Anglo Austrian AAB AG, formerly Anglo Austrian AAB Bank AG and Belegging-Maatschappij 'Far-East' BV v European Central Bank (T-797/19)

Judgment of 22 Jun 2022

law://eu/cjeu/2019/t-797-19/para_61@2026-11-14

61Moreover, the position asserted by AAB Bank to the effect that certain infringements found were corrected and can no longer justify a withdrawal of authorisation would undermine the objective of safeguarding the European banking system since it would permit credit institutions that have committed serious breaches to continue their activities so long as the competent authorities do not demonstrate again that they have committed new breaches.

Anglo Austrian AAB AG, formerly Anglo Austrian AAB Bank AG and Belegging-Maatschappij 'Far-East' BV v European Central Bank (T-797/19)

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