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The Joint Committee of the three European Supervisory Authorities (ESAs - EBA, ESMA and EIOPA) published today its joint final draft Regulatory Technical Standards (RTS) on risk concentration and intra-group transactions under the Financial Conglomerates Directive (FICOD).
These standards clarify which risk concentration and intra-group transactions shall be considered as significant at the level of financial conglomerate and aim at ensuring consistent application across the EU of the FICOD’s requirements on this topic.
