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Document 62024TO0324

Order of the President of the General Court of 22 November 2024.
UniCredit SpA v European Central Bank.
Interim measures – Economic and monetary policy – Prudential supervision of credit institutions – Regulation (EU) No 1024/2013 – Setting of prudential requirements – Application for suspension of operation of a measure – No urgency – No prima facie case – Balancing of interests.
Case T-324/24 R.

ECLI identifier: ECLI:EU:T:2024:858

 Order of the President of the General Court of 22 November 2024 –
UniCredit v ECB

(Case T‑324/24 R)

(Interim measures – Economic and monetary policy – Prudential supervision of credit institutions – Regulation (EU) No 1024/2013 – Setting of prudential requirements – Application for suspension of operation of a measure – No urgency – No prima facie case – Balancing of interests)

1. 

Interim relief – Admissibility criteria – Application – Formal requirements – Statement of the pleas establishing a prima facie case for granting the measures sought – Assessment of the court hearing the application for interim relief solely on the basis of the information provided in the application for interim measures

(Arts 278 and 279 TFEU; Rules of Procedure of the Court of Justice, Art. 156(4))

(see paragraphs 33, 34, 107)

2. 

Economic and monetary policy – Economic policy – Supervision of the EU financial sector – Single supervisory mechanism – Prudential supervision of credit institutions – Specific tasks assigned to the European Central Bank (ECB) – Prudential analysis conducted by the ECB – Scope – Analysis of a forecasting nature – Broad discretion of the ECB allowing it to rely on scenarios which are not implausible

(Council Regulation No 1024/2013)

(see paragraph 53)

3. 

Economic and monetary policy – Economic policy – Supervision of the EU financial sector – Single supervisory mechanism – Prudential supervision of credit institutions – Specific tasks assigned to the European Central Bank (ECB) – Scope – Exercise of a supervisory function on a consolidated basis at the level of the banking group or financial conglomerate to which the credit institution belongs – Whether permissible

(Council Regulation No 1024/2013, recital 26 and Art. 16)

(see paragraphs 99, 100)

4. 

Interim relief – Suspension of operation of a measure – Interim measures – Conditions for granting – Urgency – Serious and irreparable damage – Financial loss – Situation liable to endanger the existence of the applicant company – Burden of proof – Necessity of providing information enabling the financial loss likely to be incurred to be precisely identified and quantified

(Arts 278 and 279 TFEU)

(see paragraphs 118-120)

Operative part

1. 

The application for interim measures is dismissed.

2. 

The costs are reserved.

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