There is a pressing need for increased collaboration between authorities responsible for the supervision of credit institutions, insurance undertakings and investment firms, including the development of ad hoc cooperation arrangements between the authorities involved in the supervision of entities belonging to the same financial conglomerate.
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New version applies from 01/01/2014 — introduced by Directive 2006/48/EC (CRD), Solvency II Directive.
36 provisions change.
Later versions: 26/06/2021, 09/01/2024, 30/01/2027.
Recital 12 changes in this version: compare with the current text.