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QA2019-22 - Cross-border concept for Deposits

QA2019-22 - Cross-border concept for Deposits

Owned by SRB Services
Feb 01, 2024
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QA2019-22

Question


How should the cross-border concept be applied to deposits? As an illustration, should we consider deposits of US clients of a French bank as a cross-border deposit?


Response


Yes, the objective is to capture the market where the service is offered. You should consider all the deposits of non-residents as cross-border exposures. Non-residency means that the client is not located in country of incorporation of the reporting entity.