Determining the composition of Pillar 2 requirements
Where necessary, and having regard to the institution’s specific circumstances, competent authorities may decide to require the institution to cover P2R with a higher quality of capital than that referred to in Article 104a(4) of Directive 2013/36/EU(51). This decision should be clearly justified, highlighting the specific circumstances that led to it. In their justifications competent authorities should refer to elements such as: