EBA EXTERNAL COMMUNICATIONS - The EBA launches consultation on revised guidelines on internal governance

In July, we launched a public consultation on changes to our Guidelines on internal governance. Our proposed amendments reflect new provisions in the CRDV and IFD, and include guidance on the steps institutions should take to ensure that ML/TF risks are addressed as part of their internal governance arrangements and risk management frameworks.

date: 31/07/2020 - 31/10/2020

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The guidelines also highlight the need for institutions to put in place specific governance arrangements to ensure that they do not facilitate tax crimes, in partial fulfilment of the EBA’s 2020 Action plan on dividend arbitrage trading schemes (“Cum-Ex/Cum-Cum”) that we published earlier this year.

The public consultation is open until 31 October 2020.

The EBA launches consultation on revised guidelines on internal governance

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