Guidelines on the convergence of supervisory practices relating to the consistency of supervisory coordination arrangements for financial conglomerates
- Status: Final and translated into the EU official languages
The Guidelines on the convergence of practices aimed at ensuring consistency of supervisory coordination arrangements for financial conglomerates will enhance the level playing field in the financial market and reduce administrative burdens for firms and supervisory authorities. Their objective is to clarify and enhance cooperation between national competent authorities on cross-border groups that have been identified as financial conglomerates.