Court of Justice 27 October 2022, C-389/21 P (European Central Bank v Crédit lyonnais.)

Also known as

The Advocate General's Opinion addresses the appeal by the European Central Bank (ECB) against the General Court's annulment of its decision, which denied Crédit Lyonnais a full exemption from leverage ratio requirements concerning certain regulated savings accounts. Central to the dispute is the standard of judicial review applicable to the ECB's discretionary decisions, particularly regarding complex economic assessments and the interpretation of relevant regulations. The Opinion suggests that the General Court may have exceeded its review limits, indicating a need for clarity on the judicial scrutiny of administrative decisions involving institutional discretion.AI