(7)The competent authorities should be able to assess at a group-wide level the financial situation of credit institutions, insurance undertakings and investment firms which are part of a financial conglomerate, in particular as regards solvency (including the elimination of multiple gearing of own funds instruments), risk concentration and intra-group transactions.
◷
New version applies from 09/12/2011 — introduced by Directive 2011/89/EU.
51 provisions change.
Later versions: 17/07/2013, 01/01/2014, 26/06/2021, 09/01/2024, 30/01/2027.
Recital 7 changes in this version: compare with the current text.