EBA, ESMA and EIOPA consult on technical standards for financial conglomerates risk concentration and intra-group transa

The Joint Committee of the three European Supervisory Authorities (ESAs -
EBA, ESMA and EIOPA) launched today a consultation on draft Regulatory
Technical Standards (RTS) on risk concentration and intra-group
transactions within financial conglomerates. The technical standards aim
at enhancing supervisory consistency in the application of the Financial
Conglomerates Directive (FICOD). The consultation runs until 24 October
2014.

The objective of the draft RTS is to clarify which risk concentrations and
intra-group transactions within a financial conglomerate should be
considered as significant. In addition, the RTS provide some supervisory
measures for coordinators and other relevant competent authorities when
identifying types of significant risk concentration and intra-group
transactions, their associated thresholds and reports, where appropriate.

The consultation paper (Link:
https://eiopa.europa.eu/consultations/consultation-papers/index.html ) is
available on the websites of the three ESAs: EBA, ESMA and EIOPA.


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