123. Competent authorities should ensure that EU/EEA financial entities are not operating as an …

Competent authorities should ensure that EU/EEA financial entities are not operating as an ‘empty shell’, including situations where financial entities use back -to-back transactions or intragroup transactions to transfer part of the market risk and credit risk to a non-EU/EEA entity, and should ensure that they have appropriate governance and risk management arrangements in place to identify and manage their risks.

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/