EU Equivalence for Argentina's Prudential and Regulatory Requirements

An equivalence decision on the prudential and regulatory requirements in Argentina has been published in the Official Journal of the European Union. The equivalence decision means that EU banks may apply preferential risk weights and hold less regulatory capital for their exposures to Argentinian banks, investment firms, clearing houses, CCPs and exchanges as well as the Argentinian government, central bank and public bodies. Such an equivalence decision under CRR is one of the factors that a national regulator must take into account when deciding whether to adopt a domestic equivalence decision on consolidated supervision under the Capital Requirements Directive (i.e. whether to exercise consolidated supervision under EU rules to non-EU parents).

View the equivalence decision.

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