The French Prudential Supervisory Authority ACPR published a list of Global Systemically Important Institutions (EISm), along with a list of Other Systemically Important Institutions (A-EIS) in France. The lists provides information on the capital buffers applicable to systemically important institutions from January 01, 2020.
At the global level, the identification of systemic entities (banking and insurance institutions) has been entrusted to FSB. At the European level, the international methodologies for identifying global or domestic systemically important banks have been transposed into European law through the CRD IV directive (Article 131), providing that “Member States shall designate the authority in charge of identifying, on a consolidated basis, global systemically important institutions.” In France, ACPR is in charge of the identification of systemically important entities. Thus, it determines for the banking sector the list of global systemically important institutions (G-SII) and of other systemically important institutions (O-SII), along with the associated capital buffers. For G-SIIs, ACPR actively participates in the international identification exercise coordinated by BCBS. For O-SIIs, the principles of Basel methodology used in the CRD IV have been specified by the EBA guidelines.
Related Links (in French)
- Capital Buffers for EISm (PDF)
- Capital Buffers for A-EIS (PDF)
- Supervision of Systemic Entities by ACPR
Keywords: Europe, EU, France, Banking, G-SIBs, D-SIBs, Systemic Risk, Capital Buffers, CRD IV, Basel III, ACPR
Across 35 years in banking, Blake has gained deep insights into the inner working of this sector. Over the last two decades, Blake has been an Operating Committee member, leading teams and executing strategies in Credit and Enterprise Risk as well as Line of Business. His focus over this time has been primarily Commercial/Corporate with particular emphasis on CRE. Blake has spent most of his career with large and mid-size banks. Blake joined Moody’s Analytics in 2021 after leading the transformation of the credit approval and reporting process at a $25 billion bank.
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