direct ec european parliament council march relat take pursuit busi credit institut european parliament council european union regard treati establish european commun sentenc articl thereof regard propos commiss regard opinion econom social committe act accord procedur laid articl treati council direct eec june abolit restrict freedom establish freedom provid servic respect emploi activ bank financi institut council direct eec decemb coordin law regul administr provis relat take pursuit busi credit institut council direct eec april fund credit institut council direct eec decemb coordin law regul administr provis relat take pursuit busi credit institut council direct eec decemb solvenc ratio credit institut council direct eec april supervis credit institut consolid basi council direct eec decemb monitor control larg exposur credit institut frequent substanti amend reason clariti ration direct codifi combin singl text pursuant treati discriminatori treatment regard establish provis servic base nation fact undertak establish member state servic provid prohibit order make easier pursu busi credit institut elimin obstruct differ law member state rule institut subject direct constitut essenti instrument achiev intern market determin singl european act set timet form commiss white paper point view freedom establish freedom provid financi servic field credit institut measur coordin credit institut order protect save creat equal condit competit institut appli due regard applic object differ statut proper aim laid nation law scope measur broad cover institut busi receiv repay fund public form deposit form continu issu bond compar secur grant credit account except provid case credit institut direct appli provis direct prejudic applic nation law provid special supplementari authoris permit credit institut carri specif activ undertak specif kind oper approach adopt achiev essenti harmonis suffici secur mutual recognit authoris prudenti supervis system make grant singl licenc recognis commun applic principl home member state prudenti supervis requir programm oper produc factor enabl compet author decid basi precis inform object criteria measur flexibl requir legal form credit institut protect bank name equival financi requir credit institut ensur similar safeguard saver fair condit competit compar group credit institut pend coordin structur ratio formul make framework cooper nation author observ accord standard method posit compar type credit institut procedur bring gradual approxim system coeffici establish appli member state make distinct coeffici intend ensur sound manag credit institut establish purpos econom monetari polici principl mutual recognit home member state supervis requir member state compet author grant withdraw authoris factor content activ programm geograph distribut activ carri credit institut opt legal system member state purpos evad stricter standard forc member state territori carri intend carri greater part activ credit institut legal person authoris member state regist offic credit institut legal person head offic member state authoris addit member state requir credit institut head offic situat home member state oper compet author authoris continu authoris credit institut liabl prevent effect exercis supervisori function close link institut natur legal person credit institut authoris satisfi compet author respect definit quot close link quot direct lai minimum criteria prevent member state appli situat envisag definit sole fact acquir signific proport compani capit constitut particip mean quot close link quot hold acquir sole temporari invest make exercis influenc structur financi polici institut refer supervisori author effect exercis supervisori function cover supervis consolid basi exercis credit institut provis commun law provid case author appli authoris identifi author compet exercis supervis consolid basi credit institut home member state establish rule stricter laid articl subparagraph articl institut authoris compet author abolit authoris requir respect branch commun credit institut necessit abolit endow capit virtu mutual recognit approach chosen permit credit institut authoris home member state carri commun activ list annex establish branch provid servic carri activ list annex enjoi establish freedom provid servic gener provis treati extend mutual recognit activ list annex carri financi institut subsidiari credit institut provid subsidiari cover consolid supervis parent undertak meet strict condit host member state connect exercis establish freedom provid servic requir complianc specif provis nation law regul part institut authoris credit institut home member state regard activ list annex provid hand provis compat commun law intend protect gener good hand institut activ subject equival rule legisl regul home member state member state ensur obstacl carri activ receiv mutual recognit manner home member state long conflict legal provis protect gener good host member state link object direct liberalis capit movement brought commun legisl case measur liberalis bank servic harmoni measur liberalis capit movement rule govern branch credit institut head offic commun analog member state import present time provid rule favour branch institut member state commun conclud agreement countri provid applic rule accord branch treatment territori account principl reciproc branch credit institut authoris countri enjoi freedom provid servic paragraph articl treati freedom establish member state establish request authoris subsidiari acquisit hold made undertak govern law countri subject procedur intend ensur commun credit institut receiv reciproc treatment countri question authoris grant credit institut compet nation author pursuant direct commun wide longer nationwid applic exist reciproc claus effect flexibl procedur need make assess reciproc commun basi aim procedur close commun financi market commun intend financi market open rest world improv liberalis global financi market countri end direct procedur negoti countri resort possibl take measur involv suspens applic authoris restrict authoris desir agreement reach basi reciproc commun countri view allow practic exercis consolid supervis largest geograph area respons supervis financi sound credit institut solvenc rest compet author home member state host member state compet author retain respons supervis liquid monetari polici supervis market risk subject close cooper compet author home host member state smooth oper intern bank market requir legal rule close regular cooper compet author member state consider problem individu credit institut quot group de contact quot contact group set bank supervisori author remain forum group suitabl bodi mutual exchang inform provid articl mutual inform procedur case replac bilater collabor establish articl compet host member state author prejudic power proper control continu emerg initi initi compet home member state author verifi activ credit institut establish territori compli relev law principl sound administr account procedur adequ intern control exchang inform compet author author bodi virtu function strengthen stabil financi system order preserv confidenti natur inform forward list addresse remain strict limit behaviour fraud insid offenc liabl affect stabil includ integr financi system involv institut credit institut condit exchang inform authoris stipul inform disclos express agreement compet author make agreement subject complianc strict condit exchang inform hand compet author central bank bodi similar function capac monetari author public author respons supervis payment system authoris purpos strengthen prudenti supervis credit institut protect client credit institut stipul auditor duti report promptli compet author provid direct awar carri task fact liabl effect financi situat administr account organis credit institut regard aim view desir member state provid duti appli circumst fact discov auditor perform task undertak close link credit institut duti auditor commun compet author fact decis credit institut discov perform task financi undertak chang natur task undertak manner perform task undertak common basic standard fund credit institut kei factor creation intern bank market fund serv ensur continu credit institut protect save harmonis strengthen supervis credit institut contribut coordin bank sector standard appli credit institut authoris commun fund credit institut serv absorb loss match suffici volum profit fund serv import yardstick compet author assess solvenc credit institut prudenti purpos credit institut intern bank market engag direct competit definit standard pertain fund equival end criteria determin composit fund left sole member state adopt common basic standard interest commun prevent distort competit strengthen commun bank system definit fund laid direct maximum item qualifi amount leav discret member state item adopt lower ceil qualifi amount direct specifi qualifi criteria fund item member state remain free appli stringent provis initi stage common basic standard defin broad term order encompass item make fund member state natur item make fund direct distinguish hand item constitut origin fund constitut addit fund reflect fact item constitut addit fund natur constitut origin fund amount includ fund exce origin fund amount item addit fund includ exce half origin fund order avoid distort competit public credit institut includ fund guarante grant member state local author supervis determin amount consolid fund group credit institut calcul effect accord direct precis account techniqu calcul fund solvenc ratio assess concentr exposur account provis council direct eec decemb annual account consolid account bank financi institut incorpor adapt provis council direct eec june base articl treati consolid account provis fund form part wider intern effort bring approxim rule forc major countri adequaci fund commiss draw report period examin aim tighten provis fund achiev greater converg common definit fund converg align commun credit institut fund provis solvenc ratio outcom work carri bank advisori committe respons make suggest commiss view coordin coeffici applic member state establish solvenc ratio plai central role supervis credit institut ratio weight asset balanc sheet item degre credit risk measur solvenc develop common standard fund relat asset balanc sheet item expos credit risk essenti aspect harmonis achiev mutual recognit supervis techniqu complet intern bank market respect provis solvenc ratio consid conjunct specif instrument harmonis fundament techniqu supervis credit institut intern bank market institut requir enter direct competit common solvenc standard form minimum ratio prevent distort competit strengthen commun bank system direct weight guarante issu financi institut commiss undertak examin direct significantli distort competit credit institut insur undertak light examin remedi measur justifi annex iii lai treatment balanc sheet item context calcul credit institut capit requir view smooth function intern market view ensur level plai field member state oblig strive uniform assess contractu net agreement compet author annex iii take account work intern forum bank supervisor supervisori recognit bilater net possibl calcul fund requir transact basi net gross amount provid legal bind agreement ensur credit risk confin net amount internation activ credit institut group credit institut wide rang countri compet commun credit institut rule adopt wider intern level result refin supervisori treatment counter otc deriv instrument refin result compulsori capit cover take account risk reduc effect supervisorili recognis contractu net agreement potenti futur credit risk clear otc deriv instrument provid clear hous act central counterparti plai import role member state recognis benefit clear term reduct credit risk relat system risk prudenti treatment credit risk current potenti futur exposur aris clear otc deriv contract fulli collateralis risk build clear hous exposur market post collater elimin order clear otc deriv grant transit period prudenti treatment exchang trade deriv compet author satisfi level initi margin variat margin requir qualiti level protect provid post collater credit institut incorpor member state annex iii creat similar possibl recognit bilater net compet author offer equal condit competit rule balanc reinforc applic prudenti supervisori measur credit institut compet author member state ensur calcul add on base effect appar nation amount minimum ratio provid direct reinforc capit credit institut commun level adopt statist survei capit requir forc begin essenti rule monitor larg exposur credit institut harmonis member state adopt provis stringent provid direct 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 intern 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 commun interest prevent differ condit competit strengthen commun bank system provis solvenc ratio credit institut includ list credit risk incur credit institut list definit exposur purpos limit larg exposur refer principl weight degre risk laid provis 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 parent undertak prudenc manag exposur incur credit institut carri fulli autonom manner accord principl sound bank manag regard consider principl provis direct 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 organis structur consolid monitor desir comprehens level monitor order effect supervis consolid basi appli bank group includ parent undertak credit institut compet author hold legal instrument exercis supervis case group diversifi activ parent undertak control credit institut subsidiari compet author assess financi situat credit institut group pend subsequ coordin member state lai method consolid achiev object direct compet author mean obtain undertak group inform perform function cooper author respons supervis financi sector establish case group undertak carri rang financi activ member state refus withdraw bank authoris case group structur consid inappropri carri bank activ structur supervis effect respect compet author power mention subparagraph articl articl point articl articl direct order ensur sound prudent manag credit institut member state equal appli supervis techniqu group structur cover direct structur common direct extend cover supervis consolid basi activ defin annex undertak princip engag activ includ supervis consolid basi result definit financi institut widen order cover activ direct eec direct eec establish rule consolid applic consolid account publish credit institut defin precis method prudenti supervis exercis consolid basi supervis credit institut consolid basi aim protect interest depositor institut ensur stabil financi system examin problem connect matter cover direct direct busi credit institut requir cooper compet author commiss bank advisori committe conduct view closer coordin bank advisori committe compet author member state rule form cooper author supervis take pursuit busi credit institut cooper quot group de contact quot contact group set bank supervisori author technic modif detail rule laid direct time time account develop bank sector commiss make modif consult bank advisori committe limit implement power confer commiss treati measur implement direct adopt accord council decis ec june lai procedur exercis implement power confer commiss articl direct permit joint commit borrow case credit institut organis cooper societi fund treat fund item articl danish govern express strong interest mortgag credit institut organis cooper societi fund convert public limit liabil compani order facilit convers make temporari derog allow includ part joint commit fund requir temporari derog advers affect competit credit institut applic weight credit institut hold mortgag bond unsettl nation financi market instrument plai preponder role case provision measur appli risk weight market securitis undergo rapid develop desir commiss examin member state prudenti treatment asset back secur put forward june propos aim adapt exist legisl order defin prudenti treatment asset back secur compet author authoris weight asset secur mortgag offic multipurpos commerci premis decemb properti mortgag relat subject rigor assess criteria regular revalu account develop commerci properti market properti occupi owner loan properti develop exclud weight order ensur harmoni applic provis larg exposur member state allow provid stage applic limit smaller credit institut longer transit period warrant rapid applic rule reduc lend activ abruptli harmonis condit relat reorganis wind credit institut proceed arrang supervis liquid risk harmonis direct affect oblig member state deadlin transposit set annex part adopt direct content gt tabl gt titl definit scope articl definit purpos direct quot credit institut quot undertak busi receiv deposit repay fund public grant credit account purpos appli supervis consolid basi consid credit institut credit institut paragraph privat public undertak correspond definit paragraph authoris countri purpos appli supervis control larg exposur consid credit institut credit institut paragraph includ branch credit institut countri privat public undertak includ branch correspond definit paragraph authoris countri quot authoris quot instrument issu form author carri busi credit institut grant quot branch quot place busi form legal depend part credit institut carri directli transact inher busi credit institut number place busi set member state credit institut headquart member state regard singl branch quot compet author quot nation author empow law regul supervis credit institut quot financi institut quot undertak credit institut princip activ acquir hold carri activ list point annex quot home member state quot member state credit institut authoris accord articl quot host member state quot member state credit institut branch servic quot control quot relationship parent undertak subsidiari defin articl direct eec similar relationship natur legal person undertak quot particip quot purpos supervis consolid basi ownership direct indirect vote right capit undertak quot qualifii hold quot direct indirect hold undertak repres capit vote right make exercis signific influenc manag undertak hold subsist quot initi capit quot capit defin articl quot parent undertak quot parent undertak defin articl direct eec purpos supervis consolid basi control larg exposur parent undertak mean articl direct eec undertak opinion compet author effect exercis domin influenc undertak quot subsidiari quot subsidiari undertak defin articl direct eec purpos supervis consolid basi control larg exposur subsidiari undertak mean articl direct eec undertak opinion compet author parent undertak effect exercis domin influenc subsidiari subsidiari undertak consid subsidiari undertak origin parent quot zone quot compris member state countri full member organis econom cooper develop oecd countri conclud special lend arrang intern monetari fund imf fund gener arrang borrow gab countri reschedul extern sovereign debt preclud zone period year quot zone quot compris countri zone quot zone credit institut quot credit institut authoris member state accord articl includ branch countri privat public undertak cover definit point subparagraph authoris zone countri includ branch quot zone credit institut quot privat public undertak authoris zone cover definit point subparagraph includ branch commun quot bank sector quot borrow credit institut defin point central govern central bank region govern local author european commun european invest bank eib multilater develop bank defin point quot multilater develop bank quot intern bank reconstruct develop intern financ corpor inter american develop bank asian develop bank african develop bank council europ resettl fund nordic invest bank caribbean develop bank european bank reconstruct develop european invest fund inter american invest corpor quot full risk medium risk medium low risk low risk balanc sheet item quot item articl list annex ii quot financi hold compani quot financi institut subsidiari undertak exclus credit institut financi institut subsidiari credit institut quot mix activ hold compani quot parent undertak financi hold compani credit institut subsidiari includ credit institut quot ancillari bank servic undertak quot undertak princip activ consist own manag properti manag data process servic similar activ ancillari princip activ credit institut quot exposur quot purpos appli articl asset balanc sheet item refer articl annex ii iv thereto applic weight degre risk provid risk refer annex iv calcul accord method set annex iii applic weight counterparti risk element cover fund agreement compet author exclud definit exposur provid fund includ calcul solvenc ratio monitor ratio provid direct 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 quot group connect client quot 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 quot close link quot situat natur legal person link particip ownership direct control vote right capit undertak control relationship parent undertak subsidiari case refer articl direct eec similar relationship natur legal person undertak subsidiari undertak subsidiari undertak consid subsidiari parent undertak head undertak situat natur legal person perman link person control relationship regard constitut close link person quot recognis exchang quot exchang recognis compet author function regularli ii rule issu approv author home countri exchang defin condit oper exchang condit access exchang condit satisfi contract effect dealt exchang iii clear mechan contract list annex iv subject daili margin requir provid protect opinion compet author articl scope direct concern take pursuit busi credit institut direct appli credit institut articl appli financi hold compani mix activ hold compani head offic commun institut perman exclud paragraph except member state central bank treat financi institut purpos articl direct appli central bank member state post offic giro institut belgium quot institut de réescompt de garanti herdiscont en waarborginstituut quot denmark quot dansk eksportfinansieringsfond quot quot danmark skibskreditfond quot quot dansk landbrug realkreditfond quot germani quot kreditanstalt für wiederaufbau quot undertak recognis quot wohnungsgemeinnützigkeitsgesetz quot bodi state hous polici engag bank transact undertak recognis law profit hous undertak greec quot quot elliniki trapeza viomichaniki anaptyxeo quot quot tamio parakatathikon kai danion quot quot tachidromiko tamieftirio spain quot instituto de crédito ofici quot franc quot caiss de dépôt consign quot ireland credit union friendli societi itali quot cassa depos prestiti quot netherland quot netherlands investeringsbank voor ontwikkelingslanden nv quot quot nv noordelijk ontwikkelingsmaatschappij quot quot nv industriebank limburg instituut voor ontwikkel en financi quot quot overijssels ontwikkelingsmaatschappij nv quot austria undertak recognis hous associ public interest quot österreichisch kontrollbank ag quot portug quot caixa económica quot exist januari except incorpor limit compani quot caixa económica montepio geral quot finland quot teollisen yhteistyön rahasto oy fonden för industriellt samarbet ab quot quot kera oy kera ab quot sweden quot svenska skeppshypotekskassan quot unit kingdom nation save bank commonwealth develop financ compani agricultur mortgag corpor scottish agricultur secur corpor crown agent oversea govern administr credit union municip bank council act propos commiss purpos consult committe refer articl hereinaft refer quot bank advisori committe quot decid amend list paragraph credit institut situat member state perman affili decemb central bodi supervis establish member state exempt requir articl decemb nation law commit central bodi affili institut joint liabil commit affili institut guarante central bodi solvenc liquid central bodi affili institut monitor basi consolid account manag central bodi empow issu instruct manag affili institut credit institut oper local affili subsequ decemb central bodi mean subparagraph benefit condit laid constitut normal addit network belong central bodi case credit institut set area newli reclaim sea result scission merger exist institut depend answer central bodi council act propos commiss purpos consult bank advisori committe lai addit rule applic subparagraph includ repeal exempt provid subparagraph opinion affili institut benefit arrang laid subparagraph advers effect competit council decid qualifi major credit institut defin subparagraph paragraph affili central bodi member state exempt provis articl articl provid prejudic applic provis central bodi constitut central bodi affili institut subject abovement provis consolid basi case exempt articl appli constitut central bodi affili institut articl prohibit undertak credit institut carri busi take deposit repay fund public member state prohibit person undertak credit institut carri busi take deposit repay fund public prohibit appli take deposit fund repay member state member state region local author public intern bodi member state member case expressli cover nation commun legisl provid activ subject regul control intend protect depositor investor applic case titl ii requir access take pursuit busi credit institut articl authoris member state requir credit institut obtain authoris commenc activ lai requir authoris subject articl notifi commiss bank advisori committe articl initi capit prejudic gener condit laid nation law compet author grant authoris credit institut possess separ fund case initi capit eur million member state decid credit institut fulfil requir separ fund exist decemb continu carri busi exempt credit institut compli requir contain subparagraph articl member state option grant authoris categori credit institut initi capit prescrib paragraph case initi capit eur million member state concern notifi commiss reason make option provid paragraph list refer articl publish credit institut minimum capit prescrib paragraph annot effect credit institut fund fall amount initi capit requir paragraph time authoris member state decid credit institut exist januari fund attain level prescrib initi capit paragraph continu carri activ event fund fall highest level reach effect decemb control credit institut fall categori refer paragraph natur legal person person control institut previous fund institut attain level prescrib initi capit paragraph specif circumst consent compet author merger credit institut fall categori refer paragraph fund institut result merger fall total fund merg institut time merger long level pursuant paragraph attain case refer paragraph fund reduc compet author circumst justifi institut limit period rectifi situat ceas activ articl manag bodi place head offic credit institut compet author grant authoris credit institut person effect direct busi credit institut author concern grant authoris person suffici good reput lack suffici experi perform duti member state requir credit institut legal person nation law regist offic head offic member state regist offic credit institut head offic member state issu authoris carri busi articl sharehold member compet author grant authoris take busi credit institut inform ident sharehold member direct indirect natur legal person qualifi hold amount hold purpos definit qualifi hold context articl vote right refer articl council direct eec consider compet author refus authoris take account ensur sound prudent manag credit institut satisfi suitabl abovement sharehold member close link exist credit institut natur legal person compet author grant authoris link prevent effect exercis supervisori function compet author refus authoris law regul administr provis member countri govern natur legal person credit institut close link difficulti involv enforc prevent effect exercis supervisori function compet author requir credit institut provid inform requir monitor complianc condit refer paragraph continu basi articl programm oper structur organis member state requir applic authoris accompani programm oper set inter alia type busi envisag structur organis institut articl econom member state requir applic authoris examin term econom market articl authoris refus reason authoris refus applic notifi thereof month receipt applic incomplet month applic send inform requir decis decis case month receipt applic articl notif authoris commiss authoris notifi commiss credit institut enter list commiss publish offici journal european commun date articl prior consult compet author member state prior consult compet author member state involv authoris credit institut subsidiari credit institut authoris member state subsidiari parent undertak credit institut authoris member state control person natur legal control credit institut authoris member state articl branch credit institut authoris member state host member state requir authoris endow capit branch credit institut authoris member state establish supervis branch effect prescrib articl articl articl withdraw authoris compet author withdraw authoris issu credit institut institut make authoris month expressli renounc authoris ceas engag busi month member state concern made provis authoris laps case obtain authoris fals statement irregular mean longer fulfil condit authoris grant longer possess suffici fund longer reli fulfil oblig creditor longer secur asset entrust fall case nation law withdraw authoris reason withdraw authoris concern inform thereof withdraw notifi commiss articl purpos exercis activ credit institut notwithstand provis word quot bank quot quot save bank quot bank name exist host member state territori commun member state head offic situat event danger confus host member state purpos clarif requir accompani explanatori particular articl qualifii hold credit institut member state requir natur legal person propos hold directli indirectli qualifi hold credit institut inform compet author tell size intend hold person likewis inform compet author propos increas qualifi hold proport vote right capit held reach exce credit institut subsidiari prejudic provis paragraph compet author maximum month date notif provid subparagraph oppos plan view ensur sound prudent manag credit institut satisfi suitabl person refer subparagraph oppos plan refer subparagraph fix maximum period implement acquir hold refer paragraph credit institut authoris member state parent undertak credit institut authoris member state natur legal person control credit institut authoris member state result acquisit institut acquir propos hold hold subsidiari subject control acquir assess acquisit subject prior consult refer articl member state requir natur legal person propos dispos directli indirectli qualifi hold credit institut inform compet author tell size intend hold person likewis inform compet author propos reduc qualifi hold proport vote right capit held fall credit institut ceas subsidiari awar credit institut inform compet author acquisit dispos hold capit hold exce fall threshold refer paragraph year inform name sharehold member possess qualifi hold size hold shown inform receiv annual gener meet sharehold member result complianc regul relat compani list stock exchang member state requir influenc exercis person refer paragraph oper detriment prudent sound manag institut compet author measur put end situat measur consist injunct sanction director manag suspens exercis vote right attach share held sharehold member question similar measur appli natur legal person fail compli oblig provid prior inform laid paragraph hold acquir opposit compet author member state sanction adopt provid exercis vote right suspend nulliti vote cast possibl annul purpos definit qualifi hold level hold set articl vote right refer articl direct eec consider articl procedur intern control mechan home member state compet author requir credit institut sound administr account procedur adequ intern control mechan titl iii provis freedom establish freedom provid servic articl credit institut member state provid activ list annex carri territori accord articl establish branch provis servic credit institut authoris supervis compet author member state provid activ cover authoris articl financi institut member state provid activ list annex carri territori accord articl establish branch provis servic financi institut member state subsidiari credit institut jointli own subsidiari credit institut memorandum articl associ permit carri activ fulfil condit parent undertak undertak authoris credit institut member state law subsidiari govern activ question carri territori member state parent undertak undertak hold vote right attach share capit subsidiari parent undertak undertak satisfi compet author prudent manag subsidiari declar consent relev home member state compet author jointli sever guarante commit enter subsidiari subsidiari effect includ activ question consolid supervis parent undertak parent undertak accord articl calcul solvenc ratio control larg exposur purpos limit hold provid articl complianc condit verifi compet author home member state suppli subsidiari certif complianc form part notif refer articl compet author home member state ensur supervis subsidiari accord articl provis mention articl appli mutati mutandi subsidiari subject modif word quot credit institut quot read quot financi institut fulfil condit laid articl quot word quot authoris quot quot memorandum articl associ quot subparagraph articl read quot home member state compet author commun amount fund subsidiari financi institut consolid solvenc ratio credit institut parent undertak quot financi institut elig articl ceas fulfil condit impos home member state notifi compet author host member state activ carri institut host member state subject legisl host member state articl exercis establish credit institut wish establish branch territori member state notifi compet author member state member state requir credit institut wish establish branch member state provid inform effect notif refer paragraph member state territori plan establish branch programm oper set inter alia type busi envisag structur organis branch address host member state document obtain name respons manag branch compet author home member state reason doubt adequaci administr structur financi situat credit institut take account activ envisag month receipt inform refer paragraph commun inform compet author host member state inform institut home member state compet author commun amount fund solvenc ratio credit institut compet author home member state refus commun inform refer paragraph compet author host member state give reason refus institut concern month receipt inform refus failur repli subject appli court home member state branch credit institut commenc activ compet author host member state month receiv inform mention paragraph prepar supervis credit institut accord articl condit interest gener good activ carri host member state receipt commun compet author host member state event expiri period provid paragraph receipt commun branch establish commenc activ event chang particular commun pursuant paragraph credit institut give written notic chang question compet author home host member state month make chang enabl compet author home member state decis pursuant paragraph compet author host member state decis chang pursuant paragraph branch commenc activ accord provis forc host member state januari presum subject procedur laid paragraph govern abovement date paragraph articl articl exercis freedom provid servic credit institut wish exercis freedom provid servic carri activ territori member state time notifi compet author home member state activ list annex intend carri compet author home member state month receipt notif mention paragraph send notif compet author host member state articl affect right acquir credit institut provid servic januari articl power compet author host member state host member state statist purpos requir credit institut branch territori report period activ host member state compet author host member state discharg respons impos articl host member state requir branch credit institut member state provid inform requir nation credit institut purpos compet author host member state ascertain institut branch provid servic territori compli legal provis adopt state pursuant provis direct involv power host member state compet author author requir institut concern put end irregular situat institut concern fail step compet author host member state inform compet author home member state compet author home member state earliest opportun measur ensur institut concern put end irregular situat natur measur commun compet author host member state measur home member state measur prove inadequ member state question institut persist violat legal rule refer paragraph forc host member state state inform compet author home member state measur prevent punish irregular prevent institut initi transact territori member state ensur territori serv legal document measur credit institut provis paragraph affect power host member state measur prevent punish irregular commit territori contrari legal rule adopt interest gener good includ possibl prevent offend institut initi transact territori measur adopt pursuant paragraph involv penalti restrict exercis freedom provid servic properli justifi commun institut concern measur subject appeal court member state author adopt procedur provid paragraph compet author host member state emerg precautionari measur protect interest depositor investor servic provid commiss compet author member state concern inform measur earliest opportun commiss consult compet author member state concern decid member state question amend abolish measur host member state exercis power confer direct take measur prevent punish irregular commit territori includ possibl prevent institut initi transact territori event withdraw authoris compet author host member state inform measur prevent institut concern initi transact territori safeguard interest depositor year commiss submit report case bank advisori committe member state inform commiss number type case refus pursuant articl measur accord paragraph articl year commiss submit report case bank advisori committe articl prevent credit institut head offic member state advertis servic mean commun host member state subject rule govern form content advertis adopt interest gener good titl iv relat countri articl notif subsidiari countri undertak condit access market countri compet author member state inform commiss authoris direct indirect subsidiari parent undertak govern law countri commiss inform bank advisori committe parent undertak acquir hold commun credit institut subsidiari commiss inform bank advisori committe authoris grant direct indirect subsidiari parent undertak govern law countri structur group notif compet author address commiss accord articl member state inform commiss gener difficulti encount credit institut establish carri bank activ countri commiss period draw report examin treatment accord commun credit institut countri term refer paragraph establish carri bank activ acquisit hold countri credit institut commiss submit report council propos appear commiss basi report refer paragraph basi inform countri grant commun credit institut effect market access compar grant commun credit institut countri commiss submit propos council mandat negoti view obtain compar competit opportun commun credit institut council decid qualifi major appear commiss basi report refer paragraph basi inform commun credit institut countri receiv nation treatment offer competit opportun domest credit institut condit effect market access fulfil commiss initi negoti order remedi situat circumst subparagraph decid time addit initi negoti accord procedur laid articl compet author member state limit suspend decis request pend moment decis futur request authoris acquisit hold direct indirect parent undertak govern law countri question durat measur refer exce month end month period light result negoti council act propos commiss decid qualifi major measur continu limit suspens appli set subsidiari credit institut subsidiari duli authoris commun acquisit hold commun credit institut institut subsidiari appear commiss situat paragraph obtain member state inform request request authoris direct indirect subsidiari parent undertak govern law countri question inform accord articl undertak propos acquir hold commun credit institut subsidiari oblig provid inform laps agreement reach countri refer paragraph measur refer subparagraph paragraph ceas appli measur pursuant articl compli commun oblig intern agreement bilater multilater govern take pursuit busi credit institut articl branch credit institut head offic commun member state appli branch credit institut head offic commun commenc carri busi provis result favour treatment accord branch credit institut head offic commun compet author notifi commiss bank advisori committe authoris branch grant credit institut head offic commun prejudic paragraph commun agreement conclud accord treati countri agre appli provis basi principl reciproc accord branch credit institut head offic commun ident treatment territori commun articl cooper countri compet author supervis consolid basi commiss submit propos council request member state initi negoti agreement countri mean exercis supervis consolid basi credit institut parent undertak head offic situat countri credit institut situat countri parent undertak credit institut financi hold compani head offic commun agreement refer paragraph seek ensur compet author member state obtain inform supervis basi consolid financi situat credit institut financi hold compani situat commun subsidiari credit institut financi institut situat commun hold particip institut compet author countri obtain inform supervis parent undertak head offic situat territori subsidiari credit institut financi institut situat member state hold particip institut commiss bank advisori committe examin outcom negoti refer paragraph result situat titl principl technic instrument prudenti supervis chapter principl prudenti supervis articl compet control home member state prudenti supervis credit institut includ activ carri accord articl respons compet author home member state prejudic provis direct give respons author host member state paragraph prevent supervis consolid basi pursuant direct articl compet host member state host member state retain respons cooper compet author home member state supervis liquid branch credit institut pend coordin prejudic measur reinforc european monetari system host member state retain complet respons measur result implement monetari polici measur provid discriminatori restrict treatment base fact credit institut authoris member state articl collabor supervis compet author member state concern collabor close order supervis activ credit institut oper establish branch member state head offic situat suppli inform manag ownership credit institut facilit supervis examin condit authoris inform facilit monitor institut regard liquid solvenc deposit guarante limit larg exposur administr account procedur intern control mechan articl spot verif branch establish member state host member state provid credit institut authoris member state carri activ branch compet author home member state inform compet author host member state carri intermediari person appoint purpos spot verif inform refer articl compet author home member state purpos verif branch recours procedur laid articl articl affect compet author host member state carri discharg respons direct spot verif branch establish territori articl exchang inform profession secreci member state provid person work work compet author auditor expert act behalf compet author bound oblig profession secreci mean confidenti inform receiv duti divulg person author whatsoev summari collect form individu institut identifi prejudic case cover crimin law credit institut declar bankrupt compulsorili wound confidenti inform concern parti involv attempt rescu credit institut divulg civil commerci proceed paragraph prevent compet author member state exchang inform accord direct direct applic credit institut inform subject condit profession secreci paragraph member state conclud cooper agreement provid exchang inform compet author countri author bodi countri defin paragraph inform disclos subject guarante profession secreci equival refer articl exchang inform purpos perform supervisori task author bodi mention inform origin member state disclos express agreement compet author disclos sole purpos author gave agreement compet author receiv confidenti inform paragraph duti check condit govern take busi credit institut met facilit monitor consolid consolid basi conduct busi regard monitor liquid solvenc larg exposur administr account procedur intern control mechan impos sanction administr appeal decis compet author court proceed initi pursuant articl special provis provid direct adopt field credit institut paragraph preclud exchang inform member state compet author member state member state compet author author entrust public duti supervis financi organis insur compani author respons supervis financi market bodi involv liquid bankruptci credit institut similar procedur person respons carri statutori audit account credit institut financi institut discharg supervisori function disclosur bodi administ deposit guarante scheme inform exercis function inform receiv subject condit profession secreci paragraph notwithstand paragraph member state authoris exchang inform compet author author respons overse bodi involv liquid bankruptci credit institut similar procedur author respons overse person charg carri statutori audit account insur undertak credit institut invest firm financi institut member state recours provis subparagraph requir condit met inform purpos perform supervisori task refer subparagraph inform receiv context subject condit profession secreci impos paragraph inform origin member state disclos express agreement compet author disclos sole purpos author gave agreement member state commun commiss member state author receiv inform pursuant paragraph notwithstand paragraph member state aim strengthen stabil includ integr financi system authoris exchang inform compet author author bodi respons law detect investig breach compani law member state recours provis subparagraph requir condit met inform purpos perform task refer subparagraph inform receiv context subject condit profession secreci impos paragraph inform origin member state disclos express agreement compet author disclos sole purpos author gave agreement member state author bodi refer subparagraph perform task detect investig aid view specif compet person appoint purpos emploi public sector possibl exchang inform provid subparagraph extend person condit stipul subparagraph order implement indent subparagraph author bodi refer subparagraph commun compet author disclos inform name precis respons person member state commun commiss member state name author bodi receiv inform pursuant paragraph decemb commiss draw report applic provis paragraph articl prevent compet author transmit central bank bodi similar function capac monetari author public author respons overse payment system inform intend perform task prevent author bodi commun compet author inform purpos paragraph inform receiv context subject condit profession secreci impos articl addit notwithstand provis refer paragraph member state virtu provis laid law authoris disclosur inform depart central govern administr respons legisl supervis credit institut financi institut invest servic insur compani inspector act behalf depart disclosur made reason prudenti control member state provid inform receiv paragraph obtain mean spot verif refer articl disclos case refer paragraph express consent compet author disclos inform compet author member state spot verif carri articl prevent compet author commun inform refer paragraph clear hous similar bodi recognis nation law provis clear settlement servic member state market commun inform order ensur proper function bodi relat default potenti default market particip inform receiv context subject condit profession secreci impos paragraph member state ensur inform receiv paragraph disclos circumst refer paragraph express consent compet author disclos articl duti person respons legal control annual consolid account member state provid person authoris mean council direct eec perform credit institut task articl council direct eec articl council direct eec articl direct eec statutori task duti report promptli compet author fact decis institut awar carri task liabl constitut materi breach law regul administr provis lai condit govern authoris specif govern pursuit activ credit institut affect continu function credit institut lead refus certifi account express reserv person likewis duti report fact decis awar carri task undertak close link result control relationship credit institut carri abovement task disclosur good faith compet author person authoris mean direct eec fact decis refer paragraph constitut breach restrict disclosur inform impos contract legisl regulatori administr provis involv person liabil kind articl power sanction compet author prejudic procedur withdraw authoris provis crimin law member state provid respect compet author credit institut effect control busi credit institut breach law regul administr provis supervis pursuit activ adopt impos respect penalti measur aim specif end observ breach breach articl appli court member state ensur decis respect credit institut pursuanc law regul administr provis adopt accord direct subject appli court appli decis month submiss respect applic authoris inform requir provis forc chapter technic instrument prudenti supervis section fund articl gener principl member state lai law regul administr action provis implement commun legisl prudenti supervis oper credit institut term refer concept fund bring term concept line definit paragraph articl subject limit impos articl unconsolid fund credit institut consist item capit mean articl direct eec paid share premium account exclud cumul preferenti share reserv mean articl direct eec profit loss brought forward result applic final profit loss member state permit inclus interim profit formal decis profit verifi person respons audit account prove satisfact compet author amount thereof evalu accord principl set direct eec net forese charg dividend fund gener bank risk mean articl direct eec revalu reserv mean articl direct eec adjust mean articl direct eec item mean articl commit member credit institut set cooper societi joint commit borrow institut organis fund refer articl fix term cumul preferenti share subordin loan capit refer articl item deduct accord articl share book held credit institut intang asset mean articl quot asset quot direct eec materi loss current financi year hold credit financi institut amount capit subordin claim instrument refer articl credit institut hold respect credit financi institut hold exceed capit case share credit financi institut held temporarili purpos financi assist oper design reorganis save institut compet author waiv provis hold credit financi institut capit subordin claim instrument refer articl credit institut hold respect credit financi institut refer point respect amount total hold subordin claim instrument exce credit institut fund calcul deduct item point point pend subsequ coordin provis consolid member state provid calcul unconsolid fund parent compani subject supervis consolid basi deduct hold credit institut financi institut includ consolid provis appli prudenti rule harmonis commun act concept fund defin point paragraph embodi maximum number item amount item fix lower ceil deduct item list point paragraph left discret member state member state oblig increas converg view common definit fund end commiss januari latest submit report european parliament council applic articl articl accompani propos amend deem januari european parliament council act accord procedur laid articl treati consult econom social committe examin definit fund view uniform applic common definit item list point paragraph credit institut unrestrict cover risk loss occur amount net forese tax charg moment calcul suitabl adjust tax charg reduc amount item appli cover risk loss articl item concept fund member state includ item provid legal account design characterist freeli credit institut cover normal bank risk revenu capit loss identifi exist disclos intern account record amount determin manag credit institut verifi independ auditor made compet author supervis secur indetermin durat instrument fulfil condit accept item reimburs bearer initi prior agreement compet author debt agreement provid credit institut option defer payment interest debt lender claim credit institut wholli subordin subordin creditor document govern issu secur provid debt unpaid interest absorb loss whilst leav credit institut posit continu trade fulli paid amount account ad cumul preferenti share refer point articl articl provis fund commit member credit institut set cooper societi refer point articl compris societi uncal capit legal commit member cooper societi make addit refund payment credit institut incur loss case demand payment delai joint commit borrow case credit institut organis fund treat preced item item includ fund count fund institut categori nation law member state includ fund public credit institut guarante local author extend entiti member state compet author includ fix term cumul preferenti share refer point articl subordin loan capit refer provis fund bind agreement exist event bankruptci liquid credit institut rank claim creditor repaid debt outstand time settl subordin loan capit fulfil criteria fulli paid fund account loan involv origin matur year repaid matur debt fix repay subject year notic loan longer consid fund prior consent compet author specif requir earli repay compet author grant permiss earli repay loan provid request made initi issuer solvenc credit institut question affect extent rank fund gradual reduc year repay date loan agreement includ claus provid circumst wind credit institut debt repay agre repay date articl calcul fund consolid basi calcul made consolid basi consolid amount relat item list articl accord rule laid articl credit quot neg quot item regard consolid reserv calcul fund minor interest mean articl direct eec global integr method consolid differ mean articl direct eec translat differ includ consolid reserv accord articl direct eec differ result inclus particip interest accord method prescrib articl direct eec debit quot posit quot item deduct calcul consolid fund articl deduct limit item refer point articl subject limit total item point exce maximum item point minu total item point exce maximum item point minu total item point deduct total item compet author authoris credit institut exce limit laid paragraph temporari except circumst articl provis proof compet author complianc condit laid articl articl prove satisfact compet author section solvenc ratio articl gener principl solvenc ratio express fund defin articl proport total asset balanc sheet item risk adjust accord articl solvenc ratio credit institut parent undertak defin articl direct eec subsidiari undertak calcul individu basi solvenc ratio credit institut parent undertak calcul consolid basi accord method laid direct direct eec compet author respons authoris supervis parent undertak credit institut requir calcul subconsolid unconsolid ratio respect parent undertak subsidiari subject authoris supervis monitor satisfactori alloc capit bank group carri measur attain end prejudic credit institut complianc requir paragraph articl compet author ensur ratio calcul year credit institut commun result compon data requir compet author compet author data suppli credit institut valuat asset balanc sheet item effect accord direct eec articl numer fund fund defin direct form numer solvenc ratio articl denomin risk adjust asset balanc sheet item degre credit risk express percentag weight assign asset item accord articl exception articl balanc sheet asset multipli relev weight produc risk adjust case balanc sheet item list annex ii stage calcul prescrib articl case balanc sheet item refer articl potenti cost replac contract event counterparti default calcul mean method set annex iii cost multipli relev counterparti weight articl weight provid replac weight produc risk adjust valu total risk adjust valu asset balanc sheet item mention paragraph denomin solvenc ratio articl risk weight weight appli categori asset item compet author fix higher weight fit weight cash hand equival item 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 asset item constitut claim zone central govern central bank denomin fund nation currenc borrow asset item constitut claim carri explicit guarante zone central govern central bank denomin fund nation currenc common guarantor borrow asset item secur satisfact compet author collater form zone central govern central bank secur secur issu european commun cash deposit lend institut certif deposit similar instrument issu lodg weight asset item constitut claim eib asset item constitut claim multilater develop bank asset item constitut claim carri explicit guarante eib asset item constitut claim carri explicit guarante multilater develop bank asset item constitut claim zone region govern local author subject articl asset item constitut claim carri explicit guarante zone region govern local author subject articl asset item constitut claim zone credit institut constitut institut fund asset item constitut claim matur year zone credit institut secur issu institut recognis compon fund asset item carri explicit guarante zone credit institut asset item constitut claim matur year carri explicit guarante zone credit institut asset item secur satisfact compet author collater form secur issu eib multilater develop bank cash item process collect weight loan fulli complet secur satisfact compet author mortgag residenti properti occupi borrow loan fulli complet secur satisfact compet author share finnish residenti hous compani oper accord finnish hous compani act subsequ equival legisl respect residenti properti occupi borrow quot mortgag back secur quot treat loan refer subparagraph articl compet author regard legal framework forc member state equival light credit risk prejudic type secur includ capabl fulfil condit point quot mortgag back secur quot includ instrument mean section annex council direct eec compet author satisfi secur fulli directli back pool mortgag natur defin subparagraph articl fulli perform mortgag back secur creat ii accept high prioriti charg underli mortgag asset item held directli investor mortgag back secur behalf truste mandat repres proport secur hold prepay accru incom asset subject weight counterparti credit institut determin accord direct eec unabl determin counterparti appli flat rate weight weight asset item constitut claim zone central govern central bank denomin fund nation currenc borrow asset item constitut claim zone region govern local author asset item constitut claim matur year zone credit institut asset item constitut claim zone zone bank sector tangibl quot asset quot mean articl direct eec hold share particip compon fund credit institut deduct fund lend institut asset deduct fund treatment appli balanc sheet item cover paragraph group risk group set annex ii full full risk item account medium risk item medium low risk item low risk item set stage multipli balanc sheet valu adjust weight attribut relev counterparti accord treatment asset item prescrib paragraph articl case asset sale repurchas agreement outright forward purchas weight attach asset question counterparti transact portion unpaid capit subscrib european invest fund weight method set annex iii appli balanc sheet item list annex iv contract trade recognis exchang foreign exchang contract contract gold origin matur calendar dai decemb compet author member state exempt applic method set annex iii counter otc contract clear clear hous act legal counterparti particip fulli collateralis daili basi exposur present clear hous provid protect cover current exposur potenti futur exposur compet author satisfi post collater level protect collater compli paragraph risk build clear hous exposur market post collater elimin member state inform commiss make option balanc sheet item carri explicit guarante weight incur behalf guarantor counterparti potenti exposur aris balanc sheet transact fulli complet secur satisfact compet author asset item recognis collater paragraph weight appli depend collater question member state appli weight balanc sheet item sureti guarante charact credit substitut fulli guarante satisfact compet author mortgag meet condit set paragraph subject guarantor direct collater asset balanc sheet item lower weight exist explicit guarante collater accept compet author lower weight appli part guarante fulli cover collater articl weight claim region govern local author member state notwithstand requir articl member state fix weight region govern local author differ risk claim claim central govern revenu rais power region govern local author exist specif institut arrang effect reduc chanc default weight fix accord criteria appli claim balanc sheet item incur behalf region govern local author question claim balanc sheet item incur behalf guarante region govern local author secur satisfact compet author concern collater form secur issu region govern local author member state notifi commiss weight justifi criteria laid paragraph commiss circul inform member state offer credit institut supervis compet author possibl appli weight undertak busi region govern local author question hold claim guarante includ collater form secur articl weight prejudic articl member state appli weight asset item secur satisfact compet author concern collater form secur issu zone region govern local author deposit zone credit institut lend institut certif deposit similar instrument issu credit institut member state appli weight claim institut specialis inter bank public debt market home member state subject close supervis compet author asset item fulli complet secur satisfact compet author home member state combin asset item mention articl recognis constitut adequ collater member state notifi commiss provis adopt pursuant paragraph ground provis commiss forward inform member state commiss period examin implic provis order ensur result distort competit articl administr bodi commerci undertak purpos articl compet author includ concept region govern local author commerci administr bodi respons region govern local author author view compet author exercis respons region local author compet author includ concept region govern local author church religi commun constitut form legal person public law rais tax accord legisl confer case option set articl appli articl solvenc ratio level credit institut requir perman maintain ratio defin articl level notwithstand paragraph compet author prescrib higher minimum ratio ratio fall compet author ensur credit institut question take measur restor ratio agre minimum quickli section larg exposur 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 paragraph 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 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 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 asset item constitut claim exposur institut credit institut fulfil condit refer articl 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 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 recognis 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 case debt secur issu eib multilater develop bank secur collater constitut credit institut fund loan secur satisfact compet author mortgag residenti properti share finnish residenti hous compani oper accord finnish hous compani act subsequ equival legisl 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 point residenti properti resid occupi borrow medium low risk balanc sheet item refer annex ii subject compet author agreement guarante loan guarante legal regulatori basi member mutual guarante scheme possess statu credit institut subject weight amount member state inform commiss make option order ensur result distort competit low risk balanc sheet item refer annex ii 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 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 authoris compet author member state origin issu credit institut case item constitut fund 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 januari latest council basi report commiss examin treatment interbank exposur provid paragraph council decid made propos commiss articl supervis consolid unconsolid basi larg exposur 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 articl 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 authoritis 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 section qualifi hold financi sector articl limit financi qualifi hold credit institut qualifi hold amount exce fund undertak credit institut financi institut undertak carri activ refer subparagraph articl direct eec total amount credit institut qualifi hold undertak credit institut financi institut undertak carri activ refer subparagraph articl direct eec exce fund member state appli limit laid paragraph hold insur compani defin direct eec direct eec share held temporarili financi reconstruct rescu oper normal underwrit institut behalf count qualifi hold purpos calcul limit laid paragraph share financi fix asset defin articl direct eec includ limit laid paragraph exceed except circumst case compet author requir credit institut increas fund equival measur member state provid compet author appli limit laid paragraph provid amount credit institut qualifi hold exce limit cover fund includ calcul solvenc ratio limit laid paragraph exceed amount cover fund greater excess amount chapter supervis consolid basi articl supervis consolid basi credit institut credit institut credit institut financi institut subsidiari hold particip institut subject extent manner prescrib articl supervis basi consolid financi situat supervis exercis area refer paragraph credit institut parent undertak financi hold compani subject extent manner prescrib articl supervis basi consolid financi situat financi hold compani supervis exercis area refer paragraph consolid financi situat financi hold compani impli compet author requir plai supervisori role relat financi hold compani stand member state compet author respons exercis supervis consolid basi pursuant articl decid case list credit institut financi institut auxiliari bank servic undertak subsidiari particip held includ consolid undertak includ situat countri legal impedi transfer inform opinion compet author undertak includ neglig interest respect object monitor credit institut case balanc sheet total undertak includ smaller amount eur million balanc sheet total parent undertak undertak hold particip undertak meet criteria includ consolid collect neglig interest respect aforement object opinion compet author respons exercis supervis consolid basi consolid financi situat undertak includ inappropri mislead object supervis credit institut concern compet author member state includ credit institut subsidiari supervis consolid basi case provid indent paragraph compet author member state credit institut subsidiari situat parent undertak inform facilit supervis credit institut supervis solvenc adequaci fund cover market risk control larg exposur exercis consolid basi accord articl articl member state adopt measur includ financi hold compani consolid supervis accord paragraph complianc limit set articl supervis control basi consolid subconsolid financi situat credit institut compet author ensur undertak includ scope supervis consolid basi exercis credit institut implement paragraph adequ intern control mechan product data inform relev purpos supervis consolid basi prejudic specif provis contain direct member state waiv applic individu subconsolid basi rule laid paragraph credit institut parent undertak subject supervis consolid basi subsidiari credit institut subject authoris supervis includ supervis consolid basi credit institut parent compani exempt option allow parent undertak financi hold compani head offic member state credit institut provid subject supervis exercis credit institut standard laid paragraph case set subparagraph step ensur capit distribut adequ bank group compet author appli rule individu credit institut purpos calcul fund make provis subparagraph articl credit institut parent credit institut authoris situat member state compet author grant authoris appli rule laid paragraph institut individu subconsolid basi notwithstand requir paragraph compet author respons authoris subsidiari parent undertak credit institut bilater agreement deleg respons supervis compet author authoris supervis parent undertak assum respons supervis subsidiari accord direct commiss inform exist content agreement forward inform compet author member state bank advisori committe member state provid compet author respons exercis supervis consolid basi subsidiari credit institut financi hold compani includ scope supervis consolid basi inform refer articl case procedur transmit verifi inform laid articl appli articl compet author respons exercis supervis consolid basi parent undertak credit institut supervis consolid basi exercis compet author authoris articl parent credit institut financi hold compani supervis consolid basi exercis compet author authoris credit institut articl credit institut authoris member state parent financi hold compani supervis consolid basi exercis compet author credit institut authoris member state financi hold compani set credit institut subsidiari authoris member state financi hold compani set compet author member state concern includ member state financi hold compani set seek reach agreement exercis supervis consolid basi absenc agreement supervis consolid basi exercis compet author authoris credit institut greatest balanc sheet total figur supervis consolid basi exercis compet author gave authoris refer articl compet author concern common agreement waiv rule laid subparagraph paragraph agreement refer subparagraph paragraph paragraph provid procedur cooper transmiss inform object supervis consolid basi attain member state compet author prudenti supervis credit institut financi institut member state requisit measur organis coordin author articl form extent consolid compet author respons exercis supervis consolid basi purpos supervis requir full consolid credit institut financi institut subsidiari parent undertak proport consolid prescrib opinion compet author liabil parent undertak hold share capit limit share capit liabil sharehold member solvenc satisfactori liabil sharehold member establish mean formal sign commit compet author respons carri supervis consolid basi order requir proport consolid particip credit institut financi institut manag undertak includ consolid undertak includ consolid undertak liabil limit share capit hold case particip capit ti refer paragraph compet author determin consolid carri permit requir equiti method method constitut inclus undertak concern supervis consolid basi prejudic paragraph compet author determin consolid carri case opinion compet author credit institut exercis signific influenc credit institut financi institut hold particip capit ti institut credit institut financi institut singl manag pursuant contract claus memoranda articl associ credit institut financi institut administr manag supervisori bodi person constitut major compet author permit requir method provid articl direct eec method constitut inclus undertak concern consolid supervis consolid supervis requir pursuant articl ancillari bank servic undertak includ consolid case accord method laid paragraph articl articl inform suppli mix activ hold compani subsidiari pend coordin consolid method member state provid parent undertak credit institut mix activ hold compani compet author respons authoris supervis credit institut approach mix activ hold compani subsidiari directli credit institut subsidiari requir suppli inform relev purpos supervis credit institut subsidiari member state provid compet author carri carri extern inspector spot inspect verifi inform receiv mix activ hold compani subsidiari mix activ hold compani subsidiari insur undertak procedur laid articl mix activ hold compani subsidiari situat member state credit institut subsidiari situat spot verif inform carri accord procedur laid articl articl measur facilit supervis consolid basi member state step ensur legal impedi prevent undertak includ scope supervis consolid basi mix activ hold compani subsidiari subsidiari kind cover articl exchang inform relev purpos supervis accord articl articl parent undertak subsidiari credit institut situat member state compet author member state commun relev inform aid exercis supervis consolid basi compet author member state parent undertak situat exercis supervis consolid basi pursuant articl invit compet author respons exercis supervis parent undertak inform relev purpos supervis consolid basi transmit author member state authoris exchang compet author inform refer paragraph understand case financi hold compani financi institut ancillari bank servic undertak collect possess inform impli compet author requir plai supervisori role relat institut undertak stand similarli member state authoris compet author exchang inform refer articl understand collect possess inform impli compet author plai supervisori role relat mix activ hold compani subsidiari credit institut subsidiari kind cover articl credit institut financi hold compani mix activ hold compani control subsidiari insur compani undertak provid invest servic subject authoris compet author author entrust public task supervis insur undertak undertak provid invest servic cooper close prejudic respect respons author provid inform simplifi task supervis activ financi situat undertak supervis inform receiv framework supervis consolid basi exchang inform compet author provid direct subject oblig profession secreci defin articl compet author respons supervis consolid basi establish list financi hold compani refer articl list commun compet author member state commiss appli direct compet author member state specif case verifi inform credit institut financi hold compani financi institut ancillari bank servic undertak mix activ hold compani subsidiari kind cover articl subsidiari kind cover articl situat 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 prejudic provis crimin law member state ensur penalti measur aim end observ breach breach impos financi hold compani mix activ hold compani effect manag infring law regul administr provis enact implement articl articl case measur requir intervent court compet author cooper close ensur abovement penalti measur produc desir result central administr main establish financi hold compani mix activ hold compani locat head offic titl vi bank advisori committe articl composit task bank advisori committe bank advisori committe compet author member state set alongsid commiss task bank advisori committe assist commiss ensur proper implement direct carri task prescrib direct assist commiss prepar propos council coordin sphere credit institut bank advisori committe concern concret problem relat individu credit institut bank advisori committe compos repres member state commiss repres accompani advis time time subject prior agreement committe committe invit qualifi person expert particip meet secretariat provid commiss bank advisori committe adopt rule procedur elect chairman repres member state meet regular interv situat demand commiss committe hold emerg meet consid situat requir bank advisori committe discuss outcom thereof confidenti committe decid articl examin requir authoris bank advisori committe examin content compet author requir list articl requir member state appli inform includ programm oper make suggest commiss view detail coordin articl observ ratio pend subsequ coordin compet author purpos observ addit coeffici appli establish ratio asset liabil credit institut view monitor solvenc liquid measur serv ensur save protect end bank advisori committe decid content factor observ ratio refer subparagraph lai method appli calcul bank advisori committe guid technic consult supervisori author categori institut concern observ ratio establish pursuanc paragraph calcul month bank advisori committe examin result analys carri supervisori author refer subparagraph paragraph basi calcul refer paragraph bank advisori committe make suggest commiss view coordin coeffici applic member state titl vii power execut articl technic adapt prejudic fund report refer subparagraph articl technic adapt area adopt accord procedur laid paragraph clarif definit order account applic direct develop financi market clarif definit ensur uniform applic direct commun align terminolog frame definit accord subsequ act credit institut relat matter definit quot zone quot articl definit quot multilater develop bank quot articl alter amount initi capit prescrib articl account develop econom monetari field expans content list refer articl set annex adapt terminolog list account develop financi market area compet author exchang inform list articl amend definit asset list articl order account develop financi market list classif balanc sheet item annex ii iv treatment calcul ratio articl annex iii temporari reduct minimum ratio prescrib articl weight prescrib articl order account specif circumst clarif exempt provid articl commiss assist committe refer made paragraph articl decis ec appli regard provis articl thereof period laid articl decis ec set month committe adopt rule procedur titl viii transit final provis chapter transit provis articl transit provis articl denmark mortgag credit institut organis cooper societi fund januari convert public limit liabil compani continu includ joint commit member borrow refer articl claim treat joint commit fund subject limit basi calcul part joint commit borrow total item refer articl minu refer articl basi calcul januari convert date date convers maximum basi calcul basi calcul exce maximum basi calcul maximum basi calcul januari reduc half proce issu capit defin articl made date maximum amount joint commit borrow includ fund exce januari basi calcul articl transit provis articl decemb compet author member state authoris credit institut appli risk weight loan fulli complet secur satisfact mortgag offic multi purpos commerci premis situat territori member state risk weight subject condit risk weight appli part loan exce limit calcul market properti question market properti calcul independ valuer make independ assess time loan made loan base lower valuat properti revalu year valuer loan exceed eur million fund credit institut properti revalu year valuer market properti mortgag lend whichev lower member state laid rigor criteria assess mortgag lend statutori regulatori provis mortgag lend mean properti determin valuer make prudent assess futur market properti take account long term sustain aspect properti normal local market condit current altern properti specul element account assess mortgag lend mortgag lend document transpar clear manner year market fall mortgag lend underli assumpt develop relev market reassess quot market quot price properti sold privat contract seller arm length buyer date valuat assum properti publicli expos market market condit permit orderli dispos normal period regard natur properti negoti sale ii risk weight appli part loan exce limit set iii properti owner subparagraph prevent compet author member state appli higher risk weight territori allow condit defin risk weight appli type lend territori member state risk weight compet author member state credit institut appli risk weight loan outstand juli provid condit list paragraph fulfil case properti valu assess criteria laid juli loan grant decemb risk weight remain applic matur credit institut bound observ contractu term decemb compet author member state authoris credit institut appli risk weight part loan fulli complet secur satisfact share finnish hous compani oper accord finnish hous compani act subsequ equival legisl provid condit laid paragraph fulfil member state inform commiss make paragraph member state appli risk weight properti leas transact conclud decemb asset busi situat countri head offic govern statutori provis lessor retain full ownership rent asset tenant exercis option purchas member state inform commiss make paragraph articl affect compet author recognit bilater contract novat conclud belgium april denmark june germani octob greec march spain januari franc ireland june itali juli luxembourg netherland juli austria decemb portug januari finland august sweden june unit kingdom april articl transit provis articl credit institut minimum ratio reach prescrib articl januari gradual approach level success stage ratio fall level reach object attain fluctuat temporari compet author appris reason year januari member state fix weight bond defin articl direct eec maintain credit institut avoid grave disturb oper market except report commiss year januari articl appli agricultur bank greec approach level prescrib articl success stage method paragraph articl articl transit provis articl februari credit institut incur exposur exposur exceed larg exposur limit aggreg larg exposur limit laid articl compet author requir credit institut concern step exposur exposur brought limit laid articl process exposur exposur brought authoris 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 februari 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 exce eur 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 conclud januari properti leas transact defin articl conclud januari case properti concern treatment appli loan secur satisfact compet author share finnish residenti hous compani oper accord finnish hous compani act subsequ equival legisl similar mortgag loan refer subparagraph articl transit provis articl credit institut januari exceed limit laid articl januari compli chapter final provis articl commiss inform member state commun commiss text main law regul administr provis adopt field cover direct articl repeal direct direct eec eec eec eec eec eec eec amend direct set annex part repeal prejudic oblig member state deadlin transposit direct list annex part refer repeal direct constru refer direct read accord correl tabl annex vi articl implement direct enter forc dai public offici journal european commun articl addresse direct address member state brussel march european parliament presid fontain council presid gama oj opinion european parliament januari publish offici journal council decis march publish offici journal oj oj direct amend direct ec oj oj direct amend direct eec oj oj direct amend direct ec oj oj direct amend direct ec oj oj direct amend act access oj oj direct amend direct eec oj oj council direct eec decemb inform publish major hold list compani acquir dispos oj eighth council direct eec april base articl treati approv person respons carri statutori audit account document oj fourth council direct eec juli base articl treati annual account type compani oj direct amend direct ec oj council direct eec decemb coordin law regul administr provis relat undertak collect invest transfer secur ucit oj direct amend direct ec oj council direct eec invest servic secur field oj direct amend direct ec oj council direct eec juli coordin law regul administr provis relat take pursuit busi direct insur life assur oj direct amend direct ec council direct eec march coordin law regul administr provis relat take pursuit busi direct life assur oj direct amend direct ec annex list activ subject mutual recognit accept deposit repay fund lend financi leas monei transmiss servic issu administ mean payment credit card travel chequ banker draft guarante commit trade account account custom monei market instrument chequ bill certif deposit foreign exchang financi futur option exchang interest rate instrument transfer secur particip secur issu provis servic relat issu advic undertak capit structur industri strategi relat question advic servic relat merger purchas undertak monei broke portfolio manag advic safekeep administr secur credit refer servic safe custodi servic includ inter alia consum credit mortgag credit factor recours financ commerci transact includ forfeit annex ii classif balanc sheet item full risk guarante charact credit substitut accept endors bill bear credit institut transact recours irrevoc standbi letter credit charact credit substitut asset purchas outright forward purchas agreement forward forward deposit unpaid portion partli paid share secur item carri full risk medium risk documentari credit issu confirm medium low risk warranti indemn includ tender perform custom tax bond guarante charact credit substitut asset sale repurchas agreement defin articl direct eec irrevoc standbi letter credit charact credit substitut undrawn credit facil agreement lend purchas secur provid guarante accept facil origin matur year note issuanc facil nif revolv underwrit facil ruf item carri medium risk medium low risk documentari credit underli shipment act collater liquid transact item carri medium low risk low risk undrawn credit facil agreement lend purchas secur provid guarante accept facil origin matur includ year cancel uncondition time notic item carri low risk member state undertak inform commiss agre includ balanc sheet item indent categori risk item definit classifi commun level procedur laid articl complet annex iii treatment balanc sheet item choic method measur credit risk contract list point annex iv credit institut choos subject consent compet author method set credit institut compli articl direct eec method set measur credit risk contract list point annex iv credit institut method set method method quot mark market quot approach step attach current market valu contract mark market current replac cost contract posit valu obtain step obtain figur potenti futur credit exposur notion princip amount underli valu multipli percentag tabl gt tabl gt purpos calcul potenti futur exposur accord step compet author credit institut decemb appli percentag prescrib tabl provid institut make option set articl direct eec contract mean paragraph annex iv tabl gt tabl gt step sum current replac cost potenti futur credit exposur multipli risk weight alloc relev counterparti articl method quot origin exposur quot approach step notion princip amount instrument multipli percentag tabl gt tabl gt step origin exposur obtain multipli risk weight alloc relev counterparti articl method compet author ensur notion amount account yardstick risk inher contract instanc contract multipl cash flow notion amount adjust order account effect multipl risk structur contract contractu net contract novat net agreement type net compet author recognis purpos point quot counterparti quot mean entiti includ natur person power conclud contractu net agreement compet author recognis risk reduc type contractu net bilater contract novat credit institut counterparti mutual claim oblig automat amalgam novat fix singl net amount time novat appli creat legal bind singl contract extinguish contract ii bilater agreement credit institut counterparti condit recognit compet author recognis contractu net risk reduc condit credit institut contractu net agreement counterparti creat singl legal oblig cover includ transact event counterparti failur perform ow default bankruptci liquid similar circumst credit institut claim receiv oblig pai net sum posit neg mark market valu includ individu transact ii credit institut made compet author written reason legal opinion effect event legal challeng relev court administr author case find credit institut claim oblig limit net sum law jurisdict counterparti incorpor foreign branch undertak involv law jurisdict branch locat law govern individu transact includ law govern contract agreement effect contractu net iii credit institut procedur place ensur legal valid contractu net review light relev law compet author satisfi consult compet author concern contractu net legal valid law relev jurisdict compet author satisfi respect contractu net agreement recognis risk reduc counterparti compet author accept reason legal opinion drawn type contractu net contract provis permit default counterparti make limit payment payment estat default default net creditor quot walkawai quot claus recognis risk reduc compet author recognis risk reduc contractu net agreement cover foreign exchang contract origin matur calendar dai written option similar balanc sheet item annex appli bear neglig credit risk depend posit neg market contract inclus net agreement result increas decreas capit requir compet author oblig credit institut consist treatment effect recognit contract novat singl net amount fix contract novat gross amount involv weight applic method step current replac cost step notion princip amount underli valu obtain take account contract novat applic method step notion princip amount calcul take account contract novat percentag tabl appli ii net agreement applic method step current replac cost contract includ net agreement obtain take account actual hypothet net replac cost result agreement case net lead net oblig credit institut calcul net replac cost current replac cost calcul quot quot step figur potenti futur credit exposur contract includ net agreement reduc equat gt refer graphic gt pcere reduc figur potenti futur credit exposur contract counterparti includ legal valid bilater net agreement pcegross sum figur potenti futur credit exposur contract counterparti includ legal valid bilater net agreement calcul multipli notion princip amount percentag set tabl ngr quot net gross ratio quot discret compet author separ calcul quotient net replac cost contract includ legal valid bilater net agreement counterparti numer gross replac cost contract includ legal valid bilater net agreement counterparti denomin ii aggreg calcul quotient sum net replac cost calcul bilater basi counterparti take account contract includ legal valid net agreement numer gross replac cost contract includ legal valid net agreement denomin member state permit credit institut choic method method chosen consist calcul potenti futur credit exposur formula perfectli match contract includ net agreement account singl contract notion princip equival net receipt perfectli match contract forward foreign exchang contract similar contract notion princip equival cash flow cash flow fall due date fulli partli currenc applic method step perfectli match contract includ net agreement account singl contract notion princip equival net receipt notion princip amount multipli percentag tabl contract includ net agreement percentag applic reduc tabl tabl gt tabl gt council direct eec march capit adequaci invest firm credit institut oj direct amend direct ec oj case singl currenc quot float float quot interest rate swap current replac cost calcul annex iv type balanc sheet item interest rate contract singl currenc interest rate swap basi swap forward rate agreement interest rate futur interest rate option purchas contract similar natur foreign exchang contract contract gold cross currenc interest rate swap forward foreign exchang contract currenc futur currenc option purchas contract similar natur contract gold natur similar contract natur similar point refer item indic equiti preciou metal gold commod preciou metal contract similar natur annex part repeal direct success amend refer articl council direct eec council direct eec council direct eec council direct eec council direct eec council direct eec direct ec european parliament council articl indent articl indent indent articl articl refer direct eec articl indent council direct ec direct ec european parliament council council direct eec council direct eec council direct eec council direct eec council direct eec council direct eec direct ec european parliament council articl indent council direct eec commiss direct eec council direct eec commiss direct ec commiss direct ec commiss direct ec direct ec european parliament council direct ec european parliament council direct ec european parliament council articl council direct eec council direct eec part deadlin implement refer articl gt tabl gt anνεχ vi correl tabl gt tabl gt