Implementation Guidelines on large exposures exemptions for money transmission, correspondent banking, clearing and settlement and custody services

status: Final and translated into the EU official languages

These Guidelines provide further clarification on the criteria to be met to qualify money transmission, correspondent banking, clearing and settlement and custody services for an exemption from the large exposures rules. The Guidelines elaborate in particular on “types of services”, the definition of client activity and “life-span” of exposures. They are structured in two main parts, covering respectively Article 106(2) (c) and (d) of the Capital Requirements Directive.

Press Release