Legal News

EBA issues second report on implementation of product oversight and governance guidelines

Published on: 03 November 2020
Published by LNB News

LNB News 03/11/2020

Document Information

Issue Date: 03 November 2020

Published Date: 03 November 2020

Jurisdiction(s): United Kingdom

Article summary

The European Banking Authority (EBA) has published its second report on how the industry has implemented the EBA guidelines on product oversight and governance arrangements (POG). The report identifies a range of good practices and encourages financial institutions to use them, while noting that many financial institutions do not focus sufficiently on ensuring that consumers’ needs are met in line with the guidelines.

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