Regulatory Alerts2025-12-17
Added · Updated
Notice 2025 on the Calculation and Publication of Prudential Ratios under CRD4 and MREL Requirements
The Autorité de contrôle prudentiel et de résolution (ACPR) issues Notice 2025 to specify how credit institutions, investment firms, financing companies, third-country branches, and financial holding companies must calculate and publish prudential ratios for solvency, large exposures, leverage, and liquidity under the CRD4/CRR framework as amended by CRR3 and CRD6. The document details the ACPR's application of national options and discretions, incorporates Binding Technical Standards and EBA Q&As, and outlines specific requirements for the Minimum Requirement for Own Funds and Eligible Liabilities (MREL), including rules for 'daisy chains' effective in 2025. It supersedes the previous version published on December 30, 2024, and applies from the day following its publication in the ACPR official register.
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