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ARTICLE · 22 APRIL 2021

EBA Published Final Draft Technical Standards Specifying The Methods Of Prudential Consolidation

Elias Neocleous & Co LLC
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The European Banking Authority (EBA) recently published its final draft Regulatory Technical Standards (RTS) specifying the conditions according to which consolidation shall be carried out in line with the...

European UnionFinance and Banking
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The European Banking Authority (EBA) recently published its final draft Regulatory Technical Standards (RTS) specifying the conditions according to which consolidation shall be carried out in line with the Capital Requirements Regulation (CRR). In particular, this initiative has been undertaken according to Article 18(9) of Regulation (EU) No 575/2013 (CRR), which mandates the EBA to 'specify conditions in accordance with which consolidation shall be carried out in the cases referred to in paragraphs 3 to 6 and paragraph 8' of Article 18 of this Regulation.

The aim of the draft RTS is to ensure that the appropriate method of prudential consolidation is applied for the calculation of the CRR requirements on a consolidated basis. These final draft RTS specify the conditions for the application of the different methods of prudential consolidation. The entities to be included in the scope of prudential consolidation are, in particular, institutions, financial

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