Landeskreditbank Baden-Württemberg - Förderbank v European Central Bank (T-122/15)

Judgment of 16 May 2017

law://eu/cjeu/2015/t-122-15/para_54@2026-11-14

54The Court notes, firstly, that it is apparent from the examination of the interaction between Article 4(1) and Article 6 of the Basic Regulation, as discussed in paragraphs 20 to 28 above, that the logic of the relationship between them consists in allowing the exclusive competences delegated to the ECB to be implemented within a decentralised framework, rather than having a distribution of competences between the ECB and the national authorities in the performance of the tasks referred to in Article 4(1) of that regulation. Similarly, under Article 6(4), second subparagraph, of that same regulation the ECB has exclusive competence for determining the ‘particular circumstances’ in which direct supervision of an entity which should fall solely under its supervision might instead be under the supervision of a national authority.

Landeskreditbank Baden-Württemberg - Förderbank v European Central Bank (T-122/15)

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