EBA has published an Opinion noting its views that several aspects of the current definition of “credit institution” could benefit from clarification – not least the notions of “deposit”, “other repayable funds” and “from the public”. It had raised these points previously, and has now added to them concerns over divergences in scope of authorisations and the kind and extent of commercial activities that can be carried out by credit institutions. That said, it stresses that any changes to the regulatory perimeter should be accompanied by an impact assessment.
EBA wants clarity on aspects of “credit institution” definition
