France capital adequacy: large exposures to capital
France capital adequacy: large exposures to capital stood at 32.19% in Q1 2026, according to IMF – Financial Soundness Indicators (FSIC), data reported by Banque de France. It is one of the indicators in the Financial soundness indicators table (Value · Quarterly), with a complete series running from Q4 2010 to Q1 2026. The complete series with an interactive chart, free to download.
This indicator in the Financial soundness indicators table
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital adequacy of deposit takers | |||||||||||
| Large exposures to capital | 32.19 | 28.27 | 31.06 | 25.95 | 27.11 | 24.9 | 22.12 | 25.53 | 27.86 | 27.92 | |
| Regulatory capital to risk-weighted assets | 19.56 | 19.64 | 19.62 | 19.62 | 19.81 | 19.78 | 19.32 | 19.54 | 19.57 | 19.52 |
Understanding france capital adequacy: large exposures to capital
This series calculates the aggregate magnitude of large credit exposures held by deposit takers relative to their total regulatory capital base. Large exposures generally capture credit concentrations exceeding specified regulatory thresholds extended to individual counterparties or groups of connected clients. This metric monitors systemic concentration risk, differing from broad asset quality measures by focusing explicitly on extreme tail risks tied to single-name or sector-specific credit clusters.
Interpretation requires accounting for supervisory changes in concentration limits and the definition of connected counterparties. Early estimates are prone to revisions when complex corporate restructurings alter group boundaries or when intra-group exemptions are reassessed. Analysts must evaluate trends over extended periods to distinguish structural concentration shifts from temporary fluctuations driven by syndicated loan disbursements or maturing corporate debt.
Frequently asked questions
- What constitutes a large exposure in this context?
- An exposure to a single counterparty or connected group that surpasses a defined regulatory percentage of capital.
- How does this differ from general nonperforming loan indicators?
- It measures total credit concentration risk regardless of loan performance status, focusing on potential vulnerability to single defaults.
- Why might corporate restructurings impact this metric?
- Mergers or acquisitions alter connected client groupings, suddenly combining separate credit exposures into a single large exposure category.