The Court of Justice of the European Union validates the European Banking Authority Guidelines on product oversight and governance arrangements for retail banking products

As the FBF challenged the compliance of those guidelines with Union law in support of the appeal, the Council of State referred a question to the Court of Justice of the European Union (CJEU) for a preliminary ruling. In particular, the Council of State asked the CJEU whether the content and purpose of these guidelines fell within the scope of the EBA’s powers.