European Union:
European Commission Adopts Delegated Regulation On RTS On Risk Concentration And Intra-Group Transactions Under FICOD
To print this article, all you need is to be registered or login on Mondaq.com.
On August 21, 2015, the European Commission published the
text of the Delegated Regulation it has adopted on regulatory
technical standards (RTS) on risk concentration and intra-group
transactions under Article 21a(1a) of the Financial Conglomerates
Directive (2002/87/EC) (FICOD).
The draft RTS aim clarify which risk concentration and
intra-group transactions at the level of the financial conglomerate
should be considered “significant” under Articles 7(2)
and 8(2) of FICOD.
The next step will be for the Council of the EU and the European
Parliament to consider the Delegated Regulation.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from European Union
Kirschner: The Final Act?
Mayer Brown
On August 24, 2023, the US Court of Appeals for the Second Circuit issued its decision in the Kirschner v. JPMorgan litigation saga, rejecting the plaintiff's...
Private Credit And Traditional Banks Forge A New Path
Dechert
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.
