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

Judgment of 16 May 2017

law://eu/cjeu/2015/t-122-15/para_63@2026-11-13

63It follows from all the foregoing that the Council has delegated to the ECB exclusive competence in respect of the tasks laid down in Article 4(1) of the Basic Regulation and that the sole purpose of Article 6 of that same regulation is to enable decentralised implementation under the SSM of that competence by the national authorities, under the control of the ECB, in respect of the less significant entities and in respect of the tasks listed in Article 4(1)(b) and (d) to (i) of the Basic Regulation, whilst conferring on the ECB exclusive competence for determining the content of the concept of ‘particular circumstances’ within the meaning of Article 6(4), second subparagraph, of that same regulation, which was implemented through the adoption of Articles 70 and 71 of the SSM Framework Regulation.

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

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