Amendment: Own funds requirements for institutions (Reg 241/2014)

This regulation updates the technical standards for 'own funds' requirements, which are the capital reserves banks and financial institutions must hold. These rules ensure that institutions have enough financial cushioning to absorb losses and remain stable during economic downturns, reducing the risk of systemic financial failure.

The changes primarily affect banks, credit institutions, and investment firms. They must adjust their financial reporting and capital calculations to comply with these updated safety standards.