commiss recommend decemb monitor control larg exposur credit institut eec commiss european commun regard treati establish european commun articl thereof introduct recommend pursuant aim set commiss white paper complet intern market advisori committe set articl council direct eec council direct decemb coordin law regul administr provis relat take pursuit busi credit institut assist commiss prepar recommend harmon provis larg exposur monitor control exposur credit institut integr part prudenti supervis excess concentr exposur singl client group connect client ami result unaccept degre risk concentr situat deem prejudici solvenc credit institut credit institut common bank market engag direct competit prudenti supervis requir commun serv enhanc confid public strengthen protect bank system reduc competit distort introduc gradual approxim report threshold exposur limit establish appli member state system monitor control larg exposur hand suppli compet author data requir assess risk encourag diversif hand provid cooper appli system compet author member state countri common standard monitor control exposur credit institut introduc initi recommend instrument chosen permit exist system adjust graduallli system establish caus disloc bank system commun implement provis recommend facilit acceler adopt futur direct monitor control larg exposur standard contain recommend appli credit institut author commun exist member state specif nation legisl administr provis cater oper requir special credit institut institut subject similar restrict provis applic abovement common standard defer time spezial institut brought scope recommend provid defer afford institut competit advantag pend implement council direct eec annual consilid account bank financi institut pend harmon prudenti return account techniqu regard calcul exposur left judgment member state indic list element constitut exposur provid appendix attach text recommend pend coordin member state appli discret weight absolut element member state expect includ element broadli similar natur group connect client defin hand provis council direct eec appli bank financi institut accord abovement direct eec hand term financi econom interdepend threshold exposur limit suggest weight prescrib recommend repres initi stage harmon process member state appli stringent requir report period stipul recommend requir credit institut provid data exposur annual suggest compet author seek frequent report line normal prudenti requir recommend member state monitor control larg exposur credit institut accord provis contain attach annex inform commiss month notif recommend text main law regul administr provis sdopt respect recommend inform commiss field recommend address member state brussel decemb commiss cockfield vice presid document oj oj oj annex monitor control larg exposur credit institut articl definit purpos recommend credit institut defin accord indent articl council direct eec compet author defin accord indent articl council direct eec public author defin accord indent articl commiss direct eec exposur mean facil grant drawn undrawn credit institut client group connect client balanc sheet includ commit conting item deem relev respect compet author assess identifi risk institut indic list exposur appendix recommend fund defin accord group connect client mean person natur legal hold exposur credit institut subsidiari joint separ basi mutual hold directli indirectli power control defin articl direct eec ii cumul exposur repres credit institut singl risk interconnect likelihood experi financi problem encount repay difficulti interconnect credit institut consider common ownership common director cross guarante direct commerci interdepend substitut short term interconnect observ sound practic assess commit singl risk articl scope subject paragraph recommend appli credit institut defin articl member state appli recommend credit institut list articl direct eec revis direct eec institut member state defin articl direct eec affili central bodi member state case prejudic applic recommend central bodi constitut central bodi affili institut subject consolid supervis regard larg exposur pend coordin member state defer scope recommend special credit institut oper govern specif nation legisl administr provis relat inter alia monitor control larg exposur categori credit institut report commiss month notif recommend articl report larg exposur report larg exposur provid paragraph exposur provid paragraph applic made credit institut compet author annual exposur credit institut client group connect cleint consid larg exposur reach exceed fund member state credit inform exchang system member state system compli requir paragraph larg exposur exist credit institut compet author requir report mention paragraph includ minimum exposur highest percentag report credit institut submit credit inform exchang system member state consid meet requir detail articl provid credit inform exchang system oper monitor compet author public author report compet author ii exposur consolid credit institut credit inform exchang system compet author iii data submit credit inform exchang system broadli correspond definit exposur defin articl fourth indent articl limit larg exposur credit institut incur exposur client group connect client percentag exce fund credit institut incur larg exposur aggreg exce fund limit refer paragraph exceed except circumst case compet author requir credit institut increas volum fund remedi measur compet author fulli partial exempt applic paragraph client group connect client public author member state countri list industri countri compil imf statist purpos ii institut european commun intern public bodi relev member state member compet author fulli partial exempt applic paragraph exposur secur explicit irrevoc guarante pledg organ mention paragraph exposur secur cash deposit list secur provid calcul prudent manner compet author exempt applic recommend interbank exposur matur month notwithstand limit detail paragraph compet author prescrib higher limit altern wieght remain interbank exposur exposur cover guarante credit institut articl countri compet author branch head offic countri requir branch exposur report order monitor control applic paragraph subject bilater agreement respect compet author order facilit principl home countri control member state appli branch credit institut head offic countri provis place branch favour posit branch credit institut head offic commun applic recommend credit institut parent undertak head offic countri credit institut situat countri parent institut head offic commun subject bilater agreement basi reciproc compet author member state countri concern agreement seek ensur member state compet author obtain inform enabl larg exposur credit institut commun particip commun monitor control compet author countri obtain inform enabl parent compani head offic territori particip credit institut situat member state supervis prior enter negoti connect agreement countri member state inform commiss advisori committe set articl direct eec commiss undertak coordin polici object pursu negoti purpos seiz advisori committe articl consolid exposur credit institut particip defin articl indent direct eec credit institut financi institut monitor control consolid basi extent manner requir prescrib member state appli direct eec addit requir paragraph compet author member state monitor control exposur individu credit institut partial consolid consolid basi articl facilit measur member state ensur legal impedi prevent credit financi institut suppli credit institut particip inform monitor control larg exposur accord recommend member state permit exchang compet author inform monitor control larg exposur effect accord recommend understood case financi institut collect possess inform impli supervisori function exercis financi institut compet author exchang inform compet author provid recommend subject oblig profession secreci set articl direct eec inform exclus purpos monitor control solvenc relev credit institut appli recommend credit institut compet author member state specif case verifi inform credit financi institut member state compet author member state verif carri author receiv request framework compet act carri verif allow author made request carri allow auditor expert carri articl transit provis relat exposur excess limit time entri effect measur appli recommend credit institut incur exposur exposur exceed larg exposur limit aggreg larg exposur limit refer articl compet author step bring line exposur exposur credit institut concern accord provis recommend process bring line exposur exposur drawn adopt implement complet time compet author deem prudenti sound competit fair compet author inform commiss time schedul gener implement process adopt oj oj oj context assess exposur risk extrem difficult provid unambigu succinct legal waterlight definit constitu group connect client absolut manag credit insitut determin situat financi legal econom interdepend exist custom oj appendix definit term exposur supplementari inform item detail indic list element member state includ term exposur pend coordin member state discret fix weight element list commiss recommend element contain section weight list indic consid comprehens commiss expect member state includ term exposur element broadli similar charact balanc sheet item loan advanc includ overdraft bill promissori note leas share secur loan stock certif deposit balanc sheet item guarante similar conting liabil accept endors bill carri credit institut guarante form credit substitut documentari credit issu confirm transact recours warrante indemn includ tender perform bond custom tax bond irrevoc standbi letter credit ii commit asset sale repurchas agreement asset purchas outright forward purchas agreement unpaid portion partli paid share secur standbi facil irrevoc revolv line credit underwrit includ note issuanc facil revolv underwrit facil irrevoc undrawn overdraft facil commit lend purchas secur provid guarante accept facil