+65. At a minimum, the consolidating supervisor and the home and host competent authorities should …

65. At a minimum, the consolidating supervisor and the home and host competent authorities should …

At a minimum, the consolidating supervisor and the home and host competent authorities should organise a joint annual meeting with the branch management, where possible attended also by the representatives of the senior management of the institution, to discuss the following:

  • (a) the financial performance of the branch at year-end and any forecasts for the branch’s performance in the medium term;
  • (b) the business strategy of the branch and how the branch will contribute to and implement the strategy of the institution;
  • (c) the branch’s main activities and its relevant risks; and
  • (d) the supervisory findings concerning the operations of the branch and actions taken or to be taken by the institution to remedy the relevant issues.

1. Overview

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Summary Regulation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement
  • EBA -

    EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

    DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.