EBA has launched a consultation on its draft Implementing Technical Standards (ITS) on the procedures, forms and templates that competent authorities in the EU should use when consulting each other on acquisitions and increases of qualifying holdings in credit institutions. The ITS aim to streamline information exchanges and ensure effective communications between relevant authorities, both on a cross-border basis and across sectors. EBA has proposed a streamlined process for information requests and related responses when competent authorities across the EU consult each other. The ITS propose more flexibility in respect of the information that an authority can require, whilst a list of minimum information that should be requested is also defined. Consultation runs until 10 February 2016. (Source: EBA Consults on Qualifying Holdings Information Exchanges)