EBA publishes final standards for third-country branch booking
The European Banking Authority (EBA) has published its final Regulatory Technical Standards (RTS) for booking arrangements of third-country branches under the Capital Requirements Directive (CRD). The standards provide clarity and harmonize supervisory practices across the EU.
Defining Bookkeeping Standards
The RTS define the methodology for identifying and recording assets and liabilities, including off-balance sheet items, for third-country branches, and specify the minimum content for a precise track record.
Risk Data and Legal Basis
The RTS detail the risk data and associated risk management measures for branch activities.
Mandated by CRD Article 48h, these standards are part of a new harmonized regime for third-country branches.