This document is an excerpt from the EUR-Lex website
Document 62019TA0301
Case T-301/19: Judgment of the General Court of 7 December 2022 — PNB Banka v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Article 6(5)(b) of Regulation (EU) No 1024/2013 — Need for the ECB’s direct supervision of a less significant credit institution — Request by the national competent authority — Article 68(5) of Regulation (EU) No 468/2014 — ECB decision classifying PNB Banka as a significant entity subject to its direct prudential supervision — Obligation to state reasons — Proportionality — Rights of the defence — Access to the administrative file — Report laid down in Article 68(3) of Regulation No 468/2014 — Article 106 of the Rules of Procedure — Request for a hearing lacking a statement of reasons)
Case T-301/19: Judgment of the General Court of 7 December 2022 — PNB Banka v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Article 6(5)(b) of Regulation (EU) No 1024/2013 — Need for the ECB’s direct supervision of a less significant credit institution — Request by the national competent authority — Article 68(5) of Regulation (EU) No 468/2014 — ECB decision classifying PNB Banka as a significant entity subject to its direct prudential supervision — Obligation to state reasons — Proportionality — Rights of the defence — Access to the administrative file — Report laid down in Article 68(3) of Regulation No 468/2014 — Article 106 of the Rules of Procedure — Request for a hearing lacking a statement of reasons)
Case T-301/19: Judgment of the General Court of 7 December 2022 — PNB Banka v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Article 6(5)(b) of Regulation (EU) No 1024/2013 — Need for the ECB’s direct supervision of a less significant credit institution — Request by the national competent authority — Article 68(5) of Regulation (EU) No 468/2014 — ECB decision classifying PNB Banka as a significant entity subject to its direct prudential supervision — Obligation to state reasons — Proportionality — Rights of the defence — Access to the administrative file — Report laid down in Article 68(3) of Regulation No 468/2014 — Article 106 of the Rules of Procedure — Request for a hearing lacking a statement of reasons)
OJ C 35, 30.1.2023, pp. 46–46
(BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
- Date of document:
- 07/12/2022
- Date lodged:
- 14/05/2019
- Author:
- General Court
- Form:
- Judicial information
- Authentic language:
- English
- Type of procedure:
- Action for annulment
- Link
- Select all documents mentioning this document
- Case affecting:
-
- Related EU case-law document 62019TJ0301
- Instruments cited in case law:
- Link
|
30.1.2023 |
EN |
Official Journal of the European Union |
C 35/46 |
Judgment of the General Court of 7 December 2022 — PNB Banka v ECB
(Case T-301/19) (1)
(Economic and monetary policy - Prudential supervision of credit institutions - Article 6(5)(b) of Regulation (EU) No 1024/2013 - Need for the ECB’s direct supervision of a less significant credit institution - Request by the national competent authority - Article 68(5) of Regulation (EU) No 468/2014 - ECB decision classifying PNB Banka as a significant entity subject to its direct prudential supervision - Obligation to state reasons - Proportionality - Rights of the defence - Access to the administrative file - Report laid down in Article 68(3) of Regulation No 468/2014 - Article 106 of the Rules of Procedure - Request for a hearing lacking a statement of reasons)
(2023/C 35/52)
Language of the case: English
Parties
Applicant: PNB Banka AS (Riga, Latvia) (represented by: O. Behrends, lawyer)
Defendant: European Central Bank (represented by: C. Hernández Saseta, F. Bonnard and D. Segoin, acting as Agents)
Re:
By its action based on Article 263 TFEU, the applicant seeks annulment of the decision of the European Central Bank (ECB), notified by letter of 1 March 2019, to classify the applicant as a significant entity subject to its direct prudential supervision.
Operative part of the judgment
The Court:
|
1. |
Dismisses the action; |
|
2. |
Orders PNB Banka AS to bear its own costs and to pay those incurred by the European Central Bank (ECB). |
