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Case T-144/18: Judgment of the General Court of 9 September 2020 — Crédit agricole and Others v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Contribution to the deposit guarantee system or to the single resolution fund by means of irrevocable payment commitments — Tasks entrusted to the ECB — Specific supervision powers of the ECB — Article 4(1)(f) and Article 16(1)(c) and (2)(d) of Regulation (EU) No 1024/2013 — Measure requiring the deduction of the cumulative amount of irrevocable payment commitments outstanding from Tier 1 capital — Absence of individual examination)
ECLI:EU:UNKNOWN:62018TA0144
62018TA0144
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23.11.2020
Official Journal of the European Union
C 399/25
(Case T-144/18) (<span class="oj-super oj-note-tag">1</span>)
(Economic and monetary policy - Prudential supervision of credit institutions - Contribution to the deposit guarantee system or to the single resolution fund by means of irrevocable payment commitments - Tasks entrusted to the ECB - Specific supervision powers of the ECB - Article 4(1)(f) and Article 16(1)(c) and (2)(d) of Regulation (EU) No 1024/2013 - Measure requiring the deduction of the cumulative amount of irrevocable payment commitments outstanding from Tier 1 capital - Absence of individual examination)
(2020/C 399/35)
Language of the case: French
Parties
Applicants: Crédit agricole SA (Montrouge, France) and the 69 other applicants whose names are listed in the annex to the judgment (represented by: A. Gosset-Grainville, M. Trabucchi and M. Dalon, lawyers)
Defendant: European Central Bank (represented by: E. Koupepidou, R. Bax and F. Bonnard, acting as Agents)
Re:
Application based on Article 263 TFEU for partial annulment, first, of ECB Decision ECB/SSM/2017-969500TJ5KRTCJQWXH05/380 of 19 December 2017, and, second, of ECB Decision ECB-SSM-2019-FRCAG-17 of 14 February 2019.
Operative part of the judgment
The Court:
1.Annuls paragraph 9 of Decision ECB/SSM/2017-969500TJ5KRTCJQWXH05/380 of the European Central Bank (ECB) of 19 December 2017 and Article 3 of Annex A thereto as well as paragraph 9 of Decision ECB-SSM-2019-FRCAG-17 of the ECB of 14 February 2019 and Article 3 of the annex thereto;
2.Orders the ECB to pay the costs.
(<span class="oj-super">1</span>) OJ C 161, 7.5.2018.
Language of the case: French
ECLI:EU:C:2020:140