ACPR Announces Capital Buffers for Systemically Important Institutions
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
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Previous Article
APRA Consults on Prudential Standard on Insurance in SuperannuationRelated Articles
BoE Clarifies Approach to Treatment of Payment Holidays on Form PL
BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.
BoE Provides Reporting Update on Form AS and Form FV
BoE updated the known issues document for the statistical reporting Forms AS and FV.
FED Announces Capital Requirements for Large Banks
FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.
SRB Publishes Guidance on Implementation of Bail-In Tool
SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.
BIS Publishes Update on G20 TechSprint Initiative
BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.
OSFI Provides Update on Implementation of IFRS 17 in Canada
OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.
EBA Provides Clarity on Implementation of Guidance on COVID Reporting
EBA updated the report on the implementation of selected COVID-19 policies.
FSI Note Discusses Challenges Associated with COVID Relief Measures
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
BCBS Consults on Principles for Operational Risk and Resilience
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
BoE Updates Template and Definitions for Form ER
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.
