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Earlier this month the
General Court of the European Union gave its judgment in
Landeskreditbank Baden-Württemberg ‒ Förderbank v ECB (Case T-122/15). The General Court - sitting in extended composition - dismissed Landeskreditbank's action in which it had challenged the decision of the
European Central Bank to classify it as a significant entity (and, therefore, one that fell under the direct supervision of the ECB through the
single supervisory mechanism). A summary is available
here (
pdf).
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