Judgment_paragraph 206 · Hypo Vorarlberg Bank AG, foremerly Vorarlberger Landes- und Hypothekenbank AG v Single Resolution Board (T-377/16, T-645/16, T-809/16)

206Consequently, it is the responsibility of the SRB, the author of those decisions, to state the reasons on which they are based. That obligation cannot be delegated to the NRAs, nor can an infringement of that obligation be remedied by them, if the status of the SRB as the author of those decisions and its responsibility in that respect is not to be disregarded and, if, in view of the diversity of the NRAs, a risk of unequal treatment of institutions with regard to the SRB’s reasoning in its decisions is not to arise.