The developments regarding the establishment of the ex-ante financial allocation and other steps to adapt to regulatory obligations were illustrated to the Consortium members
Information on the evolution of the main adaptation processes to the new regulatory requirements of the TUB (Consolidated Banking Law) was sent to the Consortium members, with particular reference to:
a) to the statutory changes recently resolved by the Assembly;
b) the new internal method of risk analysis and calculation of Consortium members' contributions, in compliance with the guidelines issued by the EBA;
c) the establishment of the ex-ante financial endowment of the FGD;
d) the new reporting obligations of the Consortium members;
e) the criteria for determining the "aggregate position per depositor" (Single Customer View - SCV) within the context of depositor reimbursement procedures.
The BCC circular 31/16, sent to all Consortium members via certified email, is accessible, as usual, from the Reserved Area.