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Case T-189/22: Judgment of the General Court of 5 June 2024 – Confédération nationale du Crédit mutuel and Others v ECB (Economic and monetary policy – Supervision of credit institutions – Specific supervisory tasks conferred on the ECB – Setting of prudential requirements – Irrevocable payment commitments – Force of res judicata – Misuse of powers – Manifest error of assessment – Principle of sound administration – Proportionality)
ECLI:EU:UNKNOWN:62022TA0189
62022TA0189
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Official Journal of the European Union
C series
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C/2024/4465
(Case T-189/22)
(Economic and monetary policy - Supervision of credit institutions - Specific supervisory tasks conferred on the ECB - Setting of prudential requirements - Irrevocable payment commitments - Force of res judicata - Misuse of powers - Manifest error of assessment - Principle of sound administration - Proportionality)
(C/2024/4465)
Language of the case: French
Parties
Applicants: Confédération nationale du Crédit mutuel (Paris, France) and the 37 other applicants whose names are listed in the annex to the judgment (represented by: A. Gosset-Grainville and M. Trabucchi, lawyers)
Defendant: European Central Bank (represented by: K. Lackhoff, D. Segoin and F. Bonnard, acting as Agents)
Re:
By their action based on Article 263 TFEU, the applicants seek annulment, first, of point 1.4 and points 3.4.1 to 3.4.8 of Decision ECB-SSM-2022-FRCMU-6 of the European Central Bank (ECB) of 2 February 2022, including the annexes thereto, in so far as it prescribes measures to be taken in relation to the irrevocable payment commitments (‘the IPCs’) concerning deposit guarantee schemes or resolution funds, and, second, of point 1.4 and points 3.4.1 to 3.4.8 of Decision ECB-SSM-2022-FRCMU-75 of the ECB of 21 December 2022, including the annexes thereto, in so far as it prescribes measures to be taken in relation to ICPs concerning deposit guarantee schemes or resolution funds.
Operative part of the judgment
The Court:
1.Dismisses the action;
2.Orders the Confédération nationale du Crédit mutuel and the other applicants whose names are listed in the annex to pay the costs.
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Language of the case: French.
ELI: http://data.europa.eu/eli/C/2024/4465/oj
ISSN 1977-091X (electronic edition)
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