Regulatory Alerts2025-05-01
Implementation of Competent Authority Discretions and Options in the CRR and CRD
The Central Bank of Ireland issues this Implementation Notice to outline its requirements and guidance for exercising competent authority options and discretions under the Capital Requirements Regulation and Directive. The document defines the scope of applicability for less significant institutions and MiFID investment firms, while clarifying the supervisory roles of the ECB and the Central Bank within the Single Supervisory Mechanism. It details specific approaches to capital buffers, large exposures, and corporate governance, ensuring alignment with ECB guidelines and national policy considerations.
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