Article 3, Paragraph 3. · ECB/2018/26

Contents

1. For the purpose of Article 178(2)(d) of Regulation (EU) No…
2. For credit institutions applying the definition of default…
3. A default shall be deemed to have occurred when both of th…1 change

3.A default shall be deemed to have occurred when both of the limits set out in points (a) and (b) of paragraph 1 are exceeded for more than 90 consecutive days.