ACPR published Decision No 2021-C-22 on temporary exclusion of certain central bank exposures from leverage ratio as well as Decision No 2021-C-23 on implementation of the Capital Requirements Regulation or CRR. For the prudential requirements applicable to less significant credit institutions, finance companies, and investment firms, as referred to in CRR, the implementation of these regulatory requirements in France will be in accordance with the provisions detailed in the appendix to this Decision. This decision will be published in the Official Register of ACPR. This decision came into effect on the date of entry into application of CRR2 (Regulation 2019/876), which was June 28, 2021. This decision repeals and replaces the amended Decision No. 2013-C-110 on implementation of CRR.
The Decision No 2021-C-22 on temporary exclusion of certain central bank exposures from leverage ratio is in line with Article 429a of CRR. Such exposures include deposits held at deposit facility and balances held in reserve accounts, including the assets held for the purpose of building up minimum reserves. The Decision is applicable until March 31, 2022. ACPR has decided to temporarily exclude the central bank exposures from the total exposure measure due to the COVID-19 pandemic. This decision is applicable to credit institutions that come under the direct supervision of ACPR and to investment firms referred to in CRR. This decision repeals and replaces Decision No. 2020-C-35 on leverage ratio relief as of June 28, 2021.
Related Links (in French)
- Decision on Implementation of CRR (PDF)
- Annex to the Decision (PDF)
- CRR (in English)
- Decision on Leverage Ratio Relief (PDF)
Effective Date: June 28, 2021
Keywords: Europe, France, Banking, Basel, CRR2, Less Significant Institutions, Investment Firms, COVID-19, Leverage Ratio, Regulatory Capital, 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 ArticleNBB Amends Guidelines on Use of Counterparty Identification Codes
The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.
The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.
The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.
The European Banking Authority (EBA) published a methodological guide to mystery shopping.
The Australian Prudential Regulation Authority (APRA) released a letter to authorized deposit-taking institutions to provide an update on key policy settings for the capital framework reforms, which will come into effect from January 01, 2023.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report that assesses the business continuity planning activities of financial market infrastructures or FMIs.
The Bank of England (BoE) published questions and answers (Q&A) on OSCA to BEEDS migration for statistical reporting as well a presentation from the project overview session held with statistical reporters.
The Basel Committee on Banking Supervision (BCBS) is consulting on a technical amendment to the Basel Framework to reflect a new process reviewing the global systemically important bank (G-SIB) assessment methodology.