Instruction No. 2015-I-24 of October 12, 2015 amending Instruction No. 2015-I-08 on the standard approach to liquidity risk

PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY

Instruction No. 2015-I-24 amending Instruction No. 2015-I-08 regarding the standard approach to liquidity risk

The Prudential Control and Resolution Authority, Having regard to the Monetary and Financial Code, in particular Articles L. 511-41 and L. 611-1; Having regard to the Order of May 5, 2009, relating to the identification, measurement, management and control of liquidity risk; Having regard to the Order of September 11, 2015, relating to the prudential regime for branches established on French territory by credit institutions having their registered office in a State that is not a member of the European Union nor a party to the Agreement on the European Economic Area; Having regard to Instruction No. 2015-I-08 regarding the standard approach to liquidity risk; Having regard to the opinion of the Prudential Affairs Advisory Commission dated September 18, 2015, Decides:

Article 1
Instruction No. 2015-I-08 regarding the standard approach to liquidity risk, cited above, is amended as follows:

1° An Article 8 is added:

"Article 8
Branches of credit institutions referred to in I of Article L. 511-10 of the Monetary and Financial Code are subject to the provisions of this Instruction until June 30, 2016."

Article 2
This Instruction enters into force on January 1, 2016.

Paris, October 12, 2015

The President of the Prudential Control Authority and Resolution, [Robert OPHÈLE]