ACPR notified that it will comply with the June 2020 EBA guideline (GL/2020/08) on legislative and non-legislative moratoria on loan repayments applied due to the COVID-19 pandemic. The EBA guideline GL/2020/08 amended the EBA guideline GL/2020/02 and extended the application date of GL/2020/02 from June 30, 2020 to September 30, 2020. ACPR also issued a notice to extend this EBA guideline (GL/2020/08) to finance companies. These finance companies do not fall within the definition of “financial institutions” referred to in Regulation 1093/2010. However, the requirements of Capital Requirements Directive (CRD IV) related to capital adequacy and risk management apply to these finance companies. This notice is applicable from the date of its publication in the Official Register of ACPR.
- Compliance Notice for EBA Guidelines (PDF in French)
- Extension of EBA Guidelines to Finance Companies (PDF in French)
- EBA Guidelines, June 2020 (PDF in English)
Effective Date: July 21, 2020
Keywords: Europe, France, Banking, COVID-19, Credit Risk, Securities, Loan Moratorium, CRD IV, Basel, EBA, ACPR
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
Previous ArticleDNB Announces Several Reporting Updates in July 2020
BCBS is consulting on two technical amendments to the rules on minimum haircut floors for securities financing transactions, or SFTs.
EC launched a targeted consultation on the review of crisis management and deposit insurance framework in EU.
EIOPA published a paper that sets out the methodological principles of insurance stress testing with a focus on the liquidity component.
BIS launched a EUR-denominated, open-ended fund for green bond investments by central banks and official institutions, following the launch of the first BIS green bond fund denominated in USD in September 2019.
EBA announced that it will launch the 2021 EU-wide stress test exercise, with the publication of the macroeconomic scenarios on January 29, 2021.
BoE announced that the reporting entities are no longer required to report Form CX after the fourth quarter of 2020 reference period, with the last collection on January 29, 2021.
PRA published Version 3 of the questions and answers (Q&A) on the Branch Return form, with this version superseding the version published in October 2020.
IAIS is consulting on a draft application paper on the supervision of control functions.
CFTC published a final rule to amend the margin requirements for uncleared swaps for swap dealers and major swap participants for which there is not a prudential regulator (CFTC Margin Rule).
ECB published a letter in which the President Christine Lagarde answered questions, from a Member of the European Parliament, on the application of the EU taxonomy on sustainable finance.