55. As part of the assessment for granting the authorisation as a credit institution, competent …

As part of the assessment for granting the authorisation as a credit institution, competent authorities should also consider whether the granting of an authorisation as a credit institution is required by the underlying situation and current circumstances of the applicant credit institution. They should assess the adequacy and necessity of the authorisation as a credit institution, having regard to the activities that the applicant credit institution intends to carry out.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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