(22)Responsibility for supervising the financial soundness of a credit institution, and in particular its solvency, rests with the competent authorities of its home Member State. The host Member State's competent authorities retain responsibility for the supervision of liquidity and monetary policy. The supervision of market risk must be the subject of close cooperation between the competent authorities of the home and host Member States.
◷
New version applies from 13/04/2005 — introduced by Directive 2005/1/EC.
88 provisions change.
Later versions: 29/03/2006, 20/07/2006.
Recital 22 changes in this version: compare with the current text.