Financial Conglomerates Directive (FICOD) | Practical Law
This note provides an overview of the Financial Conglomerates Directive (2002/87/EC) (FICOD), also referred to as the FCD or the Financial Groups Directive (FGD).
This note provides an overview of the Financial Conglomerates Directive (2002/87/EC) (FICOD), also referred to as the FCD or the Financial Groups Directive (FGD).
FICOD sets out a prudential regime for financial conglomerates. These are large financial groups, or sub-groups, that operate in the insurance sector and in the banking or investment services sectors (or both).