The division of responsibility for supervision between these two departments will be largely determined according to a risk-based approach, allowing them to specialise by risk exposure, complexity and business model of the credit institutions. The third Directorate General (DG Micro-Prudential Supervision III) will host the conduct of indirect supervision over less significant banking groups.
Second, we will strengthen information disclosure. The use of funds raised from green financial bonds in the interbank market is now required to be disclosed on a quarterly basis. Financial institutions are also required to report the use and allocation of green loans.