SRB statement: Judgment on SRB’s power to adopt non-resolution decisions

The Single Resolution Board takes note of the Court of Justice’s dismissal of the appeal brought by ABLV in case  C-602/22 P, concerning the SRB’s power to adopt non-resolution decisions.

The Court confirmed the SRB’s power to adopt non-resolution decisions and, in particular, that such power is in line with the SRMR and the case-law on the delegation of powers on EU agencies (Meroni case-law).

SRB Chair Dominique Laboureix said: “The SRB welcomes the confirmation by the Grand Chamber of the Court of Justice that the SRB has the power to adopt decisions not to resolve failing banks, without further endorsement by other European institutions.”