EBA Finalizes New Standards For EU Bank Approvals

Law360, London (July 17, 2017, 3:17 PM BST) -- The European Banking Authority on Friday warned banks seeking a license to operate in European Union countries that they will need to submit additional and extensive detail about their operations, organization and a number of other areas in order to comply with new regulatory standards.

The EBA said it developed the standardized requirements at the EU level to help national regulators better assess the business models and associated risk profiles of banks hoping for authorization. Under the finalized framework, which also takes into account differences in...
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