Judgment_paragraph 1 · European Central Bank v Crédit lyonnais (C-389/21 P)

1By its appeal, the European Central Bank (ECB) asks the Court to set aside the judgment of the General Court of the European Union of 14 April 2021, Crédit lyonnais v ECB (T‑504/19, EU:T:2021:185; ‘the judgment under appeal’), by which the General Court upheld Crédit lyonnais’s action for annulment of Decision ECB-SSM-2019-FRCAG-39 of the European Central Bank (ECB) of 3 May 2019 (‘the decision at issue’), adopted pursuant to Article 4(1)(d) and Article 10 of Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (OJ 2013 L 287, p. 63) and Article 429(14) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ 2013 L 176, p. 1), as amended by Commission Delegated Regulation (EU) 2015/62 of 10 October 2014 (OJ 2015 L 11, p. 37) (‘Regulation No 575/2013’), in so far as that decision refuses to authorise Crédit lyonnais to exclude certain exposures from the calculation of its leverage ratio.