CELEX: 62020TB0494
Language: en
Date: 2021-11-08 00:00:00
Title: Case T-494/20: Order of the General Court of 8 November 2021 — Satabank v ECB (Economic and monetary policy — Prudential supervision of less significant credit institutions — Regulation (EU) No 1024/2013 — Specific tasks of the ECB — Refusal to carry out direct prudential supervision — Refusal to give instructions to the Competent Person — Action manifestly lacking any foundation in law)

24.1.2022   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 37/32
            
         
      Order of the General Court of 8 November 2021 — Satabank v ECB
      (Case T-494/20) (1)
      
      (Economic and monetary policy - Prudential supervision of less significant credit institutions - Regulation (EU) No 1024/2013 - Specific tasks of the ECB - Refusal to carry out direct prudential supervision - Refusal to give instructions to the Competent Person - Action manifestly lacking any foundation in law)
      (2022/C 37/43)
      Language of the case: English
      
         Parties
      
      
         Applicant: Satabank plc (St Julians, Malta) (represented by: O. Behrends, lawyer)
      
         Defendant: European Central Bank (ECB) (represented by: C. Hernández Saseta, F. Bonnard and A. Lefterov, acting as Agents)
      
         Re:
      
      Action pursuant to Article 263 TFEU seeking annulment of the ECB’s decision of 15 May 2020 refusing to ensure direct supervision of the applicant and to give instructions to the Competent Person concerning it.
      
         Operative part of the order
      
      
                  1.
               
               
                  The action is dismissed.
               
            
                  2.
               
               
                  Satabank plc shall pay, in addition to its own costs, those incurred by the European Central Bank (ECB).
               
            
         (1)  OJ C 371, 3.11.2020.