Judgment of the General Court (Second Chamber, Extended Composition) of 8 July 2020.#CA Consumer Finance v European Central Bank.#Economic and monetary policy – Prudential supervision of credit institutions – Article 18(1) of Regulation (EU) No 1024/2013 – Administrative pecuniary penalty imposed by the ECB on a credit institution – First subparagraph of Article 26(3) of Regulation (EU) No 575/2013 – Continued breach of capital requirements – Negligent breach – Rights of defence – Amount of the penalty – Obligation to state reasons.#Case T-578/18.

Judgment of the General Court (Second Chamber, Extended Composition) of 8 July 2020.
CA Consumer Finance v European Central Bank.
Economic and monetary policy – Prudential supervision of credit institutions – Article 18(1) of Regulation (EU) No 1024/2013 – Administrative pecuniary penalty imposed by the ECB on a credit institution – First subparagraph of Article 26(3) of Regulation (EU) No 575/2013 – Continued breach of capital requirements – Negligent breach – Rights of defence – Amount of the penalty – Obligation to state reasons.
Case T-578/18.

Judgment of the General Court (Second Chamber, Extended Composition) of 8 July 2020.
CA Consumer Finance v European Central Bank.
Economic and monetary policy – Prudential supervision of credit institutions – Article 18(1) of Regulation (EU) No 1024/2013 – Administrative pecuniary penalty imposed by the ECB on a credit institution – First subparagraph of Article 26(3) of Regulation (EU) No 575/2013 – Continued breach of capital requirements – Negligent breach – Rights of defence – Amount of the penalty – Obligation to state reasons.
Case T-578/18.

ECLI identifier: ECLI:EU:T:2020:306