COURT OF JUSTICE OF THE EU / Economy

CJEU annuls authorisation of Crédit lyonnais to exclude all its exposures to Caisse des Dépôts et Consignations for the purposes of calculating leverage ratio

Brussels, 04/05/2023 (Agence Europe)

The Court of Justice of the EU (CJEU) on Thursday 4 May annulled a decision of the General Court (case C-389/21 P) giving the French bank Crédit lyonnais the right to exclude, for the purposes of calculating the leverage ratio, all of its exposure to Caisse des Dépôts et Consignations (CDC). The European Central Bank (ECB) had refused to do so, granting the Crédit Agricole SA subsidiary the right to exclude only 66% of its exposures.

This decision was made on 3 May 2019 by the ECB,...