On 21 January 2014 the Commission adopted a delegated Regulation with regard to regulatory technical standards for the application of the calculation methods of capital adequacy requirements for financial conglomerates. The delegated Regulation was published on 3 April 2014, after the expiry of the objection period by the European Parliament and the Council. It enters into force on the twentieth day following its publication.
On 20 December 2012 the Commission adopted a report on the review of the Financial Conglomerates Directive.
- Report on the review of the Financial Conglomerates Directive 2002/87/EC
- Commission Staff Working Document accompanying the Report
Revision of the Financial Conglomerates Directive – 16.08.2010
On August 2010 the Commission proposed to amend existing European rules on the supervision of financial conglomerates.
- Midday express (MEX/10/0816)
- Text of the Proposal
- Impact Assessment:
The new rules were adopted by the EU in November 2011 and entered into force on December 09, 2011
Conglomerates’ Conference: “The ‘invisibilities’ within the most visible” – 07.06.2010
On 7 June the European Commission hosted a high level one-day conference on the challenge of supervising financial conglomerates.
Consultation regarding the Review of the Financial Conglomerates Directive – 06.11.2009
|06.11.2009||Consultation Document Review of Directive 2002/87/EC on the Supplementary Supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate (FCD)|
Call for advice no. 3 from IWCFC (Interim Working Committee on Financial Conglomerates)
|09.02.2009||Progress Call for Advice no. 3|
|11.04.2008||Call for technical advice no. 3 from IWCFC on the Review of Financial Conglomerates Directive|
Calls for advice from IWCFC (Interim Working Committee on Financial Conglomerates)
Identification of Financial Conglomerates
Transposition of the Financial Conglomerates Directive
|14.11.2005||Issues arising from the transposition, interpretation and implementation of the Directive|
|16.12.2002||Directive 2002/87/EC on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate|
|20.11.2002||Commission welcomes the European Parliament’s adoption of Directive|
|20.09.2002||Communication from the Commission to the European Parliament concerning the Common Position of the Council on the adoption of a Directive on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate|
|07.05.2002||Commission welcomes Council agreements on Market Abuse and Financial Conglomerates Directives|
|11.04.2002||Follow up of the second mapping exercise on European Union Financial Conglomerates (Summary of the findings by the Mixed Technical Group )|
|14.03.2002||Commission welcomes significant progress in European Parliament on Financial Services Action Plan|
|26.04.2001||Commission proposes Directive on prudential supervision of financial conglomerates|
|19.12.2000||Commission launches consultations on regulation of conglomerates|