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Final report on Guidelines on internal governance under CRD.pdf
Final report on Guidelines on internal governance under CRD
EBA OP 2021 08 - EBA Opinion on no action regarding prudential requirements for certain investment firms.pdf
Opinion on appropriate supervisory and enforcement practices for the process of authorising investment firms as credit institutions
EBA provides clarification on the implementation of the new prudential regime for investment firms
The European Banking Authority (EBA) published today an Opinion to ease the implementation of the Investment Firms Regulation (IFR) and Investment Firms Directive (IFD), which entered into force on June 26. The IFR/IFD classify investment firms according to their business model and size, the latter of which is benchmarked on various threshold. For the vast majority of investment firms, sufficient clarity already exists with regards to the prudential regime, which applies to them. However, in a few cases, especially for investment firms of third country groups, the Opinion provides guidance on the actions to be taken in case of uncertainty on whether these investment firms should apply for an authorisation as a credit institution in the absence of the delegated act establishing the methodology for the calculation of the highest threshold (the EUR 30bn threshold), on which the EBA has currently opened a second public consultation.