18. For this purpose competent authorities should take into account the following criteria: a) the …

For this purpose competent authorities should take into account the following criteria:

• a) the expected size of the balance sheet of the applicant credit institution and its subsidiaries within the scope of prudential consolidation, as applicable;
• b) the expected geographical presence of the applicant credit institution and the size of its operations in each jurisdiction;
• c) the legal form of the applicant credit institution, including whether the credit institution is part of a group;
• d) whether the institution is listed or not;
• e) the type of planned activities and services performed by the applicant credit institution (e.g. see also Annex 1 to Directive 2013/36/EU and Annex 1 to Directive 2014/65/EU);
• f) the business model (including its innovative character, uniqueness or complexity) and strategy, as well as the expected level of risk stemming from the implementation and execution; the nature and complexity of the targeted business activities;
• g) the credit institution’s organisational structure;
• h) the envisaged risk strategy, risk appetite and risk profile of the applicant credit institution;
• i) the ownership and funding structure of the applicant credit institution;
• j) the type of clients (e.g. retail, corporate, institutional, small businesses, public entities) and the complexity of the envisaged products or contracts;
• k) the envisaged outsourced functions and distribution channels;
• l) the existing and/or planned information technology (IT) systems, including continuity systems and outsourcing functions in this area;
• m) whether the applicant credit institution belongs to a group which is subject to the consolidated supervision of the competent authority;
• n) whether the applicant credit institution submits an application for specific activities only, or an existing credit institution applies for an extension of the scope of the authorisation whenever the authorisation has exclusively been granted for the exercise of specific activities;
• o) the consistency with the type and breadth of information required pursuant to the RTS on information for authorisation .

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/