The European Banking Authority (EBA) has published a consultation paper on draft regulatory technical standards (RTS) and guidelines specifying the conditions for group financial support, and draft implementing technical standards (ITS) on the disclosure of group financial support agreements under the Bank Recovery and Resolution Directive (the BRRD).
The draft RTS and guidelines have been developed according to article 23 of the BRRD, which mandates the EBA to specify the conditions for the provision of group financial support. The draft ITS are based on article 26 of the BRRD, which mandates the EBA to specify the format and content of the disclosure of group financial support agreements.
The deadline for responding to the consultation paper is 4 January 2015.
A public hearing will take place at the EBA premises on 8 December 2014.
View EBA consults on group financial support, 3 October 2014