+Guidelines on Connected Clients (EBA/GL/2017/15)
---+1. Compliance and reporting obligations
------+Status of these guidelines
---------+1. This document contains guidelines issued pursuant to Article 16 of Regulation (EU) No 1093/2010. …
---------+2. Guidelines set out the EBA’s view of appropriate supervisory practices within the European …
------+Reporting requirements
---------+3. In accordance with Article 16(3) of Regulation (EU) No 1093/2010, competent authorities must …
---------+4. In the absence of any notification by this deadline, competent authorities will be considered by …
---------+5. Notifications will be published on the EBA website, in line with Article 16(3).
---+2. Subject matter, scope and definitions
------+Subject matter
---------+6. These guidelines specify the approach institutions, as defined under point (3) of Article 4(1) …
------+Addressees
---------+7. These guidelines are addressed to competent authorities as defined in point (i) of Article 4(2) …
------+Definitions
---------+8. Unless otherwise specified, terms used and defined in Regulation (EU) No 575/2013 and Directive …
---+3. Implementation
------+Date of application
---------+9. These guidelines apply from 1 January 2019.
------+Repeal
---------+10. The CEBS ‘Guidelines on the implementation of the revised large exposures regime’, of 11 …
---+4. Groups of connected clients based on control
---+5. Alternative approach for exposures to central governments
------+16. In line with the definition of ‘group of connected clients’ under the second last subparagraph …
------+17. The same provision allows for a partial application of the alternative approach, assessing …
------+18. The provision also makes clear that: a) The central government is included in each of the …
------+19. Where the entities directly controlled by or directly interconnected with the central …
------+20. In line with the last sentence of the second last subparagraph of Article 4(1)(39) of …
---+6. Establishing interconnectedness based on economic dependency
---+7. Relation between interconnectedness through control and interconnectedness through economic dependency
---+8. Control and management procedures for identifying connected clients
------+34. Institutions should have a thorough knowledge of their clients and their clients’ …
------+35. Identification of possible connections among clients should be an integral part of an …
------+36. Institutions should identify all control relationships among their clients and document as …
------+37. The efforts that institutions put into the investigation of economic dependencies among their …
------+38. To assess grouping requirements based on a combination of control and economic dependency …
------+39. Control and management procedures for identifying connected clients should be subject to …
---+Annex
------+Groups of connected clients based on control
---------+Scenario C 1: Exceptional case (no single risk exists despite the existence of control)
------+Alternative approach for exposures to central governments
---------+Scenario CG 1: Alternative approach – partial use
---------+Scenario CG 2: Alternative approach – used for all directly dependent entities
---------+Scenario CG 3: Alternative approach – applicable on ‘first/second level’, not below
---------+Scenario CG 4: ‘Horizontal connections’ on the ‘second level’
------+Establishing interconnectedness based on economic dependency
---------+Scenario E1: Main case
---------+Scenario E3: Overlapping groups of connected clients
---------+Scenario E4: Chain of dependency
---------+Scenario E5: Reporting institution as source of funding (no grouping requirement)
------+Relation between interconnectedness through control and interconnectedness through economic dependency
---------+dependency)
---------+dependency)
---------+Scenario C/E 3: Downstream contagion
---------+Scenario C/E 4: Upstream contagion
------+Control and management procedures for identifying connected clients
---------+Scenario Mm 1: Limits to the identification of a chain of contagion
------+B A
------+A A B
------+B B
 English - European Union - Financial Industry -

Guidelines on Connected Clients (EBA/GL/2017/15)

Guidelines on Connected Clients (EBA/GL/2017/15)

Consolidated version.

https://www.eba.europa.eu/activities/single-rulebook/regulatory-activities/large-exposures/guidelines-connected-clients – PDF

1. Ħarsa ġenerali

,
1. Compliance and reporting obligations

1. Compliance and reporting obligations
2. Subject matter, scope and definitions

2. Subject matter, scope and definitions
3. Implementation

3. Implementation
4. Groups of connected clients based on control

[Paragraphs 11 to 15 of Section 4 have been repealed since its content is now in Article 1 of Commission Delegated Regulation (EU) 2024/1728]
5. Alternative approach for exposures to central governments

5. Alternative approach for exposures to central governments
6. Establishing interconnectedness based on economic dependency

[Paragraphs 21 to 30 of Section 6 have been repealed since its content is now in Article 2 of Commission Delegated Regulation (EU) 2024/1728]
7. Relation between interconnectedness through control and interconnectedness through economic dependency

[Paragraphs 31 to 33 of Section 7 have been repealed since its content is now in Article 3 of Commission Delegated Regulation (EU) 2024/1728]
8. Control and management procedures for identifying connected clients

8. Control and management procedures for identifying connected clients
Annex

The scenarios included in this annex illustrate the application of Commission Delegated Regulation (EU) 2024/1728, as well as the guidelines to groups of connected clients falling under the definition in Article 4(1)(39) of Regulation (EU) No 575/2013, from the perspective of the reporting institution.

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

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