BOA decision creditreform_rating_ag_vs_eba (Board of Appeal) [2019] EUBOA boa_2019_d_05 (08 October 2019)

BOA decision creditreform_rating_ag_vs_eba (Board of Appeal) [2019] EUBOA boa_2019_d_05 (08 October 2019)

The Board of Appeal found that the European Banking Authority's decision was lawful and that Creditreform Rating AG's procedural rights were not violated.

Source-derived case information.

Parties
Applicant: Creditreform Rating AG; Respondent: European Banking Authority
Jurisdiction
European Union
Procedural Posture
Appeal / Final Decision
Outcome
appeal dismissed
Legal Topics
Credit Rating Agencies, Regulatory Oversight, Appeal Procedures
Financial Regulation Administrative Law Credit Rating Agencies Regulatory Oversight Appeal Procedures

Source-derived case record

Summary, issues, holding and outcome

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Parties

Creditreform Rating AG

Applicant

European Banking Authority

Respondent

Procedural Posture

Appeal / Final Decision

Legal Issues

  1. 1 Whether the European Banking Authority acted lawfully in its decision regarding Creditreform Rating AG
  2. 2 Whether procedural rights of Creditreform Rating AG were respected

Ratio Decidendi

The Board of Appeal found that the European Banking Authority's decision was lawful and that Creditreform Rating AG's procedural rights were not violated.

Court Disposition

appeal dismissed

Orders

  • The appeal by Creditreform Rating AG is dismissed.
  • The decision of the European Banking Authority is upheld.