ACPR Sets Out Lists of Systemically Important Institutions in France
The French Prudential Supervisory Authority (ACPR) published the list of the global systemically important institutions (G-SIIs or EISm), along with a list of the other systemically important institutions (O-SIIs or A-EIS) in France. The lists provide information on the capital buffers applicable to systemically important institutions from January 01, 2022. The G-SIIs on the list are BNP Paribas, Société Générale, Groupe Crédit Agricole, and Groupe BPCE (all four G-SIIs are O-SIIs too) while the O-SIIs are BNP Paribas, Société Générale, Groupe Crédit Agricole, Groupe BPCE, Groupe Crédit Mutuel, HSBC Contienta L Europe, and La Banque Postale.
For the banking sector in France, ACPR determines the names of G-SIIs and O-SIIs, along with the associated capital buffers. With respect to the determination of G-SIIs, ACPR actively participates in the international identification exercise coordinated by the asel Committee on Banking Supervision. For O-SIIs, the European Banking Authority (EBA) guidelines specify the principles of the Basel methodology within the Capital Requirements Directive (CRD) IV.
Related Links (in French)
Keywords: Europe, France, Banking, G-SII, O-SII, CRD IV, Basel, Systemic Risk, Regulatory Capital, EBA, ACPR
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Related Articles
NGFS Updates Address Short-Term Climate Scenarios and Transition Plans
The Network for Greening the Financial System (NGFS) is exploring the development of short-term climate scenarios to complement its existing scenario framework of long-term climate scenarios.
ISSB Updates Address ESG Issues while IASB Consults on Impairments
The International Sustainability Standards Board (ISSB) is seeking feedback, until August 09, 2023, on the exposure draft that sets out the methodology proposed by ISSB to amend the Sustainability Accounting Standards Board (SASB) Standards' metrics
ESRB Publishes Report on Cryptos and DeFi; ECB Updates on Digital Euro
The European Systemic Risk Board (ESRB) published a report that outlines the systemic implications of crypto markets and proposes policy options to address the risks stemming from crypto-assets and decentralized finance or DeFi.
EU Agencies Issue Updates on DORA, ESAP, and Crowdfunding Regulation
The European Supervisory Authorities (ESAs) published a discussion paper on their joint advice to the European Commission (EC) on proposals to specify criteria for critical information and communication technology (ICT) third-party service providers
UK Authorities Issue Updates, Finalize Policy on Model Risk Management
The Prudential Regulation Authority (PRA) finalized the model risk management principles for banks, the policy statement PS5/23 on risks from contingent leverage, and PS4/23 on moving senior managers regime forms from the PRA Rulebook.
APRA Revises Implementation Timeline for Operational Risk Standard
The Australian Prudential Regulation Authority (APRA) updated the implementation date of the new cross-industry prudential standard CPS 230 on operational risk management
BCBS Consults on Basel FAQs and Amendments, Issues Other Updates
The Basel Committee on Banking Supervision (BCBS) published a report assessing implementation of the global Basel standards on net stable funding ratio (NSFR) and large exposures (LEX) in South Africa
EBA Announces Multiple Regulatory and Reporting Updates in April 2023
The European Banking Authority (EBA) published consultations on the amendments to the guidelines on risk-based anti-money laundering and countering the financing of terrorism (AML/CFT) supervision
FSB Issues Statement on USD LIBOR Transition, Issues Other Updates
The Financial Stability Board (FSB) released a report that offers insights into how financial institutions incorporate climate-related metrics into their compensation frameworks
ACPR Issues Updates on Reporting by Banks and on DLT Pilot Scheme
The French Prudential Supervisory Authority (ACPR) published reporting updates for the banking sector
