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12:56 May 21, 2019 |
Italian to English translations [PRO] Bus/Financial - Finance (general) / Financial Statements | |||||||
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| Selected response from: Alison Kennedy Italy Local time: 10:25 | ||||||
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4 +1 | Delegated Act in lieu of |
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Delegated Act in lieu of Explanation: See the citation below taken from technical standards Basel III Liquidity. Regulatory Technical Standards on criteria for a preferential treatment in cross-border intragroup financial support under LCR The draft Regulatory Technical Standards (RTS) specify the additional objective criteria listed in the Delegated Act (Commission Delegated Regulation EU No 2015/61 of 10 October 2014), for the application of a preferential treatment in the calculation of the liquidity coverage requirement (LCR) for cross-border intragroup liquidity flows. The proposed draft RTS set out in more detail the additional criteria that institutions within a group or within an institutional protection scheme (IPS) need to meet in order to be able to apply higher inflows and/or lower outflows on liquidity and credit facilities on cross-border transactions. These criteria, as already specified in the LCR DELEGATED ACT, aim at ensuring the effectiveness of the liquidity support. |
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