The Central Bank has issued an updated implementation notice on competent authority national discretions and options to reflect the national transposition of CRD IV.

The Notice sets out the manner in which the Central Bank will exercise competent authority discretions and options provided for in S.I. 158/2014 and CRR. The Notice does not provide guidance on discretions and options which have not been transposed into national law. Decision-making relating to Member State discretions and options not allocated to the Central Bank will be a matter for the Minister for Finance.

More information is available on the Central Bank website.