Regulatory Alerts2017-10-04
Implementation of EBA Guidelines on the publication of the Liquidity Coverage Ratio (EBA/GL/2017/01)
The ACPR College declared conformity with the European Banking Authority's guidelines on publishing the Liquidity Coverage Ratio to complement liquidity risk management disclosures under Article 435 of Regulation (EU) No 575/2013. While the guidelines apply to systemically important credit institutions, the ACPR decided not to apply them to credit institutions not subject to direct European Central Bank supervision. This exemption covers entities outside the ECB's direct supervisory remit, such as non-global systemically important French credit institutions.
NOTICE Implementation of the European Banking Authority (EBA) Guidelines (EBA/GL/2017/01) on the publication of the LCR The College of the Prudential Supervision and Resolution Authority (ACPR) has declared itself compliant with the European Banking Authority's (EBA/GL/2017/01) guidelines on the publication of the LCR, with a view to complementing the publication of liquidity risk management under Article 435 of Regulation (EU) No 575/2013. Under the conditions set out in paragraph 7 of these guidelines, they apply to systemically important credit institutions. Furthermore, competent authorities may require other credit institutions to apply all or part of these guidelines. In this context, the ACPR College has decided not to apply these guidelines to credit institutions that are not subject to direct supervision by the ECB[1].
[1] The ECB is competent with regard to credit institutions under its direct supervision, notably global systemically important credit institutions (G-SICIs) and other systemically important credit institutions (O-SICIs).