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Case T-751/16: Judgment of the General Court of 13 July 2018 — BNP Paribas v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Article 4(1)(d) and (3) of Regulation (EU) No 1024/2013 — Calculation of the leverage ratio — Refusal of the ECB to grant authorisation to the applicant to exclude exposures meeting certain conditions from the calculation of the leverage ratio — Article 429(14) of Regulation (EU) No 575/2013 — Discretion of the ECB — Errors of law — Manifest error of assessment)
ECLI:EU:UNKNOWN:62016TA0751
62016TA0751
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Official Journal of the European Union
C 352/31
(Case T-751/16) (*)
((Economic and monetary policy - Prudential supervision of credit institutions - Article 4(1)(d) and (3) of Regulation (EU) No 1024/2013 - Calculation of the leverage ratio - Refusal of the ECB to grant authorisation to the applicant to exclude exposures meeting certain conditions from the calculation of the leverage ratio - Article 429(14) of Regulation (EU) No 575/2013 - Discretion of the ECB - Errors of law - Manifest error of assessment))
(2018/C 352/36)
Language of the case: French
Parties
Applicant: Confédération nationale du Crédit mutuel (Paris, France) (represented by: M. Grégoire and C. De Jonghe, lawyers)
Defendant: European Central Bank (represented by: K. Lackhoff, R. Bax, G. Bassani and C. Olivier, acting as Agents, and H.-G. Kamann and F. Louis, lawyers)
Intervener in support of the defendant: Republic of Finland (represented by: S. Hartikainen, acting as Agent)
Re:
Application on the basis of Article 263 TFEU seeking the annulment of European Central Bank Decision ECB/SSM/2016-9695000CG7B84NLR5984/92 of 24 August 2016, taken pursuant to Article 4(1)(d) and Article 10 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), and Article 429(14) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on the prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ 2013 L 176, p. 1, corrigenda OJ 2013 L 208, p. 68 and OJ 2013 L 321, p. 6).
Operative part of the judgment
The Court:
1.Annuls European Central Bank (ECB) Decision ECB/SSM/2016-9695000CG7B84NLR5984/92 of 24 August 2016;
2.Orders the ECB to pay the costs;
3.Orders the Republic of Finland to bear its own costs.
(*) Language of the case: French.
ECLI:EU:C:2018:352
* * *