In particular, competent authorities should be empowered to impose administrative pecuniary penalties which are sufficiently high to offset the benefits that can be expected and to be dissuasive even to larger institutions and their managers.
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New version applies from 01/01/2015 — introduced by Bank Recovery and Resolution Directive (BRRD).
137 provisions change.
Later versions: 13/01/2018, 09/07/2018, 29/12/2020, 28/06/2021, 01/01/2022, 09/01/2024, 29/07/2024, 30/12/2024, 17/01/2025, 11/01/2026, 11/07/2026.
Recital 36 changes in this version: compare with the current text.