ESA's tough final Regulatory Standards on conglomerate capital are out.

Jul 30, 2013

∙ Paid

This is complicated material. But ... looking at Article 9 of this standard, the bar for recognition of supplementary capital looks high. Even though it applies after the entry into force of Regulation (EU) No 575/2013 (CRR) and only when both CRR and Solvency (2009/138/EC) apply.