Recital 27

(27) To ensure a level playing field in the area of sanctioning powers, Member States should be required to provide for effective, proportionate and dissuasive administrative penalties, periodic penalty payments and other administrative measures in respect of breaches of national provisions transposing Directive 2013/36/EU and breaches of Regulation (EU) No 575/2013 or decisions taken by a competent authority on the basis of those provisions or that Regulation. Those administrative penalties, periodic penalty payments and other administrative measures should meet certain minimum requirements, including the minimum powers that should be vested in competent authorities to be able to impose them, the criteria that competent authorities should take into account in their application, publication requirements or the levels of administrative penalties and periodic penalty payments. EBA should be mandated to report on the cooperation between competent authorities in the context of the application of administrative penalties, periodic penalty payments and other administrative measures.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.