EBA · 2022_6540 Rejected question

Deposit broker

Name: Deposit broker: EBA Q&A — EU Financial Regulatory Q&A
Creator: European Banking Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: Regulation (EU) No 575/2013 (CRR)
Article: 411, para. 4
Topic: Liquidity risk
Submitted by: Credit institution
Submitted: 2022-07-29

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Question

If the original depositor is a PIC, could be classified as a deposit broker?

Background

Given the definition of deposit broker contained in Article 411 (4) of CRR2, it appears that CRR2 does not place any limit or restriction on the type of entity placing the deposit to be considered as a deposit broker, as it includes natural persons and undertakings. The Article 411 (4) explicitly states not to consider deposits by financial customers as deposit broker. Please consider the PIC definition in Article 411, paragraph 3: “the company or a trust, the owner or beneficial owner of which is a natural person or a group of closely related natural persons, who does not exercise any other industrial or professional activity[…]”. That said, can deposit placed by a company or a trust owned by natural person or a group of closely related natural persons considered a deposit broker?

No answer published yet.

Original source: European Banking Authority, Q&A ID 2022_6540

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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