Annual Report on Sanctioning Activities in the SSM in 2020

The activities covered in the report include the conduct of formal sanctioning proceedings by the competent authorities within the scope of their respective powers, in particular the imposition of administrative penalties for breaches of prudential requirements by supervised entities (groups) or other legal or natural persons, which fall under the scope of prudential supervision in the context of the SSM. The statistics are presented in aggregate for the whole SSM. Data were therefore collected and compiled along standardised categories to ensure the harmonisation and meaningful comparability of the information related to the sanctioning activities conducted by the ECB and the NCAs.