CELEX: 62019TA0504
Language: en
Date: 2021-04-14 00:00:00
Title: Case T-504/19: Judgment of the General Court of 14 April 2021 — Crédit Lyonnais v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Article 4(1)(d) and Article 4(3) of Regulation (EU) No 1024/2013 — Calculation of the leverage ratio — ECB’s partial refusal to authorise the exclusion of exposures meeting certain conditions — Article 429(14) of Regulation (EU) No 575/2013 — Failure to examine all the relevant aspects of the individual case — Res judicata — Article 266 TFEU)

14.6.2021   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 228/28
            
         
      Judgment of the General Court of 14 April 2021 — Crédit Lyonnais v ECB
      (Case T-504/19) (1)
      
      (Economic and monetary policy - Prudential supervision of credit institutions - Article 4(1)(d) and Article 4(3) of Regulation (EU) No 1024/2013 - Calculation of the leverage ratio - ECB’s partial refusal to authorise the exclusion of exposures meeting certain conditions - Article 429(14) of Regulation (EU) No 575/2013 - Failure to examine all the relevant aspects of the individual case - Res judicata - Article 266 TFEU)
      (2021/C 228/38)
      Language of the case: French
      
         Parties
      
      
         Applicant: Crédit Lyonnais (Lyon, France) (represented by: A. Champsaur and A. Delors, lawyers)
      
         Defendant: European Central Bank (represented by: J. Poscia, R. Ugena and F. Bonnard, acting as Agents, and H.-G. Kamann, lawyer)
      
         Re:
      
      Application under Article 263 TFEU seeking the annulment of Decision ECB-SSM-2019-FRCAG-39 adopted by the ECB on 3 May 2019, pursuant to Article 4(1)(d) and Article 10 of Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the ECB concerning policies relating to the prudential supervision of credit institutions (OJ 2013 L 287, p. 63), and Article 429(14) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ 2013 L 176, p. 1, corrigenda OJ 2013 L 208, p. 68, and OJ 2013 L 321, p. 6), in so far as it refuses to authorise the applicant to exclude certain exposures from the calculation of the leverage ratio.
      
         Operative part of the judgment
      
      The Court:
      
                  1.
               
               
                  Annuls decision ECB-SSM-2019-FRCAG-39 adopted by the ECB on 3 May 2019 in so far as it refused to authorise Crédit Lyonnais to exclude from the calculation of the leverage ratio 34 % of its exposures to the Caisse des dépôts et consignations;
               
            
                  2.
               
               
                  Orders the ECB to pay the costs.
               
            
         (1)  OJ C 312, 16.9.2019.