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....