While some call for the provisions to be applied across the board where the requirements laid down in Article 69 are met (abolition of discretion) and for the rules to be extended to European subsidiaries, others take a generally critical view, on grounds of risk, of the possibility of capital being held only at group level, and doubt whether an extension to European subsidiaries would be compatible with the Basel requirements, since in this case neither the single-institution supervision basically regarded in the European Union as being necessary nor the sub-consolidation and scrutiny at individual level envisaged in Basel II for banks 'operating internationally' would be effective.
While some call for the provisions to be applied across the board where the requirements laid down in Article 69 are met (abolition of discretion) and for the rules to be extended to European subsidiaries, others take a generally critical view, on grounds of risk, of the possibility of capital being held only at group level, and doubt whether an extension to European subsidiaries would be compatible with the Basel requirements, since in this case neither the single-institution supervision basically regarded in the European Union as being necessary nor the sub-consolidation and scrutiny at individual level envisaged in Basel II for banks 'operating internationally' would be effective.