CELEX: 62020CB0456
Language: en
Date: 2021-06-16 00:00:00
Title: Joined Cases C-456/20 P to C-458/20 P: Order of the Court (Tenth Chamber) of 16 June 2021 — Crédit agricole SA (C-456/20 P), Crédit agricole Corporate and Investment Bank (C-457/20 P), CA Consumer Finance (C-458/20 P) v European Central Bank (Appeal — Article 181 of the Rules of Procedure of the Court of Justice — Economic and monetary policy — Regulation (EU) No 1024/2013 — Article 18(1) — Prudential supervision of credit institutions — Conferral of specific tasks on the European Central Bank (ECB) — Infliction of an administrative financial penalty for breach of prudential requirements — Regulation (EU) No 575/2013 — Article 26(3) — Own funds requirements — Capital instruments — Issuance of ordinary shares — Classification as Common Equity Tier 1 (CET 1) — No prior authorisation by the competent authority — Negligent breach)

6.9.2021   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 357/5
            
         
      Order of the Court (Tenth Chamber) of 16 June 2021 — Crédit agricole SA (C-456/20 P), Crédit agricole Corporate and Investment Bank (C-457/20 P), CA Consumer Finance (C-458/20 P) v European Central Bank
      (Joined Cases C-456/20 P to C-458/20 P) (1)
      
      (Appeal - Article 181 of the Rules of Procedure of the Court of Justice - Economic and monetary policy - Regulation (EU) No 1024/2013 - Article 18(1) - Prudential supervision of credit institutions - Conferral of specific tasks on the European Central Bank (ECB) - Infliction of an administrative financial penalty for breach of prudential requirements - Regulation (EU) No 575/2013 - Article 26(3) - Own funds requirements - Capital instruments - Issuance of ordinary shares - Classification as Common Equity Tier 1 (CET 1) - No prior authorisation by the competent authority - Negligent breach)
      (2021/C 357/06)
      Language of the case: French
      
         Parties
      
      
         Appellants: Crédit agricole SA (C-456/20 P), Crédit agricole Corporate and Investment Bank (C-457/20 P), CA Consumer Finance (C-458/20 P) (represented by: A. Champsaur and A. Delors, avocats)
      
         Other party to the proceedings: European Central Bank (represented by: C. Hernández Saseta, A. Pizzolla and D. Segoin, acting as Agents)
      
         Operative part of the order
      
      
                  1.
               
               
                  The appeals are dismissed as in part manifestly inadmissible and in part manifestly unfounded.
               
            
                  2.
               
               
                  Crédit agricole SA, Crédit agricole Corporate and Investment Bank and CA Consumer Finance shall pay the costs.
               
            
         (1)  OJ C 433, 14.12.2020.