Wednesday 29th May 2024
EU General Court Judgment in Case T-395/22 Hypo Vorarlberg Bank v SRB (Ex-ante contributions 2022)
(Economic and monetary policy)
The Austrian credit institution Hypo Vorarlberg Bank is challenging before the General Court of the European Union the lawfulness of the Decision SRB/ES/2022/18 of the Single Resolution Board (SRB) of 11 April 2022 on the calculation of the 2022 ex-ante contributions to the Single Resolution Fund (SRF), in so far as that decision concerns Hypo Vorarlberg Bank.
According to the Bank, that decision was unlawful because it was based on rules, which were, in turn, unlawful.
Moreover, in the contested decision, Hypo Vorarlberg Bank states that SRB exceeded an annual ceiling imposed by the applicable legislation, particularly Regulation (EU) No 806/2014, establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund.
In particular, the ex-ante contributions of all the institutions authorised in the territories of all the Member States participating in the Single Resolution Mechanism (SRM) are not to exceed 12.5% of the financial means that should be available in the SRF at the end of 2023.
Mittwoch, 29. Mai 2024
Jährliche Zielausstattung durch SRB
Der Einheitliche Abwicklungsausschuss (SRB) hat einen Beschluss zur Festlegung einheitlicher Vorschriften und eines einheitlichen Verfahrens für die Abwicklung von Kreditinstituten vorgelegt. Zu den Instituten gehört auch die Hypo Vorarlberg Bank.
Die Hypo Vorarlberg Bank klagt vor dem Gericht der EU auf die Nichtigerklärung des Beschlusses des SRB. Sie macht unter anderem geltend, dass dieser Beschluss die jährliche Zielausstattung unter einem Verstoß gegen den Grundsatz der Verhältnismäßigkeit festlege. Außerdem verletze der Beschluss den Anspruch auf rechtliches Gehör.
We and use cookies and other tracking technologies to improve your experience on our website. We may store and/or access information on a device and process personal data, such as your IP address and browsing data, for personalised advertising and content, advertising and content measurement, audience research and services development. Additionally, we may utilize precise geolocation data and identification through device scanning.
Please note that your consent will be valid across all our subdomains. You can change or withdraw your consent at any time by clicking the “Consent Preferences” button at the bottom of your screen. We respect your choices and are committed to providing you with a transparent and secure browsing experience.
Cookie | Duration | Description |
---|---|---|
__stripe_mid | This cookie is set by Stripe payment gateway. This cookie is used to enable payment on the website without storing any patment information on a server. | |
__stripe_sid | This cookie is set by Stripe payment gateway. This cookie is used to enable payment on the website without storing any patment information on a server. | |
_abck | This cookie is used to detect and defend when a client attempt to replay a cookie.This cookie manages the interaction with online bots and takes the appropriate actions. | |
_wpfuuid | This cookie is used by the WPForms WordPress plugin. The cookie is used to allows the paid version of the plugin to connect entries by the same user and is used for some additional features like the Form Abandonment addon. | |
ASP.NET_SessionId | Issued by Microsoft's ASP.NET Application, this cookie stores session data during a user's website visit. | |
AWSALBCORS | This cookie is managed by Amazon Web Services and is used for load balancing. | |
bm_sz | This cookie is set by the provider Akamai Bot Manager. This cookie is used to manage the interaction with the online bots. It also helps in fraud preventions | |
cookielawinfo-checbox-analytics | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". | |
cookielawinfo-checbox-functional | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". | |
cookielawinfo-checbox-others | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. | |
cookielawinfo-checkbox-necessary | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". | |
cookielawinfo-checkbox-performance | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". | |
elementor | This cookie is used by the website's WordPress theme. It allows the website owner to implement or change the website's content in real-time. | |
JSESSIONID | Used by sites written in JSP. General purpose platform session cookies that are used to maintain users' state across page requests. | |
viewed_cookie_policy | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
Cookie | Duration | Description |
---|---|---|
_ga | The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. | |
_ga_4L7PKQPHHV | This cookie is installed by Google Analytics. | |
_ga_T50H0MNN9J | This cookie is installed by Google Analytics. | |
_gat_gtag_UA_12289088_5 | Set by Google to distinguish users. | |
_gcl_au | Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services. | |
_gid | Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. |
Cookie | Duration | Description |
---|---|---|
test_cookie | The test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies. |
Cookie | Duration | Description |
---|---|---|
_mcid | No description available. | |
_swa_u | This cookie is set by the provider Sitewit.com. This cookie is used for statistical report and analysis. | |
ak_bmsc | No description available. | |
AWSALB | AWSALB is a cookie generated by the Application load balancer in the Amazon Web Services. It works slightly different from AWSELB. | |
ec_store_chameleon_font | No description available. | |
FCCDCF | No description available. | |
issuem_lp | No description available. | |
lp_us_his | No description | |
m | No description available. |