- Question ID
-
2013_288
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Liquidity risk
- Article
-
411
- Paragraph
-
2
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Not applicable
- Article/Paragraph
-
NA
- Name of institution / submitter
-
European Banking Federation
- Country of incorporation / residence
-
Belgium
- Type of submitter
-
Industry association
- Subject matter
-
Definition of retail deposits.
- Question
-
Can the EBA confirm that retail bonds (both retail and small business) can be treated as retail deposits?
- Background on the question
-
NA
- Submission date
- Final publishing date
-
- Final answer
-
As from 1 October 2015, a retail bond may be treated as a retail deposit provided the conditions of Article 28(6) of the Commission Delegated Regulation (EU) 2015/61 are respected, namely the bond is sold exclusively in the retail market and held in a retail account, and limitations are placed ensuring that the bond cannot be bought and held by parties other than retail customers.
Disclaimer:
This question goes beyond matters of consistent and effective application of the regulatory framework. A Directorate General of the Commission (Directorate General for Financial Stability, Financial Services and Capital Markets Union) has prepared the answer, albeit that only the Court of Justice of the European Union can provide definitive interpretations of EU legislation. This is an unofficial opinion of that Directorate General, which the European Banking Authority publishes on its behalf. The answers are not binding on the European Commission as an institution. You should be aware that the European Commission could adopt a position different from the one expressed in such Q&As, for instance in infringement proceedings or after a detailed examination of a specific case or on the basis of any new legal or factual elements that may have been brought to its attention.
- Status
-
Final Q&A
- Answer prepared by
-
Answer prepared by the European Commission because it is a matter of interpretation of Union law.
- Note to Q&A
-
Update 26.03.2021: This Q&A has not yet been reviewed by the European Commission in the light of the changes introduced to Regulation (EU) No 575/2013 (CRR).