FINANCE|financial institutions and credit
- monatóir ar chomhthiomsú cumhdaigh Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
- ga
- Context 'Beidh an monatóir ar chomhthiomsú cumhdaigh scoite agus neamhspleách ón institiúid chreidmheasa a eisíonn bannaí faoi chumhdach agus ó iniúchóir na hinstitiúide creidmheasa sin.' Reference Togra le haghaidh Treoir maidir le ceist na mbannaí faoi chumhdach agus na maoirseachta poiblí ar bhannaí faoi chumhdach lena leasaítear Treoir 2009/65/CE agus Treoir 2014/59/AE, CELEX:52018PC0094/GA
- cover pool monitor
- en
- Definition entity separate and independent from the financial institution issuing covered bonds [ IATE:2215699 ] and from that financial institution's auditor with the following main duties:- monitoring compliance of the cover pool [ IATE:3524199 ] with the regulatory requirements; - checking coverage and liquidity calculations; - verifying the correctness of the valuation of mortgages in the cover pool; - performing random audits of the assets in the cover pool; - ensuring correct registration in the cover registers; - approving removal/replacement/addition of the assets in the cover pool; and- using the proceeds of realised cover assets Reference COM-EN, based on: EBA Report on Covered Bonds, p. 70-71: European Banking Authority, https://www.eba.europa.eu/documents/10180/1699643/EBA+Report+on+Covered+Bonds+%28EBA-Op-2016-23%29.pdf [4.5.2018]Directive (EU) 2019/2162 on the issue of covered bonds and covered bond public supervision (20.8.2020)