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Europe Daily Bulletin No. 12062

14 July 2018
Contents Publication in full By article 31 / 47
COURT OF JUSTICE OF THE EU / Banks
General Court says ECB could not refuse six French banks leave to exclude certain exposures from leverage ratio calculation
Brussels, 13/07/2018 (Agence Europe)

On Friday 13 July, the General Court of the EU overturned the decisions of the ECB denying six French banks - Banque postale, Crédit Mutuel, Société Générale, Crédit Agricole and BNP Paribas - leave to exclude certain exposures related to French savings certificates from the leverage ratio calculation (cases T-733/16, T-745/16, T-751/16, T-757/16, T-758/16 and T-768/16).

To allow a better readability of the level of banks' equity, the European legislator introduced a leverage ratio....

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