CELEX: 62016TA0745
Language: en
Date: 2018-07-13 00:00:00
Title: Case T-745/16: Judgment of the General Court of 13 July 2018 — BPCE v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Article 4(1)(d) and (3) of Regulation (EU) No 1024/2013 — Calculation of the leverage ratio — The ECB’s refusal to authorise the applicant to exclude from the calculation of the leverage ratio the exposures fulfilling certain conditions — Article 429(14) of Regulation (EU) No 575/2013 — Discretion of the ECB — Errors of law — Manifest error of assessment)

17.9.2018   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 328/43
            
         
      Judgment of the General Court of 13 July 2018 — BPCE v ECB
      (Case T-745/16) (1)
      
      ((Economic and monetary policy - Prudential supervision of credit institutions - Article 4(1)(d) and (3) of Regulation (EU) No 1024/2013 - Calculation of the leverage ratio - The ECB’s refusal to authorise the applicant to exclude from the calculation of the leverage ratio the exposures fulfilling certain conditions - Article 429(14) of Regulation (EU) No 575/2013 - Discretion of the ECB - Errors of law - Manifest error of assessment))
      (2018/C 328/58)
      Language of the case: French
      
         Parties
      
      
         Applicant: BPCE (Paris, France) (represented by: initially A. Gosset Grainville, C. Renner and P. Kupka, then A. Gosset-Grainville, P. Kupka and M. Trabucchi and finally A. Gosset-Grainville and M. Trabucchi, lawyers)
      
         Defendant: European Central Bank (ECB) (represented by: K. Lackhoff, R. Bax and G. Bassani, acting as Agents, and by H.-G. Kamann and F. Louis, lawyers)
      
         Interveners in support of the defendants: Republic of Finland (represented by: S. Hartikainen, acting as Agent)
      
         Re:
      
      Action based on Article 263 TFEU and seeking annulment of Decision ECB/SSM/2016 9695005MSX1OYEMGDF46/195 of the ECB, of 24 August 2016, pursuant to Article 4(1)(d), of Article 10 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), and of 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, and corrigenda OJ 2013 L 208, p. 68 and OJ 2013 L 321, p. 6).
      
         Operative part of the judgment
      
      The Court:
      
                  1.
               
               
                  Annuls Decision ECB/SSM/2016 9695005MSX1OYEMGDF46/195 of the European Central Bank of 24 August 2016;
               
            
                  2.
               
               
                  Orders the ECB to pay the costs;
               
            
                  3.
               
               
                  Orders the Republic of Finland to bear its own costs.
               
            
         (1)  OJ C 6, 9.1.2017.