EBA publishes final guidelines on the supervision of significant branches

On 1 November 2017, the European Banking Authority (EBA) published a final report on the guidelines on the supervision of significant branches (EBA/GL/2017/14). The final report follows a consultation, which took place in December 2016 and sets out a summary of the feedback received and the EBA’s response to it.

The guidelines, which will apply from 1 January 2018, aim to specify how consolidating supervisors and the home and host competent authorities should co-operate to carry out prudential supervision and co-ordinate monitoring, including the assessment of recovery planning, of certain branches of firms requiring intensified supervision.