The Court of Justice of the European Union (CJEU) is expected to declare invalid the European Banking Authority (EBA)’s 2017 Guidelines on product oversight and governance arrangements for retail banking products. This was recommended on Thursday 15 April by the Court’s Advocate General Michal Bobek in his Opinion in case C-911/19.
It was the French Banking Federation (FBF) that initiated the questioning of the EBA’s competence to issue such guidelines. It had appealed to the French...