Skip to main content

AI Summary of 3.2.35

Version date: 1 March 2021 - onwards

3.2.35

In relation to the investment citizenship schemes, the EBA takes note of the actions recently taken by the co-legislators, [At the same time, the European Commission recently launched infringement procedures against Member States with Investor citizenship schemes, and the European Parliament in its resolution of 10 July 2020, called on Member States to phase out all existing citizenship by investment (CBI) or residency by investment (RBI) schemes as soon as possible.] but does not see grounds to amend the Guidelines, as the EBA considers these risks to fall under the broader categories of customer risk, country or geographical risks.