Banks fear fresh burden from new EU branch supervision plan
EBA insists enhanced supervision of largest branches will not bring additional requirements
Banks are concerned about the ambiguity and potential added burden of proposed European Union supervision requirements for large cross-border branches in the European Economic Area (EEA).
The proposal, released in December, includes a test to determine "significant-plus" branches that would be subject to more intensive home and host supervision, and would need to have a separate risk assessment report. Speaking at a public hearing hosted by the European Banking Authority (EBA) on February 17
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