2014-01-21

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Commission Delegated Regulation (EU) No 342/2014 on regulatory technical standards for capital adequacy of financial conglomerates

The European Commission adopted this Regulation to specify technical principles and calculation methods for determining the capital adequacy requirements of financial conglomerates. It mandates the elimination of multiple gearing and intra-group creation of own funds, restricts the inclusion of excess own funds to those that are transferable across entities, and defines specific sectoral solvency requirements for banking, investment, and insurance sectors. The text details the application of three calculation methods, including accounting consolidation and deduction and aggregation, while establishing rules for handling deficits, cross-sector holdings, and non-regulated entities.

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Source: European Insurance and Occupational Pensions Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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