41Moreover, recital 9 of Regulation No 575/2013 states that in order to avoid market distortions and regulatory arbitrage, prudential minimum requirements adopted by EU law should ensure maximum harmonisation. Accordingly, where the limits set out in Article 395(1) of Regulation No 575/2013 are exceeded, Member States are required to impose on credit institutions not a measure governed by national law but an administrative penalty or other administrative measure within the meaning of Article 65(1) of Directive 2013/36.
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