common procedures

What is common procedures?

common procedures definition and meaning on Finance terms:
Procedures which apply to both SIs and LSIs. The common procedures enable the ECB to apply the single European rulebook in a consistent way. Common procedures include: granting a banking licence to a new company or extending an initial licence; authorising an acquisition of a participation in an existing institution; withdrawing a banking licence. See also
less significant institution (LSI)
significant institution (SI)<