Regulatory Alerts2022-07-23
Partial Compliance with EBA Guidelines on the Delimitation and Declaration of Available Financial Means of Deposit Guarantee Schemes (EBA/GL/2021/17) (Repealed)
The French Prudential Control and Resolution Authority (ACPR) issued an opinion declaring partial compliance with the European Banking Authority's guidelines on the available financial means of Deposit Guarantee Schemes. The ACPR declared non-compliance with paragraphs 21 and 24, as their requirements regarding loan repayment contributions and inter-scheme lending deductions conflict with existing French legislation. All other provisions of the guidelines are applicable to the Deposit Guarantee and Resolution Fund (FGDR), which must implement them fully.
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