Implementing Technical Standards on the disclosure of group financial support agreements
- Status: Adopted and published in the Official Journal of the EU
The Implementing Technical Standards (ITS) on the disclosure of group financial support agreements refers to one entity of a banking group providing support to another entity of the same group on the basis of a financial support agreement. The ITS aims at ensuring high standards of transparency with regard to support agreements, enabling creditors and other stakeholders of the group to make informed investment decisions and to assess the consequences of the agreement both on individual subsidiaries and the group as a whole.