(4)Article 131 of Directive 2013/36/EU was amended by Directive (EU) 2019/878 of the European Parliament and of the Council 3 to introduce into Directive 2013/36/EU an additional overall score for G-SIIs with the cross-border activities’ indicator excluding the cross-border activities across the Member States participating in the Single Resolution Mechanism (SRM). That additional overall score was introduced to reflect the ability to resolve cross-border groups within the European banking union in an orderly manner. It is therefore appropriate to amend the scope of the cross-border activity indicator to reflect that change.
Recital 4
- 3 Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019 amending Directive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation measures ( OJ L 150, 7.6.2019, p. 253 ). ↩