GUIDELINE (EU) 2020/978 OF THE EUROPEAN CENTRAL BANK
of 25 June 2020
on the exercise of the discretion under Article 178(2)(d) of Regulation (EU) No 575/2013 of the European Parliament and of the Council by national competent authorities in relation to less significant institutions with regard to the threshold for assessing the materiality of credit obligations past due (ECB/2020/32)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions 1, and in particular Article 6(1), and Article 6(5)(a) and (c) thereof,
Whereas:
HAS ADOPTED THIS GUIDELINE: