EBA consults on shadow bank identification criteria for large exposure reporting

2021/07/20

The European Banking Authority (EBA) launched a consultation (to run until 26 October 2021) on draft regulatory technical standards (RTS) setting out criteria for the identification of shadow banking entities for the purposes of large exposure reporting. Special provisions are included in the draft RTS for funds regulated under the Undertakings for the Collective Investment in Transferable Securities (UCITS) Directive and the Alternative Investment Fund Managers (AIFM) Directive, while money market funds are identified as shadow banking entities. The draft RTS also consider entities established in third countries and distinguishes between banks and other entities.