Search Options
Home Media Explainers Research & Publications Statistics Monetary Policy The €uro Payments & Markets Careers
Suggestions
Sort by

Public consultation on draft revisions to options and discretions policies

This consultation gives interested parties the opportunity to comment on draft revisions to the ECB's policies concerning the exercise of options and discretions in Union law.

In response to a stakeholder request, we have published an additional copy of the Guide in which the draft revisions are highlighted, available in English only. In order to allow time for examining the additional document, we have also extended the deadline for submitting comments to the public consultation by one week, to 30 August 2021.

Deadline for submitting comments: midnight CET on 30 August 2021

Only comments received before this deadline will be considered.

ECB policies concerning options and discretions

In 2016, the ECB first harmonised the way options and discretions granted to supervisory authorities are exercised in the countries participating in the Single Supervisory Mechanism.

The ECB’s policies concerning options and discretions are laid down in four instruments:

  • an ECB Guide and an ECB Regulation setting out how the ECB exercises options and discretions for significant institutions, which it supervises directly
  • an ECB Recommendation and an ECB Guideline addressed to the national competent authorities of countries participating in the Single Supervisory Mechanism, which request that they adopt similar policies in their direct supervision of less significant institutions

The ECB is proposing revisions to these four instruments to account for legislative changes adopted since their publication, in particular the introduction of the CRR II/CRD V package.

Deadline for submitting comments: midnight CET on 30 August 2021

Only comments received before this deadline will be considered.

Submitting comments

Please submit your comments by midnight CET on 30 August 2021 using this template:

Comments template

In order for the comments submitted to be processed automatically, please make sure you do not change the structure of the template or the format of the file.

Please provide relevant examples or data, where appropriate.

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

Submitting comments by email:

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

Please put “Public consultation on draft revisions to options and discretions policies" in the subject line.

Submitting comments by post:

Send comments by post to the following address:

European Central Bank Secretariat to the Supervisory Board
“Public consultation on draft revisions to options and discretions policies”
60640 Frankfurt am Main
Germany

Publication of comments

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

Privacy statement
Documents