Glossary

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Term Definition Legal instruments

competent authority

19/01/2015

THIS DEFINITION ONLY APPLIES TO THE RECOVERY PLANS PART

means a public authority or body officially recognised by national law which is empowered by national law to supervise institutions as part of the supervisory system in operation in the EEA State concerned or the European Central Bank with regard to the specified tasks conferred on it by Article 4 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.