The European Banking Authority has published the following documents relating to group financial support under the Bank Recovery and Resolution Directive:
- guidelines specifying the conditions for group financial support;
- final draft regulatory technical standards (RTS) specifying the conditions for group financial support; and
- final draft implementing technical standards (ITS) on the form and content of disclosure of financial support.
The RTS, ITS and guidelines specify the conditions under which one entity of a banking group can provide support to another entity of the same group in financial difficulties and aim to strengthen integrated risk management in EU banking groups by removing possible uncertainties around supporting entities in distress within the same group.
View EBA streamlines intra-group financial support for banking institutions, 9 July 2015