ECB finalises guide on supervisory approach to consolidation
On 12 January 2021, the European Central Bank (ECB) published a final guide outlining its supervisory approach to consolidation in the banking sector, following a public consultation which ended on 1 October 2020. The ECB has also published a feedback statement setting out its views on respondents’ comments on the consultation.
With the final guide, ECB banking supervision intends to clarify, within the current regulatory framework, the principles underpinning the prudential supervisory approach it follows…