The access to the market of regulated financial services is a critical 'gate keeping function' to ensure that only entities that are able to assure the safety and soundness of the business and the integrity of the market may provide such activities. For this reason, access to the market is subject to licensing by the competent authority. It includes authorisation, passporting notification, assessment of qualifying holdings and monitoring of regulatory perimeter also in light […]
The Deposit Guarantee Scheme Directive (DGSD) aims to facilitate access to the internal market through the freedom of establishment and the freedom to provide financial services while increasing the stability of the banking system and the protection of depositors. To fulfil its role of monitoring the implementation of the DGSD, national authorities must notify the EBA of any relevant information as well as of any actions taken. The EBA publishes the non-confidential elements of these […]
