(3)As the competent authority to do so under Regulation (EU) No 1024/2013, the ECB has exercised a number of options and discretions available in Union law under Regulation (EU) 2016/445 of the European Central Bank (ECB/2016/4) 3 for credit institutions that are classified as significant.
Recital 3
- 3 Regulation (EU) 2016/445 of the European Central Bank of 14 March 2016 on the exercise of options and discretions available in Union law (ECB/2016/4) ( OJ L 78, 24.3.2016, p. 60 ). ↩