EBA consults on joint decisions on institution-specific prudential requirements

20 May 2013

The consultation aims at facilitating the reaching of effective joint decisions between the consolidating supervisor and the competent authorities responsible for the supervision of subsidiaries in a Member State. The consultation runs until 16 August, 2013.

In particular, the objective of the draft ITS is to set up common procedures and templates that will facilitate the interaction and cooperation between the consolidating supervisor and the relevant competent authorities when providing their contribution to the group risk assessment and joint decision documents.

The proposed ITS partly build on CEBS’ Guidelines for the joint assessment and joint decisions  regarding the capital adequacy of cross-border groups. However, they reflect the additional requirements stemming from the final compromise text of the proposed Capital Requirement Directive (CRD), namely those covering the reaching of liquidity joint decisions under Pillar II.

Press release

Consultation

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