EBA: Opinion on measures to address macroprudential risk

EBA’s Opinion follows a notification by HCSF with regard to its intention to extend a measure introduced in 2018 on the use of Article 458(9) CRR. 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 resident in France or groups of connected NFCs assessed to be highly indebted and based in France. EBA does not object to the extension of the proposed measure, which will be applied from 1 July 2020 to 30 June 2021.