2021-12-07
Added · Updated
The Prudential Supervision and Resolution Authority (ACPR) has declared compliance with the European Banking Authority's guidelines regarding the assessment of exceptional breaches of large exposure limits. These guidelines specify the criteria for evaluating such breaches, as well as the deadlines and measures required for remediation. The regulations became applicable to credit institutions supervised by the ACPR on January 1, 2022, mandating full adherence under Article 16 of Regulation (EU) No 1093/2010.
Get ACPR alerts — same-day email on every new publication.
NOTICE
Compliance with the European Banking Authority Guidelines EBA/GL/2021/09 specifying the criteria for assessing exceptional cases of breach of large exposure limits, as well as the deadlines and measures to be taken for remediation The Prudential Supervision and Resolution Authority (ACPR) has declared compliance with the guidelines of the European Banking Authority (EBA/GL/2021/09) specifying the criteria for assessing exceptional cases of breach of large exposure limits, as well as the deadlines and measures to be taken for remediation, attached to this notice. These guidelines are applicable as of 1 January 2022 by 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).
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Source: Autorite de Controle Prudentiel et de Resolution — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from ACPR
We email you every new ACPR publication the day it's published.