21 June 2018

44975

Retired Member

3,605Posts 14,077,723Views 4,500Comments
Finextra community

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

ESAs consults on supervision of financial conglomerates

11 April 2014  |  1508 views  |  0

The Joint Committee of the three European Supervisory Authorities (ESAs) has published a consultation on the guidelines to clarify and enhance cooperation between competent authorities on a cross-border and cross-sectoral basis where a cross-border group has been identified as a financial conglomerate.  

The guidelines aim to supplement the Financial Conglomerates Directive and, in particular, focus on how authorities should cooperate to ensure a supplementary level of supervision of financial conglomerates.  

The guidelines cover the following areas:

  • mapping procedures, cooperation structure and coordination agreements;
  • coordination of information exchange in going concern and emergency situations;
  • supervisory assessment of financial conglomerates;
  • supervisory planning and coordination of supervisory activities in going concern and emergency situations; and
  • other decision-making processes among the competent authorities.

 The deadline for comments is 12 June 2014.  

Related link:

http://www.eba.europa.eu/documents/10180/624054/JC+CP+2014+02+%28Joint+CP+on+draft+Guidelines+on+supervisory+arrangements+....pdf

Comments: (0)

Comment on this story (membership required)

Retired's profile

job title
location
member since 2014
Summary profile See full profile »

Retired's expertise

Member since 2009
3587 posts4,500 comments
What Retired reads

Who's commenting on Retired's posts

Pooja Golakonda
Behzod Sabirov
Ketharaman Swaminathan
Melvin Haskins
James Treacher
Kenneth Marritt
Mark Santall
Alexander De Lange
Graham Seel
Kishore Meda
Willem Lambrechts