ECB publishes updated guide to credit institution licensing applications

The European Central Bank (ECB) has published an updated guide to licensing applications, replacing the previous 2019 version. The guide applies to authorisation applications under the Capital Requirements Regulation, including, but not limited to, initial authorisations for credit institutions, bridge bank applications and licence extensions. It aims to enhance transparency and consistency in the assessment of applications across participating member states and reflects developments in supervisory practice, EU legislation and European Banking Authority guidance. Among other things, it provides detailed guidance on the licensing process, including pre-application engagement, assessment criteria and timelines. The guide will be reviewed periodically to reflect further supervisory, European and international developments. The ECB emphasises that the guide is not legally binding and does not replace any requirements under EU or national law.

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