EBA consults on technical standards to identify shadow banking entities

26 July 2021

Metadata

Provider:

URL:

Retrieved on:

Thursday, July 29, 2021

Information

Tags:

Summary

Key Points:

26 July 2021
The European Banking Authority (EBA) launched today a public consultation on draft regulatory technical standards (RTS) setting out criteria for the identification of shadow banking entities for the purposes of reporting large exposures.
Entities that offer banking services and perform banking activities as defined in the draft RTS but are not regulated and are not being supervised in accordance with any of the acts that form the regulated framework are identified as shadow banking entities.
Finally, the draft RTS consider the situation of entities established in third countries and provide for a treatment that distinguishes between banks and other entities.
While developing the draft RTS, the EBA has relied as far as possible on the guidelines on limits on exposures to shadow banking (EBA/GL/2015/20), yet having due regard to international developments in shadow banking and taking into account the lack of third-country equivalence for institutions in certain jurisdictions.