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Erscheinung:21.05.2013, Stand:updated on 19.12.2016 Supervision Guideline

Guideline on carrying out and ensuring the quality of the ongoing monitoring of credit and financial services institutions by the Deutsche Bundesbank of 19 December 2016

As the competent administrative authority pursuant to section 6 (1) of the German Banking Act (Kreditwesengesetz – KWG) and Article 4(1) of Directive 2013/36/EU (CRD IV), BaFin exercises supervision of institutions in accordance with the KWG. Moreover, it is the national competent authority pursuant to Article 2(2) of Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (SSM Regulation). The Deutsche Bundesbank (hereinafter referred to as "the Bundesbank") is a competent authority pursuant to Article 4(1) of the CRD IV to the extent defined in section 7 of the KWG. The SSM Regulation is without prejudice to the responsibilities and powers of the national authorities not conferred on the European Central Bank (ECB) (fifth paragraph of Article 1 of the SSM Regulation, sentences 2-4 of point (9) of Article 2 of Regulation (EU) No 468/2014 of the European Central Bank (SSM Framework Regulation)).

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