January 27
download app
download appDOWNLOAD OUR APP
download google-play
download app-store
Raúl Ferrer
Raúl Ferrer
16th September 2019
Banking & Finance Justice & Litigation

Analysis: “National Law as a Point of Law in Appeals at the Court of Justice. The case of Crédit Mutuel Arkéa/ECB” by Daniel Sarmiento

Last week the Court of Justice rendered its decision in the case of Crédit mutuel Arkéa/ECB, the second appeal in a direct action against the ECB’s acts in the context of the Single Supervisory Mechanism (SSM). The case raises a rather technical issue on the scope of supervisory tasks of the ECB, in particular the exercise of supervision on a consolidated basis of institutions affiliated to a central body when that body does not have credit institution status.

Despite the technical nature of the underlying issue, the case raises a tricky matter that has haunted the SSM since its inception: the role of national law in ECB supervisory activity. As is known, the SSM Regulation introduced for the first time the power of an EU Institut


Your privacy is important for us

We use cookies to improve the user experience. Please review privacy preferences.

Accept all Settings

Check our privacy policy and cookies policy.