The German Federal Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) will allow the less significant institutions (LSIs) that are under its direct supervision to temporarily exclude certain exposures to central banks in the calculation of the leverage ratio from 22 September 2020 until 27 June 2021. In accordance with Art. 500b of the Capital Requirements Regulation (CRR), the BaFin publicly declares, after consultation with the European Central Bank and in coordination with the Deutsche Bundesbank, that exceptional circumstances exist that warrant the exclusion.

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