The European Banking Authority (EBA) has updated its Q&As on the single rulebook, publishing one new answer to a question. The Q&As relate to the CRD IV package of reforms: the CRD IV Directive, the Capital Requirements Regulation and the related technical standards and guidelines developed by the EBA.
The new question relates to the definition of a financial institution. The answer advises that the part of the definition that refers to the principal activity of acquiring holdings does not include purely industrial holding companies.
View Single Rulebook Q&A, 18 July 2014