Information;Judgment — ECLI:EU:T:2020:389
Date: 2020-09-09
Language of the case: French
Court formation: Second Chamber, Extended Composition
Subject matter: Economic and monetary policy
Procedure: Action for annulment - successful
Origin: France

Judgment of the General Court of 9 September 2020 – Société générale v ECB (Case T-143/18)1 (Economic and monetary policy – Prudential supervision of credit institutions – Contribution to the deposit guarantee system or to the single resolution fund by means of irrevocable payment commitments – Tasks entrusted to the ECB – Specific supervision powers of the ECB – Article 4(1)(f) and Article 16(1)(c) and (2)(d) of Regulation (EU) No 1024/2013 – Measure requiring the deduction of the cumulative amount of irrevocable payment commitments outstanding from Tier 1 capital – Absence of individual examination) Language of the case: French Parties Applicant: Société générale (Paris, France) (represented by: A. Gosset-Grainville, M. Trabucchi and M. Dalon, lawyers) Defendant: European Central Bank (ECB) (represented by: E. Koupepidou, R. Bax and F. Bonnard, acting as Agents) Re: Application based on Article 263 TFEU for partial annulment, first, of ECB Decision ECB/SSM/2017-O2RNE8IBXP4R0TD8PU41/174 of 19 December 2017, and, second, of ECB Decision ECB-SSM-2019-FRSOG-10 of 14 February 2019. Operative part of the judgment The Court: Annuls paragraph 5 of Decision ECB/SSM/2017-O2RNE8IBXP4R0TD8PU41/174 of the European Central Bank (ECB) of 19 December 2017 and Article 3 of Annex A thereto and paragraph 5 of Decision ECB-SSM-2019-FRSOG-10 of the ECB of 14 February 2019 and Article 3 of the annex thereto to the extent that Société génerale is concerned; Orders the ECB is ordered to pay the costs. ____________ 1 OJ C 161, 7.5.2018.