CELEX: 62015TA0122
Language: en
Date: 2017-05-16 00:00:00
Title: Case T-122/15: Judgment of the General Court of 16 May 2017 — Landeskreditbank Baden-Württemberg v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Article 6(4) of Regulation (EU) No 1024/2013 — Article 70(1) of Regulation (EU) No 468/2014 — Single supervisory mechanism — Competences of the ECB — Decentralised exercise by the national authorities — Assessment of the size of a credit institution — Need for direct supervision by the ECB)

3.7.2017   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 213/26
            
         Judgment of the General Court of 16 May 2017 — Landeskreditbank Baden-Württemberg v ECB
   (Case T-122/15) (1)
   
   ((Economic and monetary policy - Prudential supervision of credit institutions - Article 6(4) of Regulation (EU) No 1024/2013 - Article 70(1) of Regulation (EU) No 468/2014 - Single supervisory mechanism - Competences of the ECB - Decentralised exercise by the national authorities - Assessment of the size of a credit institution - Need for direct supervision by the ECB))
   (2017/C 213/34)
   Language of the case: German
   
      Parties
   
   
      Applicant: Landeskreditbank Baden-Württemberg — Förderbank (Karlsruhe, Germany) (represented by: initially by A. Glos, K. Lackhoff and M. Benzing, and subsequently by A. Glos and M. Benzing, lawyers)
   
      Defendant: European Central Bank (ECB) (represented by: E. Koupepidou, R. Bax and A. Riso, and subsequently by E. Koupepidou and R. Bax, acting as Agents, assisted by H.-G. Kamann, lawyer)
   
      Intervener in support of the defendant: European Commission (represented by W. Mölls and K.-P. Wojcik, acting as Agents)
   
      Re:
   
   Action pursuant to Article 263 TFEU for annulment of Decision ECB/SSM/15/1 of the ECB of 5 January 2015, taken pursuant to Article 6(4) and Article 24(7) 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), by which the ECB refused to recognise the applicant as a less significant entity within the meaning of Article 6(4) of that regulation.
   
      Operative part of the judgment
   
   The Court:
   
               1.
            
            
               Dismisses the action.
            
         
               2.
            
            
               Orders the Landeskreditbank Baden-Württemberg — Förderbank to bear its own costs and to pay those incurred by the European Central Bank.
            
         
               3.
            
            
               Orders the European Commission to bear its own costs.
            
         
      (1)  OJ C 178, 1.6.2015.