Group allocation conflicts heat up

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According to Michel Martino, an official in the European Commission’s Banking and Financial Conglomerate’s unit, the forthcoming CAD text will outline the EU’s group allocation strategy. Martino, speaking at a conference in London in early July, said each firm in the EU will have a single lead regulator, who will head up a “college of regulators” of EU host supervisors. A single application for model approval will be made to the home supervisor, who will share the application and

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