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Document 62021TA0647

Joined Cases T-647/21 and T-99/22: Judgment of the General Court of 28 February 2024 – Sber v ECB

OJ C, C/2024/2608, 22.4.2024, ELI: http://data.europa.eu/eli/C/2024/2608/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

ELI: http://data.europa.eu/eli/C/2024/2608/oj

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Official Journal
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C series


C/2024/2608

22.4.2024

Judgment of the General Court of 28 February 2024 – Sber v ECB

(Joined Cases T-647/21 and T-99/22)  (1)

(Economic and monetary policy - Prudential supervision of credit institutions - Second subparagraph of Article 9(1) of Regulation (EU) No 1024/2013 - Application by the ECB of absorption interest pursuant to Austrian law where Article 395 of Regulation (EU) No 575/2013 has been infringed and following a decision imposing an administrative pecuniary penalty under Article 18 of Regulation No 1024/2013 - Proportionality)

(C/2024/2608)

Language of the case: English

Parties

Applicant: Sber Vermögensverwaltungs AG, formerly Sberbank Europe AG (Vienna, Austria) (represented by: M. Fellner, lawyer)

Defendant: European Central Bank (represented by: K. Lackhoff, J. Poscia and M. Ioannidis, acting as Agents)

Intervener in support of the defendant: Republic of Austria (represented by: J. Schmoll, F. Koppensteiner and A. Posch, acting as Agents)

Re:

By its actions under Article 263 TFEU, the applicant seeks to have set aside, respectively, decisions ECB-SSM-2021-ATSBE-7 of 2 August 2021 and ECB-SSM-2021-ATSBE-12 of 21 December 2021 of the European Central Bank (ECB). Those two decisions were taken pursuant to Article 4(1)(d) and (3) and Article 9(1) of Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the ECB concerning policies relating to the prudential supervision of credit institutions (OJ 2013 L 287, p. 63), read in conjunction with Article 395(1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ 2013 L 176, p. 1, and corrigenda OJ 2013 L 208, p. 68, and OJ 2013 L 321, p. 6), and point 2 of Paragraph 97(1) of the Bundesgesetz über das Bankwesen (Bankwesengesetz) (Law on the banking sector) of 30 July 1993 (BGBl. 532/1993), as amended by the Bundesgesetz, mit dem das Bankwesengesetz, das Börsegesetz 2018, das Finalitätsgesetz, das Finanzmarkt-Geldwäsche-Gesetz, das Sanierungs- und Abwicklungsgesetz, das Wertpapieraufsichtsgesetz 2018 und das Zentrale Gegenparteien-Vollzugsgesetz geändert werden (Federal Law amending the Law on banking activities, the Law on stock exchanges 2018, the Law on settlement finality, the Law on money-laundering on financial markets, the Law on recovery and resolution, the Law on the securities supervision 2018 and the Law on the enforcement of central counterparties) of 28 May 2021 (BGBl. I, 98/2021).

Operative part of the judgment

The Court:

1.

Joins Cases T-647/21 and T-99/22 for the purposes of the judgment;

2.

Declares that there is no longer any need to adjudicate on the action in Case T-647/21;

3.

Annuls, in Case T-99/22, decision ECB-SSM-2021-ATSBE-12 of 21 December 2021 of the European Central Bank (ECB);

4.

Orders the ECB to bear its own costs and to pay those incurred by Sber Vermögensverwaltungs AG;

5.

Orders the Republic of Austria to bear its own costs.


(1)   OJ C 481, 29.11.2021.


ELI: http://data.europa.eu/eli/C/2024/2608/oj

ISSN 1977-091X (electronic edition)


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