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    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

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