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SRB statement on European Court of Justice judgment on 2017 Single Resolution Fund contribution decision

News
|
Thursday, 15 July 2021
| Maria DIAZ OLIVER

The Single Resolution Board takes note of the judgment of the European Court of Justice in Joined Cases C-584/20P and C-621/20 P, Commission and SRB v Landesbank Baden-Württemberg.

The Court of Justice finds that the decision of the SRB was indeed authenticated and restores the legality of Commission Delegated Regulation 2015/63, setting aside the General Court’s judgment of 23 September 2020. It annulled the SRB’s decision on the 2017 ex-ante contributions of Landesbank Baden-Württemberg on the basis that the reasoning was inadequate.

The SRB welcomes the legal clarity and guidance provided by the European Court of Justice in its decision. It will now carefully consider the content of the judgment in order to determine the next steps in cooperation with the European Commission and the relevant National Resolution Authorities (NRAs).

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