Judgment_paragraph 58 · BNP Paribas v European Central Bank (T-150/18, T-345/18)

58This was, first, Article 16(1)(c) of Regulation No 1024/2013. In accordance with that provision, for the purpose of carrying out its tasks referred to in Article 4(1) of Regulation No 1024/2013, the ECB is to have the powers, as set out in Article 16(2) thereof, to require any credit institution to take the necessary measures to address relevant problems in certain situations. Those situations include where, in the framework of a supervisory review carried out in accordance with Article 4(1)(f) of Regulation No 1024/2013, the ECB finds that the arrangements, strategies, processes and mechanisms implemented by the credit institution and the own funds and liquidity held by it do not ensure a sound management and coverage of its risks.

BNP Paribas v European Central Bank (T-150/18, T-345/18)

BNP Paribas v European Central Bank (T-150/18, T-345/18)

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