Sparkasse Hannover v SRB (Economic and Monetary Union - Banking Union - Single Resolution Mechanism for Credit Institutions and Certain Investment Firms (MRU) - Order) French Text [2024] EUECJ T-457/23_CO (06 August 2024)

Sparkasse Hannover v SRB (Economic and Monetary Union - Banking Union - Single Resolution Mechanism for Credit Institutions and Certain Investment Firms (MRU) - Order) French Text [2024] EUECJ T-457/23_CO (06 August 2024)

The CRU breached Article 70(2) of Regulation (EU) No 806/2014 by setting ex ante contributions for 2023 above the 12.5% cap, which applies during the initial period without exception; this legal error warrants annulment of the decision as it concerns Sparkasse Hannover.

Citation
[2024] EUECJ T-457/23_CO
Parties
Applicant: Sparkasse Hannover; Respondent: Conseil de résolution unique (CRU); Intervener: Parlement européen; Intervener: Conseil de l’Union européenne
Jurisdiction
European Union
Judgment Date
06 August 2024
Procedural Posture
Annulment Proceedings / Final Order
Outcome
decision annulled in respect of Sparkasse Hannover
Legal Topics
Single Resolution Mechanism, Ex Ante Contributions, Interpretation of Regulation (eu) No 806/2014, Limitation of Effects in Time
Economic and Monetary Union Banking Law EU Administrative Law Single Resolution Mechanism Ex Ante Contributions Interpretation of Regulation (eu) No 806/2014 Limitation of Effects in Time

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Parties

Sparkasse Hannover

Applicant

Conseil de résolution unique (CRU)

Respondent

Parlement européen

Intervener

Conseil de l’Union européenne

Intervener

Procedural Posture

Annulment Proceedings / Final Order

Legal Issues

  1. 1 Whether the CRU violated Article 70(2) of Regulation (EU) No 806/2014 by exceeding the 12.5% cap on ex ante contributions for 2023
  2. 2 Applicability of the 12.5% cap during the initial period
  3. 3 Interpretation of Articles 69 and 70 of Regulation (EU) No 806/2014

Ratio Decidendi

The CRU breached Article 70(2) of Regulation (EU) No 806/2014 by setting ex ante contributions for 2023 above the 12.5% cap, which applies during the initial period without exception; this legal error warrants annulment of the decision as it concerns Sparkasse Hannover.

Court Disposition

decision annulled in respect of Sparkasse Hannover

Orders

  • The CRU decision SRB/ES/2023/23 is annulled as it concerns Sparkasse Hannover.
  • Effects of the annulled decision are maintained for Sparkasse Hannover until the CRU implements necessary measures, not exceeding six months from finality of this order.