Q&A: French regulator defends bank rules for prop traders
ACPR official wants to set asset threshold for full CRR application below current €30 billion
When market participants attended a European Parliament hearing on the proposed prudential regime for investment firms on May 16, they were surprised to see an unfamiliar official sitting among the European Commission staff. He turned out to be from France’s Autorité de Contrôle Prudentiel et de Résolution, which prompted industry speculation on whether the French regulator had seconded an official to the EC for the specific purpose of overseeing this dossier.
This speculation fed into the long
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