83. In accordance with Article 109(2) of Directive 2013/36/EU, parent undertakings and subsidiaries …

In accordance with Article 109(2) of Directive 2013/36/EU, parent undertakings and subsidiaries subject to that directive should ensure that governance arrangements, processes and mechanisms are consistent and well integrated on a consolidated or sub-consolidated basis. To this end, parent undertakings and subsidiaries within the scope of prudential consolidation should implement such arrangements, processes and mechanisms in their subsidiaries not subject to Directive 2013/36/EU, including those established in third countries, including in offshore financial centres, to ensure robust governance arrangements on a consolidated and sub-consolidated basis. With regard to remuneration requirements some exceptions in line with Article 109 (4) and (5) apply³¹ . Competent functions within the consolidating institution and its subsidiaries should interact and exchange data and information as appropriate. The governance arrangements, processes and mechanisms should ensure that the consolidating institution has sufficient data and information and is able to assess the group-wide risk profile, as detailed in Section 6.2.

³¹ Please refer also to the EBA guidelines on sound remuneration policies

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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