EC umbrella plan dismays foreign banks

EU intermediate holding company proposal complicates legal entity structures and Brexit planning

ihc-confusion
Some say UK banks might reduce business in Europe to fall outside the requirements

On November 23, when the proposed revamped European Commission capital rules were released, a collective howl of protest echoed through the halls of non-European banks. There, in less than 300 words, European Union regulators threw into question years of work on legal entity and resolution planning, as well as adding an extra complication to the already fraught Brexit negotiations (see box: Brexit blues), with a requirement for foreign banking groups to consolidate all their subsidiaries under a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here