CELEX: 62018TA0203
Language: en
Date: 2020-07-08 00:00:00
Title: Case T-203/18: Judgment of the General Court of 8 July 2020 — VQ v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Article 18(1) of Regulation (EU) No 1024/2013 — Administrative pecuniary penalty imposed by the ECB on a credit institution for infringement of Article 77(a) of Regulation (EU) No 575/2013 — Rules for publication on the ECB’s website — Article 18(6) of Regulation No 1024/2013 and Article 132(1) of Regulation (EU) No 468/2014)

21.9.2020   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 313/22
            
         
      Judgment of the General Court of 8 July 2020 — VQ v ECB
      (Case T-203/18) (1)
      
      (Economic and monetary policy - Prudential supervision of credit institutions - Article 18(1) of Regulation (EU) No 1024/2013 - Administrative pecuniary penalty imposed by the ECB on a credit institution for infringement of Article 77(a) of Regulation (EU) No 575/2013 - Rules for publication on the ECB’s website - Article 18(6) of Regulation No 1024/2013 and Article 132(1) of Regulation (EU) No 468/2014)
      (2020/C 313/33)
      Language of the case: English
      
         Parties
      
      
         Applicant: VQ (represented by: G. Cahill, Barrister)
      
         Defendant: European Central Bank (represented by: E. Koupepidou, E. Yoo and M. Puidokas, acting as Agents)
      
         Intervening parties in support of the defendant: Council of the European Union (represented by: I. Gurov and J. Bauerschmidt, acting as Agents), European Commission (represented by: L. Armati, A. Steiblytė, K. P. Wojcik and A. Nijenhuis, acting as Agents)
      
         Re:
      
      Application based on Article 263 TFEU for annulment of Decision ECB-SSM-2018-ESSAB-4, SNC 2016-0026 of the ECB, of 14 March 2018, adopted pursuant to Article 18(1) of Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (OJ 2013 L 287, p. 63), to the extent that, first, it imposed on the applicant an administrative pecuniary penalty of EUR 1 600 000 and, second, it decided to publish that penalty, without anonymising the name of the applicant, on the ECB’s website.
      
         Operative part of the judgment
      
      The Court:
      
                  1.
               
               
                  Dismisses the action;
               
            
                  2.
               
               
                  Orders VQ to bear, in addition to its own costs, the costs incurred by the European Central Bank (ECB), including those relating to the proceedings for interim measures;
               
            
                  3.
               
               
                  Orders the Council of the European Union and the European Commission to bear their own costs.
               
            
         (1)  OJ C 182, 28.5.2018.