On Thursday 13 April, the European Central Bank (ECB) published guidelines on the exercise of options and national discretions laid down in the banking prudential rules of the European Union and concerning financial institutions still supervised at national level.
The single banking supervisor, which itself directly controls 125 major banking groups in the framework of banking union in the Eurozone, divides these national options and discretions into three categories: - seven options are applicable in the same way to large banks and less significant ones; - 43 options are to be assessed on a case-by-cases, but following a common approach; - eight options require a specific simplified approach for smaller banks, in order to reduce the burden on them.
This initiative follows the ECB's harmonisation of the exercise of options and discretions in the framework of the supervision of the 125 banking groups directly under its responsibility in the framework of banking union in the Eurozone. (Original version in French by Mathieu Bion)