Featured Product

    ACPR Affirms Decisions on CRR Implementation and Leverage Ratio Relief

    June 29, 2021

    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)

    Effective Date: June 28, 2021

    Keywords: Europe, France, Banking, Basel, CRR2, Less Significant Institutions, Investment Firms, COVID-19, Leverage Ratio, Regulatory Capital, ACPR

    Featured Experts
    Related Articles
    News

    OSFI Discusses Benchmark Rate Transition, Sets Out Work Priorities

    The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.

    May 17, 2022 WebPage Regulatory News
    News

    EBA Proposes Standards to Support Secondary NPL Markets

    The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.

    May 17, 2022 WebPage Regulatory News
    News

    EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution

    The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).

    May 13, 2022 WebPage Regulatory News
    News

    EBA Issues Standards for Crowdfunding Service Providers Under ECSPR

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.

    May 13, 2022 WebPage Regulatory News
    News

    EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution

    The European Securities and Markets Authority (ESMA) published a paper that examines the systemic risk posed by increasing use of cloud services, along with the potential policy options to mitigate this risk.

    May 12, 2022 WebPage Regulatory News
    News

    EC Consults on PSD2 and Open Finance; EU Reaches Agreement on DORA

    The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.

    May 11, 2022 WebPage Regulatory News
    News

    EC Mandates ESAs to Propose Amendments to SFDR Technical Standards

    The European Commission (EC) has issued two letters mandating the European Supervisory Authorities (ESAs) to jointly propose amendments to the regulatory technical standards under Sustainable Finance Disclosure Regulation or SFDR.

    May 11, 2022 WebPage Regulatory News
    News

    EBA Examines Supervisory Practices, Issues Deposits Reporting Template

    The European Banking Authority (EBA) published its annual report on convergence of supervisory practices for 2021. Additionally, following a request from the European Commission (EC),

    May 11, 2022 WebPage Regulatory News
    News

    SNB Updates NSFR Forms and FINMA Consults on Operational Risk Circular

    The Swiss National Bank (SNB) published Version 1.2 of the reporting forms (NSFR_G and NSFR_P) on the net stable funding ratio (NSFR) of banks, along with the associated documentation.

    May 10, 2022 WebPage Regulatory News
    News

    US Agency Publications Address Basel, Reporting, and CECL Developments

    The Farm Credit Administration published, in the Federal Register, the final rule on implementation of the Current Expected Credit Losses (CECL) methodology for allowances

    May 09, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8191