404. In accordance with Article 39(2), point (k) of Directive (EU) 2019/2034 competent authorities …

In accordance with Article 39(2), point (k) of Directive (EU) 2019/2034 competent authorities may require action to be taken to amend the investment firm’s funding profile, including:

• a. reducing its dependency on certain (potentially volatile) funding markets, such as wholesale funding;
• b. reducing the concentration of its funding profile with respect to counterparties, peaks in the long-term maturity profile, (mismatches in) currencies; and/or
• c. reducing the amount of its encumbered assets, potentially differentiating between total encumbrance and overcollateralization.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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