Call for technical advice from the IWCFC on financial conglomerates

   The Interim Working Committee on Financial Conglomerates (IWCFC) of CEBS and CEIOPS, received the third call for technical advice from the European Commission. The Commission services is requesting the IWCFC to conduct a stocktake to assess of practices implemented in the Member States. The IWCFC has already delivered advice with respect to cross sectoral work on the eligibility of own funds, and the equivalence of financial conglomerates supervision in Switzerland and in the US. These contributions providing useful input to the review of the Financial Conglomerates Directive.