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Valentina R., lawyer
(Case T-122/15) (<span class="super note-tag">1</span>)
((Economic and monetary policy - Prudential supervision of credit institutions - Article 6(4) of Regulation (EU) No 1024/2013 - Article 70(1) of Regulation (EU) No 468/2014 - Single supervisory mechanism - Competences of the ECB - Decentralised exercise by the national authorities - Assessment of the size of a credit institution - Need for direct supervision by the ECB))
(2017/C 213/34)
Language of the case: German
Applicant: Landeskreditbank Baden-Württemberg — Förderbank (Karlsruhe, Germany) (represented by: initially by A. Glos, K. Lackhoff and M. Benzing, and subsequently by A. Glos and M. Benzing, lawyers)
Defendant: European Central Bank (ECB) (represented by: E. Koupepidou, R. Bax and A. Riso, and subsequently by E. Koupepidou and R. Bax, acting as Agents, assisted by H.-G. Kamann, lawyer)
Intervener in support of the defendant: European Commission (represented by W. Mölls and K.-P. Wojcik, acting as Agents)
Action pursuant to Article 263 TFEU for annulment of Decision ECB/SSM/15/1 of the ECB of 5 January 2015, taken pursuant to Article 6(4) and Article 24(7) of Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (OJ 2013 L 287, p. 63), by which the ECB refused to recognise the applicant as a less significant entity within the meaning of Article 6(4) of that regulation.
The Court:
1.Dismisses the action.
2.Orders the Landeskreditbank Baden-Württemberg — Förderbank to bear its own costs and to pay those incurred by the European Central Bank.
3.Orders the European Commission to bear its own costs.
(<span class="note"> <a id="ntr1-C_2017213EN.01002601-E0001" href="#ntc1-C_2017213EN.01002601-E0001">*1</a> </span>) OJ C 178, 1.6.2015.