Options and national discretions
Directives 2006/48/EC and 2006/49/EC contain several options and national discretions for supervisory authorities, intended to accommodate the specificities of institutions and national markets.
Differences in the prudential framework between Member States are an important issue, namely for banking groups acting in different jurisdictions within the European Union. Thus, Directive 2006/48/EC stipulates that, in some cases, Member States may mutually recognise the exercise of certain national discretions in another Member State, in order to reduce distortions of competition and certain administrative costs.
The following tables present the implementation in Portugal of the options and discretions available in the Directives as well as the position of Portugal as the country of origin of a banking group, regarding the mutual recognition.
For information on this subject regarding other Member States, see the relevant section on the EBA’s website.