Consultation on the Joint Committee response to the Call for Advice on the Fundamental Review of the Financial Conglomerates Directive (FICOD) received from the European Commission in April 2011 (JC/2012/88)

status: Final and translated into the EU official languages

The EBA, EIOPA and ESMA responded to the European Commission’s Call for Advice on the Fundamental Review of the Financial Conglomerates Directive (FICOD). This call for advice asked the Joint Committee to look at the following aspects of a financial conglomerate: (i) scope of application, especially the inclusion of non-regulated entities; (ii) internal governance requirements and sanctions; and (iii) supervisory empowerment of Directive 2002/87/EC on the supplementary supervision of credit institutions, insurance undertakings and investment firms.

Documents

Consultation Papers