council direct eec decemb monitor control larg exposur credit institut council european commun regard treati establish european econom commun sentenc articl thereof regard propos commiss cooper european parliament regard opinion econom social committe direct framework aim set commiss white paper complet intern market essenti rule monitor larg exposur credit institut harmon member state adopt provis stringent provid direct direct subject consult bank advisori committe articl council direct eec decemb coordin law regul administr provis relat take pursuit busi credit institut respons make suggest commiss view coordin coeffici applic member state monitor control credit institut exposur integr part supervis excess concentr exposur singl client group connect client result unaccept risk loss situat consid prejudici solvenc credit institut common guidelin monitor control credit institut larg exposur initi introduc commiss recommend eec instrument chosen permit gradual adjust exist system establish system disloc commun bank system phase bind instrument applic commun credit institut adopt unifi bank market credit institut engag direct competit monitor requir commun equival end criteria appli determin concentr exposur subject legal bind rule commun level left discret member state adopt common rule serv communtii interest prevent differ condit competit strengthen commun bank system precis account techniqu assess exposur refer made council direct eec decemb annual account consolid account bank financi institut council direct eec decemb solvenc ratio credit institut includ list credit risk incur credit institut list definit exposur purpos direct refer principl weight degre risk laid direct weight degre risk devis purpos establish gener solvenc requir cover credit risk credit institut context regul larg exposur aim limit maximum loss credit institut incur singl client group connect client adopt prudent approach gener rule account nomin exposur weight degre risk appli credit institut incur exposur parent undertak subsidiari ti parent undertak prudenc manag exposur incur credit institut carri fulli autonom manner accord principl sound bank manag regard consider principl council direct eec decemb coordin law regul administr provis relat take pursuit busi credit institut requir influenc exercis person directli indirectli hold qualifi particip credit institut oper detriment sound prudent manag institut compet author measur put end situat field larg exposur specif standard laid exposur incur credit institut group case stringent restrict justifi exposur stringent restrict appli parent undertak financi hold compani credit institut subsidiari credit financi institut undertak offer ancillari bank servic provid undertak cover supervis credit institut consolid basi case consolid monitor group undertak adequ level supervis requir imposit stringent limit exposur approach bank group encourag organ structur consolid monitor desir comprehens level monitor order ensur harmoni applic direct member state allow provid stage applic limit smaller credit institut longer transit period warrant rapid applic rule reduc lend activ abruptli implement power type council reserv direct eec fund credit institut grant commiss direct eec take account specif characterist sector question give committe set articl direct eec role assist commiss exercis power confer procedur laid articl procedur iii variant council decis eec juli lai procedur exercis implement power confer commiss regard monitor larg exposur activ princip expos market risk coordin monitor method ensur commun act capit adequaci invest firm credit institut impli commun legisl aforement larg exposur adopt monitor larg exposur relat activ princip expos market risk trade portfolio underwrit commit issu secur claim relat settlement secur transact left compet author member state adopt direct articl definit purpos direct credit institut credit institut defin indent articl direct eec includ credit institut branch countri privat public undertak includ branch satisfi definit indent articl direct eec author countri compet author compet author defin ninth indent articl council direct eec april supervis credit institut consolid basi parent undertak parent undertak defin seventh indent articl direct eec subsidiari undertak subsidiari undertak defin eighth indent articl direct eec financi hold compani financi hold compani defin indent articl direct eec financi institut financi institut defin indent articl direct eec ancillari bank servic undertak undertak defin indent articl direct eec exposur asset balanc sheet item refer articl direct eec annex iii thereto applic weight degre risk provid risk refer aforement annex iii calcul accord method set annex ii direct applic weight counter parti risk element cover fund agreement compet author exclud definit exposur provid fund includ calcul solvenc ratio monitor ratio provid commun act exposur includ case foreign exchang transact exposur incur ordinari settlement hour payment case transact purchas sale secur exposur incur ordinari settlement work dai payment deliveri secur whichev earlier zone zone refer indent articl direct eec zone zone refer indent articl direct eec fund fund credit institut defin direct eec control relationship parent undertak subsidiari defin articl direct eec similar relationship natur legal person undertak group connect client natur legal person shown constitut singl risk directli indirectli control natur legal person relationship control defin indent regard constitut singl risk interconnect experi financi problem encount repay difficulti articl scope direct appli credit institut obtain author refer articl direct eec member state appli direct institut list articl direct eec institut member state defin articl direct eec affili central bodi establish member state provid prejudic applic direct central bodi constitut central bodi affili institut subject global monitor articl report larg exposur credit institut exposur client group connect client consid larg exposur equal exce fund credit institut report larg exposur mean paragraph compet author member state provid report carri discret accord method report larg exposur year combin report year larg exposur increas exist larg exposur respect previou commun report larg exposur time year exposur exempt articl report laid paragraph report frequenc laid indent paragraph reduc year exposur refer articl compet author requir credit institut sound administr account procedur adequ intern control mechan purpos identifi record larg exposur subsequ defin requir direct monitor exposur light credit institut exposur polici credit institut invok paragraph record ground advanc year event give rise dispens compet author establish justifi articl limit larg exposur credit institut incur exposur client group connect client exce fund client group connect client parent undertak subsidiari credit institut subsidiari parent undertak percentag laid paragraph reduc member state exempt exposur incur client limit provid specif monitor exposur measur procedur inform commiss bank advisori committe content measur procedur credit institut incur larg exposur total exce fund member state impos limit stringent laid paragraph credit institut time compli limit laid paragraph respect exposur except case exposur exce limit fact report delai compet author circumst warrant credit institut limit period time compli limit member state fulli partial exempt applic paragraph exposur incur credit institut parent undertak subsidiari parent undertak subsidiari undertak cover supervis consolid basi credit institut subject accord direct eec equival standard forc countri member state fulli partial exempt exposur applic paragraph asset item constitut claim zone central govern central bank asset item constitut claim european commun asset item constitut claim carri explicit guarante zone central govern central bank european commun exposur attribut guarante zone central govern central bank european commun asset item constitut claim exposur zone central govern central bank denomin applic fund nation currenc borrow asset item exposur secur satisfact compet author collater form zone central govern central bank secur secur issu european commun member state region local author articl direct eec lai weight solvenc purpos asset item exposur secur satisfact compet author collater form cash deposit lend institut credit institut parent undertak subsidiari lend institut asset item exposur secur satisfact compet author collater form certif deposit issu lend institut credit institut parent undertak subsidiari lend institut lodg asset item constitut claim exposur credit institut matur year constitut institut fund defin direct eec asset item constitut claim exposur institut credit institut fulfil condit refer articl direct eec matur year secur accord paragraph bill trade similar bill matur year bear signatur credit institut debt secur defin articl direct eec pend subsequ coordin hold insur compani refer articl direct eec fund credit institut acquir hold asset item constitut claim region central credit institut lend institut network accord legal statutori provis respons provis cash clear oper network exposur secur satisfact compet author collater form secur refer provid secur issu credit institut parent compani subsidiari client group connect client question secur collater valu market price exce exposur guarante trade stock exchang effect negoti regularli quot market oper auspic recogn profession oper allow satisfact compet author member state origin credit institut establish object price excess secur verifi time excess requir case share case debt secur issu credit institut member state region local author refer articl direct eec case debt secur issu european invest bank multilater develop bank defin articl direct eec secur collater constitut credit institut fund defin direct eec loan secur satisfact compet author mortgag residenti properti leas transact lessor retain full ownership residenti properti leas long lesse exercis option purchas case residenti properti concern properti calcul satisfact compet author basi strict valuat standard laid law regul administr provis valuat carri year purpos subparagraph residenti properti resid occupi borrow medium low risk balanc sheet item refer annex direct eec subject compet author agreement guarante loan guarante legal regulatori basi member mutual guarante scheme possess statu credit institut defin articl subject weight amount member state inform commiss make option order ensur result distort competit year adopt direct commiss submit council report accompani propos low risk balanc sheet item refer annex direct eec extent agreement conclud client group connect client exposur incur ascertain limit applic paragraph exceed purpos paragraph member state appli weight asset item constitut claim member state region local author exposur guarante author subject condit laid articl direct eec member state reduc rate purpos paragraph member state appli weight asset item constitut claim exposur credit institut matur year weight asset item constitut claim credit institut matur year provid repres debt instrument issu credit institut debt instrument opinion compet author effect negoti market made profession oper subject daili quotat market issu author compet author member state origin issu credit institut case item constitut fund mean direct eec derog paragraph member state appli weight asset item constitut claim exposur credit institut matur exposur client guarante parti collater form secur issu parti condit laid paragraph member state treat exposur incur parti client exposur directli uncondition guarante parti satisfact compet author treat exposur incur parti client exposur defin paragraph guarante collater condit laid year date refer articl council basi report commiss examin treatment interbank exposur provid paragraph council decid made propos commiss articl supervis consolid unconsolid basi credit institut parent undertak subsidiari complianc oblig impos articl commun provis applic area monitor unconsolid basi case complianc oblig impos articl commun provis applic area monitor consolid basi accord direct eec member state waiv monitor individu subconsolid basi complianc oblig impos articl commun provis applic area credit institut parent undertak subject monitor consolid basi subsidiari credit institut subject author supervis cover monitor consolid basi member state waiv monitor parent undertak financi hold compani establish member state credit institut provid compani subject monitor credit institut case refer subparagraph measur ensur satisfactori alloc risk group credit institut parent undertak credit institut author regist offic member state compet author grant author requir complianc oblig impos articl commun provis applic area individu basi subconsolid basi notwithstand paragraph compet author respons author subsidiari parent undertak credit institut author regist offic member state bilater agreement transfer respons monitor complianc oblig impos articl commun provis applic area compet author author monitor parent undertak commiss bank advisori committe inform exist content agreement articl transit provis relat exposur excess limit direct publish offici journal european commun credit institut incur exposur exposur exceed larg exposur limit aggreg larg exposur limit laid direct compet author requir credit institut concern step exposur exposur brought limit laid direct process exposur exposur brought author limit devis adopt implement complet period compet author consist principl sound administr fair competit compet author inform commiss bank advisori committe schedul gener process adopt credit institut measur exposur refer paragraph exce level date public direct offici journal european commun period applic paragraph expir decemb exposur longer matur lend institut bound observ contractu term continu matur decemb member state increas limit laid articl limit laid articl case subject paragraph time limit bring exposur exist end period limit laid articl expir decemb case credit institut fund defin articl direct eec exce ecu million case institut member state extend time limit laid paragraph year member state avail option provid paragraph step prevent distort competit inform commiss bank advisori committe thereof case refer paragraph exposur consid larg exposur equal exce fund decemb member state substitut frequenc year frequenc notif larg exposur refer indent articl member state fulli partial exempt applic articl exposur incur credit institut consist mortgag loan defin articl direct eec conclud year date laid articl direct properti leas transact defin articl direct eec conclud year date laid articl direct case properti concern prejudic paragraph portug decemb fulli partial exempt applic articl exposur incur credit institut electricidad de portug edp petrog articl subsequ amend technic amend point adopt accord procedur laid paragraph clarif definit account develop financi market clarif definit ensur uniform applic direct align terminolog word definit subsequ instrument credit institut relat matter clarif exempt provid articl commiss assist committe provid subparagraph articl direct eec commiss repres submit committe draft measur committe deliv opinion draft time limit chairman lai urgenc matter opinion deliv major laid articl treati case decis council requir adopt propos commiss vote member state repres committe weight laid articl chairman vote commiss adopt measur envisag accord committe opinion measur envisag accord committe opinion opinion deliv commiss delai submit council propos measur council act qualifi major council act month referr commiss adopt measur propos council decid measur simpl major articl final provis member state bring forc law regul administr provis compli direct januari forthwith inform commiss thereof member state adopt measur includ refer direct accompani refer occas offici public manner refer made laid member state member state commun commiss text main provis nation law adopt field govern direct pend commun legisl monitor consolid consolid basi larg exposur activ princip expos market risk member state deal larg exposur accord method determin regard natur risk involv articl direct address member state brussel decemb council presid hurd oj oj oj oj oj oj direct amend direct eec oj oj oj oj oj direct amend direct eec oj oj oj oj oj direct amend direct eec oj