Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/162592
Authors: 
Tröger, Tobias
Year of Publication: 
2017
Series/Report no.: 
SAFE Policy Letter 56
Abstract: 
The Judgement of the EGC in the Case T-122/15 - Landeskreditbank Baden-Württemberg - Förderbank v European Central Bank is the first statement of the European judiciary on the sub-stantive law of the Banking Union. Beyond its specific holding, the decision is of great importance, because it hints at the methodological approach the EGC will take in interpreting prudential banking regulation in the appeals against supervisory measures that fall in its jurisdiction under TFEU, arts. 256(1) subpara 1 and 263(4). Specifically, the case pertained to the scope of direct ECB oversight of significant banks in the euro area and the reassignment of this competence to national competent authorities (NCAs) in individual circumstances (Single Supervisory Mechanism (SSM) Regulation, art. 6(4) subpara 2; SSM Framework Regulation, arts. 70, 71).
Subjects: 
Banking Union
ECB
EGC
Landeskreditbank Baden-Württemberg
NCAs
SSM
Document Type: 
Research Report

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