+10.4. Application of other supervisory measures
---+481. Competent authorities responsible for the supervision of cross-border groups and their …
---+482. Competent authorities responsible for the prudential supervision of entities of a cross-border …

10.4. Application of other supervisory measures

10.4. Application of other supervisory measures

1. Overview

,
Summary Regulation
481. Competent authorities responsible for the supervision of cross-border groups and their …

Competent authorities responsible for the supervision of cross-border groups and their entities should discuss and coordinate, where possible, application of all supervisory and early intervention measures to the group and/or its material entities to ensure that the most appropriate measures are consistently applied to the identified vulnerabilities, taking into account the group dimension, including inter-dependencies and intra-group arrangements as discussed above.

482. Competent authorities responsible for the prudential supervision of entities of a cross-border …

Competent authorities responsible for the prudential supervision of entities of a cross-border group should – when imposing supervisory or administrative measures, including sanctions, on institutions for their failure to address deficiencies related to ML/TF risks adequately – liaise with the relevant AML/CFT supervisors in accordance with section 8 of the AML/CFT Cooperation Guidelines60 , and – in line with the respective authorities’ mandates and functions

  • – consider the most appropriate prudential supervisory measures to address these deficiencies and risks in addition to any measures taken by the AML/CFT supervisors.

60 EBA AML/CFT Cooperation Guidelines (EBA/GL/2021/15).

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.