113. The management body should set out the applicable decision-making processes for granting loans …

The management body should set out the applicable decision-making processes for granting loans and entering into other transactions with members of the management body and their related parties. This framework may provide for a differentiation between standard business transactions³¹ entered into in the ordinary course of business and concluded on normal market terms and staff transactions, which are concluded subject to conditions available to all staff. Furthermore, the conflicts of interest framework and decision-making process may differentiate between material and non-material loans or other material transactions, different types of loans and other transactions and the level of actual or potential conflicts of interest they may create.

³¹ Business transactions include loan leasing, factoring, services in the context of initial public offerings (IPOs), mergers and acquisitions and buying and selling property.

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/