The Austrian Constitutional Court ruled that the Republic of Austria is not liable for damages suffered by customers of an insolvent bank even if these damages were caused by poor supervision by an authority. Around 30 customers of Commerzialbank Mattersburg had filed for damages against the federal government. However, the relevant provision of the law is constitutional. The regulation and supervision of banks are aimed at protecting the functioning of the financial market, not individual investors. (Constitutional Court of 16.12.2021, file G 224/2021 et al.)