On 10 January 2024, the European Central Bank (ECB) published a guide on financial conglomerate reporting of significant risk concentrations and intragroup transactions.
The guide is relevant for financial conglomerates that are headed by a credit institution which the ECB has classified as a significant institution.
The guide is intended to provide transparency regarding the approach the ECB will take where it has been appointed as the coordinator for a financial conglomerate in accordance with the criteria set out in relevant EU law. In particular, the guide aims to help financial conglomerates in setting up the necessary internal processes for reporting significant risk concentrations and intragroup transactions using the templates provided for in Commission Implementing Regulation (EU) 2022/24542 laying down implementing technical standards for the supervisory reporting of risk concentrations and intragroup transactions.
The guide does not establish new regulatory requirements and the specifications and principles included in it should not be construed as being legally binding.
The ECB has also published a feedback statement on its earlier consultation on the guide.