Regulatory Alerts2014-12-23
Added · Updated
Draft RTS on risk concentration and intra-group transactions under the Financial Conglomerates Directive
The European Supervisory Authorities have issued draft Regulatory Technical Standards to ensure consistent application of the Financial Conglomerates Directive regarding risk concentration and intra-group transactions. These standards define significant risk exposures and transactions, mandating that financial conglomerates report specific minimum information to coordinators and competent authorities. The rules also establish a coordinated methodology for identifying significant risks and outline supervisory measures to address contagion, conflicts of interest, and capital double gearing.
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