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The European Banking Authority (EBA) published today an Opinion following the notification by the French macroprudential authority, the Haut Conseil de Stabilité Financière, of its intention to extend for a second time a measure introduced in 2018 to safeguard the resilience of systemic institutions from excessive risk-taking and to prevent the build-up of future vulnerabilities. The measure intends to tighten, for French global or other systemically important institutions, the large-exposure limits applicable to large and highly indebted non-financial corporations (NFCs) or groups of connected NFCs assessed to be highly indebted. Based on the evidence submitted, the EBA does not object to the extension of the proposed measure, which will be applied for two years from 1 July 2021 to 30 June 2023.

The European Banking Authority (EBA) published today an erratum of the technical package on the reporting framework 3.0.1. This is to correct mainly data type of two metrics and to modify the domain of the securitisation internal code (SIC) dimension. The impacted modules are COREP OF and COREP LE.