The New EU Financial Conglomerates Directive

Akseli, Orkun

The New EU Financial Conglomerates Directive

Akseli, Orkun

Authors

Orkun Akseli

Abstract

Discusses the provisions of European Parliament and Council Directive 2002/87, the Financial Groups (Conglomerates) Directive, which was due to be implemented in the EU Member States by August 11, 2004, and which comes into effect on January 1, 2005, including: (1) the definitions of a group of undertakings and a financial conglomerate; (2) the requirement that regulated entities in a financial conglomerate have their own funds available to them, and adequate capital adequacy policies in place, at conglomerate level; and (3) the requirement that risk management processes for regulated entities are supervised at conglomerate level. Considers the implications of the Directive for banking and investment business in the EU and in third countries.

Citation

Akseli, O. (2004). The New EU Financial Conglomerates Directive. International Trade Law and Regulation, 10(6), 125-128

Journal Article Type	Article
Publication Date	Jan 1, 2004
Deposit Date	Sep 14, 2011
Publicly Available Date	Jan 16, 2015
Journal	International Trade Law and Regulation
Print ISSN	1357-3136
Publisher	Sweet and Maxwell
Peer Reviewed	Peer Reviewed
Volume	10
Issue	6
Pages	125-128
Keywords	EC law, Financial regulation, Groups of companies.
Publisher URL	http://www.sweetandmaxwell.co.uk/Catalogue/ProductDetails.aspx?recordid=389