Public consultation on the draft ECB Guideline on the materiality threshold for credit obligations past due for less significant institutions

This consultation gives interested parties the opportunity to comment on the draft ECB Guideline on the materiality threshold for credit obligations past due for less significant institutions (LSIs).

Deadline for submitting comments: midnight CET on 17 February 2020.

Only comments received before this deadline will be considered.

Draft ECB Guideline on the materiality threshold for credit obligations past due for less significant institutions

The draft ECB Guideline is addressed to national competent authorities (NCAs) to set a single materiality threshold for all LSIs within the Single Supervisory Mechanism (SSM), both for retail and non-retail exposures, irrespective of the method used for the calculation of capital requirements. The materiality threshold will comprise an absolute component, expressed as a specific maximum amount for the sum of all amounts past due owed by an obligor, and a relative component, expressed as a percentage reflecting the amount of the credit obligation past due in relation to the total amount of all on-balance sheet exposures to that obligor for the credit institution, the parent undertaking or any of its subsidiaries.

Deadline for submitting comments: midnight CET on 17 February 2020.

Only comments received before this deadline will be considered.

Submitting comments

Submit your comments by midnight CET on 17 February 2020 using this template.

Please provide relevant examples or data, where appropriate.

Only comments provided using the above template will be published after the closure of this public consultation.


Submitting comments by e-mail using the above template:

Send your comments to: SSMPublicConsultation@ecb.europa.eu

Please write “Public consultation on the draft ECB Guideline on the materiality threshold for credit obligations past due for less significant institutions” in the subject line.


Submitting comments by post using the above template:

Send your comments to the following address:

European Central Bank
Secretariat to the Supervisory Board
“Public consultation on the draft ECB Guideline on the materiality threshold for credit obligations past due for less significant institutions”
60640 Frankfurt am Main
Germany

Publication of comments

After the consultation period closes, all comments submitted using the template will be published on this web page along with a feedback statement. For details on how your personal data and contribution will be handled, please see this privacy statement:

Privacy statement

Documents
8 July 2020
Press release
 
ECB Guideline on the materiality threshold for credit obligations past due for less significant institutions
20 January 2020
Press release
 
Draft ECB Guideline on the materiality threshold for credit obligations past due for less significant institutions
 
Frequently asked questions

Reference documents

26/11/2018

ECB Regulation on the materiality threshold for credit obligations past due

6/2/2018

Commission Delegated Regulation (EU) 2018/171 of 19 October 2017 on supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for the materiality threshold for credit obligations past due

24/3/2016

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)

16/4/2014

Regulation (EU) No 468/2014 of the European Central Bank of 16 April 2014 establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated authorities (SSM Framework Regulation) (ECB/2014/17)

15/10/2013

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 (SSM Regulation)

26/6/2013

Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (Capital Requirements Regulation – CRR)

26/6/2013

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 (Capital Requirements Directive – CRD IV)