ZBB 2026, 188
Legal Safeguards Available to Credit Institutions within the ECB’s Enforcement Process
On 10 November 2025 the ECB published the periodic penalty payments (PPPs) imposed on a significant bank for failure to comply with prudential requirements in the area of C&E risks. This is the first time the ECB collects PPPs to enforce supervisory requirements imposed on a credit institution in the performance of its banking supervisory tasks. Given this precedent and the novelty of the use of this tool, the first part of the article recalls the general framework governing the imposition of PPPs by the ECB to address breaches of prudential requirements while the second part gives an overview of the process related to the imposition of PPPs and the procedural rights available to credit institutions.
Contents
- I. Introduction
- II. Legal framework for the ECB’s imposition of PPPs
- 1. EU legal basis and legislative background
- 2. Purpose and characteristics of PPPs
- 3. Scope of application of PPPs
- III. Process for imposing a PPP by the ECB
- 1. Procedural rules Applied by the ECB
- 2. Process for imposing PPPs
- IV. Procedural safeguards and remedies available for Banks
- V. Concluding remarks
- *
- *)Deputy Director General in Directorate General Legal Services, SRB, Brussels
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