EU bank watchdog to set conditions on cross
Andrea Enria
The guidance will support a smooth relocation process and avoid regulatory competition   EBA Chairman Andrea Enria  told a European Parliament hearing.
âThese include authorizations  approval of internal models  treatment of outsourcing  back-to-back operations and risk transfers  matters related to resolution and deposit guarantee schemes â  Enria  said.
âWe donât want to disrupt this mechanism  but at the same time you want to avoid empty shells â  Enria  said.
The EBA guidance will say that risks from customers should be managed locally  while market risk can still be dealt with at the parent in London   Enria  said  adding that EU supervisors must have access to ârelevant informationâ on how market risks were being handled in London.
EU regulators should also insist on market risks being managed locally if market shocks loom   Enria  said.
 It  marks a more accommodative tone than comments from the European Central Bank  which will actually license the new hubs in the euro zone.
The guidance will support a smooth relocation process and avoid regulatory competition    [TGT] told a European Parliament hearing.
âThese include authorizations  approval of internal models  treatment of outsourcing  back-to-back operations and risk transfers  matters related to resolution and deposit guarantee schemes â   [TGT] said.
âWe donât want to disrupt this mechanism  but at the same time you want to avoid empty shells â   [TGT] said.
The EBA guidance will say that risks from customers should be managed locally  while market risk can still be dealt with at the parent in London    [TGT] said  adding that EU supervisors must have access to ârelevant informationâ on how market risks were being handled in London.
EU regulators should also insist on market risks being managed locally if market shocks loom    [TGT] said.
  [TGT]   marks a more accommodative tone than comments from the European Central Bank  which will actually license the new hubs in the euro zone.