ECB mulls response to French leverage ratio exemption
Supervisor could rewrite justification annulled by EU General Court, or appeal the ruling
The European Central Bank is weighing up its legal options to continue to block the leverage ratio exemption for deposits that six French banks transfer to a state-owned credit institution, Risk.net understands.
On July 13, the European Union’s General Court annulled the ECB’s decision to deny an exemption for deposits held at Caisse des Dépôts et Consignations, a public lender run by France’s parliament, where French banks place around 60% of deposits related to tax-free savings products such
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