Yesterday the EBA announced that it had added the STS Regulation to its online Interactive Single Rulebook and Q&A.
In addition to allowing market participants (and members of the general public with odd tastes for arcane financial regulations) to access the EBA’s guidelines, this will also enable them to ask questions on any aspect of the criteria where it is felt require clarification under the EBA’s continuing power to issue guidelines.
In PCS’ experience this will be a vital tool, going forward as we can attest to the not unsubstantial number of issues of a highly technical nature that arise in our verification work. This latest development by the EBA is very welcome indeed.
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