EBA: consultation to identify shadow banking entities
On 26th of July 2021, the EBA launched a public consultation on draft regulatory standards (RTS) setting out the criteria for the identification pf shadow banking entities for the purpose of reporting large exposures.
The draft RTS addresses the following three main legal provisions:
- Criteria for identifying both shadow banking and non-shadow banking entities;
- Definition of banking activities and services;
- Criteria for excluding entities established in third countries from being deemed as shadow banking entities.
In this alert you will read more about the shadow banking activities and how EBA will identify them.