Crédit Agricole
CRARY
Financials
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Crédit Agricole was fined €7.6 million by the European Central Bank in 2023 for failing to comply with regulations governing the recovery and resolution of failing banks. The ECB found the bank had not met its obligations to maintain a minimum requirement for own funds and eligible liabilities (MREL), a key prudential rule designed to protect taxpayers from bank bailouts. This regulatory failure highlights a breakdown in the bank's internal governance of its capital structure.
Separately, the bank has been cited in reports for its financing activities. In response to allegations, Crédit Agricole acknowledged providing financial services to a company linked to human rights concerns, though it stated the relationship complied with its policies.
Research Sources
1 organization
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The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.