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- Controls:
- The Commission Bancaire is responsible for ensuring that the company complies with regulations.
- A specific controller, appointed with the approval of the Commission Bancaire, monitors the company's compliance with the articles of the law, in particular:
- the eligibility of assets according to the law,
- the adequacy between the assets and liabilities in terms of rates and maturity,
which must be at a sufficient level,
- the coverage ratio of debt benefiting from the Privilège by assets, which must always be greater than 100%
- For every debt issue, the specific controller certifies that the company complies with the coverage ratio. This is necessary in order to include the Privilège in the issue contract.
- Rating:
- The debt benefiting from the Privilège is rated by FITCH, Moody's and Standard & Poor's.
- This rating implies on their part:
- a regular review of assets,
- an agreement on hedging principles and policy concerning interest rate risk,
- the satisfaction of stress scenarios under the hypothesis of the winding down of
the balance sheet,
- an evaluation of the relations between Dexia MA and its parent company Dexia Crédit Local.
- The characteristics of the obligations foncières of Dexia MA correspond to criteria for AAA/Aaa/AAA ratings.
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Annual and quarterly financial statements
