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Valentina R., lawyer
(Case T-146/18) (*)
(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 399/37)
Language of the case: French
Applicants: BPCE (Paris, France) and the 36 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)
Application based on Article 263 TFEU for partial annulment, first, of ECB Decision ECB/SSM/2017-9695005MSX1OYEMGDF46/338 of 19 December 2017, and, second, of ECB Decision ECB-SSM-2019-FRBPC-22 of 14 February 2019.
The Court:
1.Annuls paragraph 4 of Decision ECB/SSM/2017-9695005MSX1OYEMGDF46/338 of the European Central Bank (ECB) of 19 December 2017 and paragraphs 3.4 to 3.7 of Decision ECB-SSM-2019-FRBPC 22 of the ECB of 14 February 2019;
2.Orders the ECB to pay the costs.
(*) Language of the case: French.