62024TO0324_INF
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.