ECB slaps fine on Créd Ag for CET1 breach

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ECB slaps fine on Créd Ag for CET1 breach

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The European Central Bank announced on Monday that it was imposing a €4.8m penalty on Crédit Agricole for not obtaining prior permission for classifying instruments as common equity tier one (CET1) capital. It is the second largest fine it has handed to an entity in relation to its supervisory tasks.

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