RTS on identifying groups of connected clients (Reg 575/2013)
COMCMT1R-EP1R-C2R-EPCNCADO
Updated 32mo ago
This regulation provides technical standards to help banks and financial institutions identify 'connected clients.' This process is essential for managing risk, as it prevents a bank from over-exposing itself to a single group of related borrowers who might all fail at the same time.
This affects banks, credit institutions, and financial supervisors. It ensures more consistent reporting and risk assessment across the EU financial sector.