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Term Definition Legal instruments

EEA countercyclical buffer authority

01/05/2014

THIS DEFINITION ONLY APPLIES TO THE CAPITAL BUFFERS PART

means the authority or body of an EEA State other than the UK designated for the purpose of Article 136 of the CRD with responsibility for setting the countercyclical buffer rate for that EEA State or the European Central Bank when it carries out the task of setting a countercyclical buffer rate for an EEA State conferred on it by Article 5(2) of Council Regulation (EU) No. 1024/2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions.