Regulatory Alerts2023-02-06
Added · Updated
Circular on Draft Regulatory Technical Standards on Identification of Groups of Connected Clients and Draft Regulatory Technical Standards on Criteria for Identifying Shadow Banking Entities
The document outlines draft Regulatory Technical Standards for identifying groups of connected clients through control relationships, economic dependencies, or their combination, and specifies criteria for identifying shadow banking entities for large exposures reporting. These drafts elaborate on conditions under which financial difficulties may spread within connected groups and define exclusions for entities established in third countries. Credit institutions are advised to note these conditions, which are expected to be adopted by the European Commission in due course.
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