them before implementing the levy, which was meant to shore up the country's banking system following the global financial crisis.

The suit has sparked controversy, with some arguing that the regulator should be held accountable for its actions, while others claim that the lenders are simply trying to avoid their share of the financial burden. The outcome of the lawsuit remains uncertain, but it highlights the ongoing tensions between Germany's financial institutions and regulatory bodies.

Source: https://www.bloomberg.com/news/articles/2024-10-29/german-lenders-sue-to-make-regulator-pay-back-2-3-billion-bank-levy