EBA · 2015_2426 Rejected question

Corporate Treasury Entities

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
411, para. 1
Topic
Liquidity risk
Submitted by
Credit institution
Submitted
2015-10-19
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Question

How should a non-banking entity within a non-financial group set up to act as a central corporate treasury function be classified for the purposes of LCR?

Background

It is uncertain whether a non-banking entity within a non-financial group set up to act as a central corporate treasury function would qualify as a financial customer under Article 3(9)(a) to(i) of the Delegated Regulation 2015/61. The only way such an entity could qualify as a financial customer would be if it performed an activity listed in Annex I of Directive 2013/36/ (CRD). The only activity that could apply here would be activity No. (1) of the list of activities subject to mutual recognition, i.e. "Taking deposits and other repayable funds".
No answer published yet.

Original source: European Banking Authority, Q&A ID 2015_2426

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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