Macroprudential measures – France
The French measure, applied in accordance with Article 458(2)(d)(ii) of Regulation (EU) No 575/2013 and imposed on G-SIIs and O-SIIs at the highest level of consolidation of their banking prudential perimeter (not at the sub-consolidated level), consists of a tightening of the large exposure limit to 5 per cent of their eligible capital, applicable to exposures to highly-indebted large non-financial corporations having their registered office in France.
The Czech National Bank does not reciprocate this measure, as the exposure of domestic banks to non-financial corporations having their registered office in France is very low. However, the Czech National Bank will continuously assess the volume of these exposures and stands ready to amend its decision if necessary.
Prague, 5 March 2019