Regulatory Alerts2015-06-02
Instruction No. 2015-I-09 of March 2, 2015, regarding the application file for the advanced approach to liquidity risk, as amended by Instruction No. 2024-I-13 of October 24, 2024
The Prudential Control and Resolution Authority (ACPR) issued this instruction to define the specific documentation requirements for financial institutions seeking authorization to apply the advanced approach to liquidity risk under French regulations. It mandates that eligible entities submit a comprehensive application package in French via the ACPR portal, including a signed commitment letter, an internal validation report from the independent internal control unit, and supporting documents listed in the annexes. The instruction entered into force on January 1, 2016, replacing previous banking commission guidelines and establishing the procedural framework for ACPR's assessment of liquidity risk management capabilities.
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