Here’s the rewritten article in markdown format:
Regulatory Developments at LLB AG: Supervision, Recovery Planning, and Sustainability
LLB AG (Liechtensteinische Landesbank) has been actively involved in regulatory developments, ensuring compliance with various directives and regulations. In this article, we’ll discuss the key aspects of these developments.
Supervision
As a leading financial institution, LLB AG is supervised by the Liechtenstein Financial Market Authority (FMA). The company has also joined the Deposit Guarantee and Investor Compensation Foundation (EAS), demonstrating its commitment to protecting depositors’ interests. Key points related to supervision include:
- Compliance with FMA regulations
- Membership in EAS for depositor protection
Recovery and Resolution Planning
In line with the Bank Recovery and Resolution Directive (BRRD), LLB AG has developed a comprehensive recovery plan to ensure business continuity in the event of a financial crisis. The company also adheres to Minimum Requirements for Own Funds and Eligible Liabilities (MREL) set by the FMA.
- Recovery plan implementation
- Compliance with MREL requirements
Sustainability Regulation
The European Union has introduced several legislative initiatives to promote sustainable finance, including:
- Sustainable Finance Disclosure Regulation (SFDR)
- Taxonomy Regulation
- Corporate Sustainability Reporting Directive (CSRD)
LLB AG has implemented these regulations in its subsidiaries in Austria and continues to monitor regulatory developments.
- Implementation of SFDR, Taxonomy Regulation, and CSRD
- Ongoing monitoring of sustainability regulation
Please let me know if you have any specific questions or would like further clarification on any of the points mentioned above.