Regulatory Alerts2023-09-20
Instruction No. 2023-I-11 of September 20, 2023, on the sectoral systemic risk buffer as defined by HCSF Decision No. D-HCSF-2023-3
The French Prudential Control and Resolution Authority (ACPR) issues this instruction to implement the sectoral systemic risk buffer established by the High Council for Financial Stability (HCSF) for non-financial corporate groups with high leverage. The directive mandates that subject institutions calculate and report quarterly exposures to French non-financial client groups, applying a specific risk buffer when leverage ratios exceed defined thresholds. Reporting requirements include detailed financial data submission via secure formats to the ACPR Secretariat General, with initial transitional provisions for the September 2023 reporting period.
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