ESFS

The EBA publishes final Guidelines on the application of the group capital test for investment firm groups

Retrieved on: 
Donnerstag, April 18, 2024
EBA, Guideline, Social, Risk, ESFS, European, Authority

The EBA publishes final Guidelines on the application of the group capital test for investment firm groups

Key Points: 
  • The EBA publishes final Guidelines on the application of the group capital test for investment firm groups
    The European Banking Authority (EBA) published today its final Guidelines on the application of the group capital test for investment firm groups.
  • These Guidelines set harmonised criteria to address the observed diversity in the application of the group capital test across the EU and help ensure a level playing field.
  • The Guidelines also provide a methodology to guide Competent Authorities in the assessment of the adequacy of own funds requirement of third country undertakings of EU groups.
  • The group capital test is set out in Article 8 of Regulation (EU) 2019/2033.

The EBA consults on Guidelines on the application of the group capital test for investment firm groups

Retrieved on: 
Dienstag, Juli 25, 2023
ESFS, Article, European Banking Authority, Article 16, EBA, Social, Competent authority, European, Risk, Guideline, Authority, Medical device, Property management, EU

25 July 2023

Key Points: 
  • 25 July 2023
    The European Banking Authority (EBA) launched today a consultation on the draft Guidelines on the application of the group capital test for investment firm groups.
  • These Guidelines aim at setting harmonised criteria to address the observed diversity in the application of the group capital test across the EU.
  • The criteria for allowing the use of the application of the group capital test, as laid down in the Investment Firms Regulation (IFR), appear to be subject to different interpretations by supervisory authorities.
  • Accordingly, the EBA is of the view that a more harmonised application of this provision is necessary and can be achieved with these Guidelines.

The EBA publishes final guidance on the overall recovery capacity in recovery planning

Retrieved on: 
Mittwoch, Juli 19, 2023
European System of Financial Supervision, ESFS, Article, European Banking Authority, Article 16, EBA, ORC, European, Regulation, Guideline, Authority, Risk management, Medical device

19 July 2023

Key Points: 
  • 19 July 2023
    The European Banking Authority (EBA) today published its final Guidelines on the overall recovery capacity (ORC) in recovery planning.
  • The objective of the ORC is to provide a summary of the overall capability of the institution to restore its financial position after a significant deterioration by implementing suitable recovery options.
  • The assessment by competent authorities of an institution’s overall recovery capacity allows to understand to what extent an institution would be able to recover from a range of potential crisis situations.
  • The first one addressed to institutions, aims at providing guidance on the relevant steps to set-up a reliable ORC framework.

EBA consults on Guidelines on the overall recovery capacity in recovery planning

Retrieved on: 
Freitag, Dezember 16, 2022
Article 16, CET, European, Guideline, Article, ESFS, European Banking Authority, Authority, ORC, EBA, Risk management

14 December 2022

Key Points: 
  • 14 December 2022
    The European Banking Authority (EBA) today published a consultation paper on its draft Guidelines on the overall recovery capacity (ORC) in recovery planning.
  • The Guidelines aim to set up a consistent framework for the determination of the ORC by institutions in their recovery plans and the respective assessment by competent authorities.
  • The assessment by competent authorities of an institutions overall recovery capacity allows to understand to what extent an institution would be able to recover from a range of potential crisis situations.
  • Responses to this consultation can be sent to the EBA by clicking on the "send your comments" button on the consultation page.