Article summary
The European Banking Authority (EBA) has published final draft regulatory technical standards (RTS) and implementing technical standards (ITS) on co-operation and information exchange between competent authorities involved in prudential supervision of investment firms. The draft standards were developed in consultation with the European Securities and Markets Authority (ESMA), and provide a framework for co-operation in the supervision of investment firm groups through colleges of supervisors; and for information exchange for investment firms operating within the EU through branches or the free provision of services.
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