CP10 (Full Document) - European Banking Authority

‣ If not, inform the other supervisors promptly that
an application has been received and distribute the
application form, in whole or part, as previously
agreed.
‣ Assess the completeness and accuracy of the
application against pre­agreed standards, and in
consultation with the host supervisors with respect
to local models.
‣ Communicate the final results of the assessment to
the group and to other supervisors.
‣ Assess those aspects of the application that the host
is best able to comment on (e.g., relating to locally
developed models) and communicate the results of
the assessment to the consolidating supervisor.
­ if the application is found to be incomplete,
communicate that finding to the group, setting
out the reasons why and what further
information the group may need to submit.
­ if the application is complete, inform the other
supervisors that the six­month period has
started, and initiate the next step in the process.
Step 3 – Model assessment
Cross­border implications
Tasks or considerations for the Consolidating
supervisor
Tasks or considerations for the host supervisor
· Performing the work ‣ Lead the assessment of centralised models and
some local models (where agreed), the governance
of the group, the role of the Board and Senior
‣ Lead the assessment of local models (where
agreed), the governance of the local entities, and