(1)As set out in Article 130(1) of Directive 2013/36/EU of the European Parliament and of the Council 2 , Member States are obliged to require institutions to maintain an institution-specific countercyclical capital buffer.
Recital 1
Recital 1
- 2 Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC ( OJ L 176, 27.6.2013, p. 338 ). ↩