Governance at group level
Legal and regulatory framework:
- Banking Law: Articles 168, 168/1, 170 (consolidated supervision), 190 to 194 (supplementary conglomerate supervision) and 205 et seq. (parent undertakings)
- Relevant thematic NBB circulars:
- International reference documents:
- Guidelines EBA/GL/2021/05 of 2 July 2021 on internal governance => paragraphs 83 to 90
The requirements of good governance also apply in the context of a group as defined in Part I, Title II, Chapter II of Regulation No 575/2013. Indeed, the rules of good governance should be complied with on a consolidated, and, if applicable, sub-consolidated basis. This chapter applies to all types of groups (groups at EEA level, groups at Member State level, groups at Belgian level) and subgroups (subgroups at Member State or Belgian level).