1. Bank regulation -
1.1 Prudential regulation -
(a) General -
(i) EU -
ECB: Memorandum of Cooperation between ECB and CAs on third-country bank supervision -
Status: Final -
The ECB has published a Memorandum of Cooperation (MoC) between the ECB and competent authorities (CAs) in relation to the supervision of third-country banking groups and branches. The MoC’s aims include to: (i) ensure cooperation by the authorities with the aim that all activities of third-country groups in the EU are subject to comprehensive supervision. It seeks to strengthen the supervisory framework established by the CRD and the CRR that applies to third-country groups in the Union, prevent the circumvention of its requirements and prevent any detrimental impact on the financial stability of the EU;..
Please see full publication below for more information.