EBA published final draft technical standards specifying the methods of prudential consolidation

15 April 2021

Metadata
Provider: 
EBAEBA
URL: 
https://www.eba.europa.eu/eba-published-final-draft-technical-standards-specifying-methods-prudential-consolidationhttps://www.eba.europa.eu/eba-published-final-draft-technical-standards-specifying-methods-prudential-consolidation
Retrieved on: 
Saturday, April 24, 2021
Information
Tags: 
Financial services, Finance, Bank regulation, Eurozone, European Union, Capital requirement, European Banking Authority, CRR, Capital Requirements Regulation, Consolidation
Summary
Key Points: 
  • 15 April 2021

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the conditions according to which consolidation shall be carried out in line with Article 18 of the Capital Requirements Regulation (CRR).

  • The aim of these draft RTS is to ensure that the appropriate method of prudential consolidation is applied for the calculation of the CRR requirements on a consolidated basis.
  • These final draft RTS specify the conditions for the application of the different methods of prudential consolidation.
  • Entities to be included in the scope of prudential consolidation are, in particular, institutions, financial institutions and ancillary services undertakings.
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