Community
The Joint Committee of the three European Supervisory Authorities has published draft Regulatory Technical Standards (RTS) on the consistent application of the calculation methods described in the Financial Conglomerates Directive covering the assessment of the financial situation of credit institutions, insurance undertakings and investment firms which are part of a financial conglomerate. This is in accordance with the Capital Requirements Directive and Capital Requirements Regulation (together, CRD 4).
The draft RTS define the calculation methods for the determination of required capital at the financial conglomerate level. Their underlying principles are to:
The RTS aim to harmonise the use of the calculation methods in order to ensure a consistent approach in the calculations is applied across different financial conglomerates.
Related Link:
http://www.eba.europa.eu/-/eba-eiopa-and-esma-publish-rts-on-the-consistent-application-of-calculation-methods-under-the-financial-conglomerates-directive
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