This document is an excerpt from the EUR-Lex website
Document 62022TA0188
Case T-188/22: Judgment of the General Court of 5 June 2024 – Crédit agricole 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)
Case T-188/22: Judgment of the General Court of 5 June 2024 – Crédit agricole 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)
Case T-188/22: Judgment of the General Court of 5 June 2024 – Crédit agricole 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)
OJ C, C/2024/4464, 22.7.2024, ELI: http://data.europa.eu/eli/C/2024/4464/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)
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Official Journal |
EN C series |
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C/2024/4464 |
22.7.2024 |
Judgment of the General Court of 5 June 2024 – Crédit agricole and Others v ECB
(Case T-188/22) (1)
(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/2024/4464)
Language of the case: French
Parties
Applicants: Crédit agricole SA (Montrouge, France) and the 63 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 1.5 and points 3.5.1 to 3.5.8 of Decision ECB-SMM-2022-FRCAG-5 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 1.6 and points 3.5.1 to 3.5.8 of Decision ECB-SSM—022-FRCAG-123 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:
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1. |
Dismisses the action; |
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2. |
Orders Crédit agricole SA and the other applicants whose names are listed in the annex to pay the costs. |
ELI: http://data.europa.eu/eli/C/2024/4464/oj
ISSN 1977-091X (electronic edition)