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Case T-494/20: Order of the General Court of 8 November 2021 — Satabank v ECB (Economic and monetary policy — Prudential supervision of less significant credit institutions — Regulation (EU) No 1024/2013 — Specific tasks of the ECB — Refusal to carry out direct prudential supervision — Refusal to give instructions to the Competent Person — Action manifestly lacking any foundation in law)
ECLI:EU:UNKNOWN:62020TB0494
62020TB0494
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Official Journal of the European Union
C 37/32
(Case T-494/20) (<span class="oj-super oj-note-tag">1</span>)
(Economic and monetary policy - Prudential supervision of less significant credit institutions - Regulation (EU) No 1024/2013 - Specific tasks of the ECB - Refusal to carry out direct prudential supervision - Refusal to give instructions to the Competent Person - Action manifestly lacking any foundation in law)
(2022/C 37/43)
Language of the case: English
Parties
Applicant: Satabank plc (St Julians, Malta) (represented by: O. Behrends, lawyer)
Defendant: European Central Bank (ECB) (represented by: C. Hernández Saseta, F. Bonnard and A. Lefterov, acting as Agents)
Re:
Action pursuant to Article 263 TFEU seeking annulment of the ECB’s decision of 15 May 2020 refusing to ensure direct supervision of the applicant and to give instructions to the Competent Person concerning it.
Operative part of the order
1.The action is dismissed.
2.Satabank plc shall pay, in addition to its own costs, those incurred by the European Central Bank (ECB).
Language of the case: English.
(1) OJ C 371, 3.11.2020.