Regulatory Alerts2020-10-14
Implementation of EBA Guidelines on the Treatment of Structural Foreign Exchange Positions (EBA/GL/2020/09)
The Prudential Supervision and Resolution Authority (ACPR) has declared compliance with the European Banking Authority's guidelines on the treatment of structural foreign exchange positions. These guidelines, annexed to the notice, apply to credit institutions supervised by the ACPR starting from January 1, 2022. Institutions are required to take all necessary measures to ensure adherence to these standards in accordance with Article 16 of Regulation (EU) No 1093/2010.
NOTICE Implementation of the European Banking Authority Guidelines on the Treatment of Structural Foreign Exchange Positions (EBA/GL/2020/09)
The Prudential Supervision and Resolution Authority (ACPR) has declared compliance with the European Banking Authority (EBA/GL/2020/09) guidelines regarding the treatment of structural foreign exchange positions. These guidelines are annexed to this notice.
These guidelines are applicable as of January 1, 2022, to credit institutions subject to the supervision of the ACPR, which must do everything in their power to comply with them, in accordance with the provisions of Article 16 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority).