ECB mulls response to French leverage ratio exemption

Supervisor could rewrite justification annulled by EU General Court, or appeal the ruling

ecb-office-frankfurt

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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