62024CJ0552_INF
Judgment of the Court (Ninth Chamber) of 18 December 2025 – Confédération nationale du Crédit mutuel and Others v ECB
(Case C‑552/24 P)
(Appeal – Economic and monetary policy – Prudential supervision of credit institutions – Single supervisory mechanism – Regulation (EU) No 1024/2013 – Specific supervisory tasks conferred on the European Central Bank (ECB) – Article 4 – Setting of prudential requirements – Article 16 – Risk linked to irrevocable payment commitments (IPCs) given in favour of deposit guarantee schemes or resolution funds – Deduction in full from the Common Equity Tier 1 capital of the sums paid as collateral for the IPCs – Discretion of the ECB – Judicial review)
1.
Appeal – Grounds – Incorrect assessment of the facts and evidence – Inadmissibility – Review by the Court of Justice of the assessment of the facts and evidence – Possible only where the facts or evidence have been distorted – Review by the Court of Justice of the legal classification given to the facts of the dispute – Whether permissible
(Art. 256(1) TFEU; Statute of the Court of Justice, Art. 58, first para.)
(see paragraphs 50, 51)
2.
Appeal – Grounds – Plea raised for the first time in the context of the appeal – Argument constituting an additional argument supplementing a plea put forward at first instance and not changing the subject matter of the dispute – Admissibility
(Rules of Procedure of the Court of Justice, Art. 170(1))
(see paragraph 52)
3.
EU law – Interpretation – Methods – Literal, systematic and teleological interpretation
(see paragraph 73)
4.
Economic and monetary policy – Economic policy – Supervision of the EU financial sector – Single supervisory mechanism – Prudential supervision of credit institutions – Broad discretion of the European Central Bank (ECB) – Condition – Supervisory task giving it significant responsibility for safeguarding financial stability – Use of its supervisory powers in the most effective and proportionate way possible – Judicial review – Limits
(Council Regulation No 1024/2013, recital 55)
(see paragraphs 78, 120-124)
5.
Appeal – Grounds – Inadequate statement of reasons – Reliance by the General Court on implied reasoning – Whether permissible – Conditions
(Statute of the Court of Justice, Arts 36 and 53)
(see paragraphs 143, 144)
Operative part
The Court:
1.
Dismisses the appeal;
2.
Orders Confédération nationale du Crédit mutuel and the other appellants whose names appear in the annex to the judgment to bear their own costs and to pay those incurred by the European Central Bank.