Regulatory Alerts2005-11-21
Instruction No. 2005-04 of November 21, 2005, on the supplementary supervision of financial conglomerates, as amended
The French Banking Commission issued Instruction No. 2005-04 to mandate the supplementary supervision of financial conglomerates, requiring the submission of detailed data on intra-group transactions and risk concentrations. Financial conglomerates coordinated by the Commission must annually report on capital adequacy, specific risk exposures, and inter-entity transactions using the standardized CONGLOMER table. These reporting obligations apply to entities with banking, investment services, or insurance activities to ensure comprehensive oversight of financial stability risks.
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