Commission Delegated Regulation (EU) 2016/98Show full title

Article 10 U.K. Information exchange for performing group risk assessments and reaching joint decisions

1. For the purposes of joint decisions on institution-specific prudential requirements as referred to in Article 113 of Directive 2013/36/EU, the consolidating supervisor and the relevant members of the college referred to in paragraph 1 of that Article shall exchange all information necessary, at both individual and consolidated level, to reach a joint decision.

2. In particular, the consolidating supervisor and the relevant members of the college referred to in paragraph 1 shall exchange information on the outcomes of the supervisory review and evaluation process performed in accordance to Article 97 of Directive 2013/36/EU. This information shall provide the outcome of the assessment, at least, of the following elements:

(a) business model analysis, including the assessment of the viability of current business model and sustainability of institution's forward-looking business strategy;

(b) internal governance arrangements and institution-wide controls;

(c) individual risks to institution's capital, covering the following elements:

(i)

inherent individual risks;

(ii)

risk management and controls;

(d) capital adequacy assessment, including proposed required own funds pursuant to Article 104(1)(a) of Directive 2013/36/EU;

(e) risks to institution's liquidity and funding, covering the following elements:

(i)

liquidity risk and funding risk;

(ii)

liquidity and funding risk management;

(f) liquidity adequacy assessment, including proposed quantitative and qualitative liquidity measures pursuant to Article 105 of Directive 2013/36/EU;

(g) other supervisory measures or early intervention measures taken or planned to be taken in order to address the inefficiencies identified as a result of the supervisory review and evaluation process;

(h) results of the supervisory stress tests performed pursuant to Article 100 of Directive 2013/36/EU;

(i) findings from on-site inspections and off-site monitoring that are relevant for the assessment of the risk profile of the group or any of its entities.