3.12.2018 |
EN |
Official Journal of the European Union |
C 436/55 |
Action brought on 25 September 2018 — Crédit agricole v ECB
(Case T-576/18)
(2018/C 436/78)
Language of the case: French
Parties
Applicant: Crédit agricole SA (Montrouge, France) (represented by: A. Champsaur and A. Delors, lawyers)
Defendant: European Central Bank
Form of order sought
The applicant claims that the Court should:
— |
annul, on the basis of Articles 256 and 263 TFEU, Decision ECB-SSM-2018-FRCAG-76 adopted by the ECB on 16 July 2018; |
— |
order the ECB to pay the costs. |
Pleas in law and main arguments
In support of the action, the applicant relies on two pleas in law.
1. |
First plea in law, alleging that the decision of the European Central Bank (ECB) of 16 July 2018, imposing on the applicant an administrative penalty for continued breach of the common equity requirements provided for in Article 26(3) 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) (‘the contested decision’), is ultra vires. In that regard, the applicant argues as follows:
|
2. |
Second plea in law, alleging infringement by the ECB of the applicant’s fundamental procedural rights in so far as it based the contested decision on complaints against which the applicant was unable to present its objections. |