Regulatory Alerts2021-07-01
Communication of 30 June 2021: Exclusion of certain exposures to central banks from the leverage ratio calculation in light of the COVID-19 pandemic - Exercise of discretion for less significant banks
The Bank of Italy issued this communication to formally establish and publicly declare the existence of exceptional circumstances justifying the exclusion of central bank exposures from the leverage ratio calculation for less significant banks. This measure, aligned with the European Central Bank's confirmation, applies from 28 June 2021 to 31 March 2022 to support monetary policy transmission during the COVID-19 pandemic. The Bank of Italy waived public consultation and impact analysis due to the urgent context and the absence of additional costs for financial operators.
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