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EU General Court Judgment in Case T-395/22 Hypo Vorarlberg Bank v SRB
29 May
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
Urteil des Gerichts in der Rechtssache T-395/22 Hypo Vorarlberg Bank / SRB (Ex-ante Beiträge 2022)
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.
Details
- Date:
- 29 May
- Event Categories:
- EU General Court, EVENT, IEU AGENDA
- Event Tags:
- Case T-395/22, Hypo Vorarlberg Bank v SRB
Venue
- EU General Court
-
Palais de la Cour de Justice, Boulevard Konrad Adenauer, Kirchberg
Luxembourg, 2925 Luxembourg + Google Map - Phone
- (00352) 43 03-1
- View Venue Website
Organizer
- EU General Court
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