Third countries considered to have supervisory arrangements equivalent to EU

Commission Implementing Decision 2014/908/EU , as last amended by Implementing Decision 2016/2358/EU, has for sole purpose to determine equivalence for the purposes of assigning risk weights under Articles 107, 114, 115, 116 and 142 of Regulation (EU) No 575/2013 (CRR), and thus is not applicable for the purpose of Article 11(1)(d)(ii) of the Delegated Regulation (EU) No 2015/61. For the specific purpose of Article 11(1)(d)(ii) of the Delegated Regulation (EU) No 2015/61, an additional assessment on a case-by-case basis of the equivalence of the third country by the bank and its supervisor is necessary. Disclaimer: This question goes beyond matters of consistent and effective application of the regulatory framework. A Directorate General of the Commission (Directorate General for Financial Stability, Financial services and Capital Markets Union) has prepared the answer, albeit that only the Court of Justice of the European Union can provide definitive interpretations of EU legislation. This is an unofficial opinion of that Directorate General, which the European Banking Authority publishes on its behalf. The answers are not binding on the European Commission as an institution. You should be aware that the European Commission could adopt a position different from the one expressed in such Q&As, for instance in infringement proceedings or after a detailed examination of a specific case or on the basis of any new legal or factual elements that may have been brought to its attention.