EBA Single Rulebook Q&A: First Update for October 2017
As part of the Single Rulebook update for the first week of October 2017, answers to seven questions were published. The answers covered questions related to minority interests; capital requirements reduction for credit risk on exposures to small and medium enterprises; deduction from own funds of items entered as assets that are not yet included within equity; connected clients and control relationships; documentary credits in which underlying shipment acts as collateral and other self-liquidating transactions; treatment of an institution's guarantees for investments into collective investment undertakings; and groups of connected clients.
The overall objective of the Questions and Answers (Q&A) tool is to ensure consistent and effective application of the new regulatory framework across the Single Market. Institutions, supervisors, and other stakeholders can use the Single Rulebook Q&A tool for submitting questions on Capital Requirements Directive IV (CRD IV), Capital Requirements Regulation (CRR), and the related technical standards developed by the EBA and adopted by the EC.
Related Link: EBA Single Rulebook
Keywords: Europe, Banking, Single Rulebook, Q&A, CRR, CRD IV, EBA
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