Joint Board of Appeal dismisses appeal against the EBA
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The Joint Board of Appeal of the European Supervisory Authorities declares inadmissible an individual's appeal against the EBA's decision not to investigate the Finnish supervisor over the closure of the appellant's bank account. It notes that opening an investigation is at the EBA's discretion and a refusal cannot be challenged.
Key points
- The appellant asked for an investigation into a possible breach of EU law by FIN-FSA
- The Board relies on General Court case law and a similar 2022 case
- It found no circumstances justifying a different conclusion
Who is affected
Individuals and firms filing complaints with the ESAs
Plain-language version
A private individual appealed after the EBA, the EU authority that sets the rules for banks, refused to investigate Finland's financial supervisor over the closure of his bank account. The joint Board of Appeal of the EU authorities threw out the appeal without looking at the merits: opening an investigation is up to the EBA, and a refusal cannot be appealed.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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