CRR Regulation (EU) No 575/2013 on prudential requirements for credit institutions (Capital Requirements Regulation)

Version 2026-06-26· CELEX 32013R0575 · in force

• ANNEX I Classification of off-balance-sheet items44
• ANNEX II 23
• ANNEX III
• ANNEX IV
• Article 1 Scope
• Article 2 Supervisory powers
• Article 3 Application of stricter requirements by institutions
• Article 4 Definitions91
• Article 5 Definitions specific to capital requirements for credit risk
• Article 5a Definitions specific to crypto-assets
• Article 6 General principles
• Article 7 Derogation from the application of prudential requirements on an individual basis
• Article 8 Derogation from the application of liquidity requirements on an individual basis
• Article 9 Individual consolidation method
• Article 10 Waiver for credit institutions permanently affiliated to a central body
• Article 10a Application of prudential requirements on a consolidated basis where investment firms are parent undertakings
• Article 11 General treatment
• Article 12a Consolidated calculation for G-SIIs with multiple resolution entities
• Article 13 Application of disclosure requirements on a consolidated basis
• Article 14 Application of requirements of Article 5 of Regulation (EU) 2017/2402 on a consolidated basis
• Article 18 Methods of prudential consolidation1
• Article 19 Entities excluded from the scope of prudential consolidation
• Article 20 Joint decisions on prudential requirements
• Article 21 Joint decisions on the level of application of liquidity requirements
• Article 22 Sub-consolidation in the case of entities in third countries
• Article 23 Undertakings in third countries
• Article 24 Valuation of assets and off-balance sheet items
• Article 25 Tier 1 capital
• Article 26 Common Equity Tier 1 items4
• Article 27 Capital instruments of mutuals, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 items
• Article 28 Common Equity Tier 1 instruments
• Article 29 Capital instruments issued by mutuals, cooperative societies, savings institutions and similar institutions
• Article 30 Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be met1
• Article 31 Capital instruments subscribed by public authorities in emergency situations
• Article 32 Securitised assets
• Article 33 Cash flow hedges and changes in the value of own liabilities6
• Article 34 Additional value adjustments
• Article 35 Unrealised gains and losses measured at fair value
• Article 36 Deductions from Common Equity Tier 1 items
• Article 37 Deduction of intangible assets
• Article 38 Deduction of deferred tax assets that rely on future profitability
• Article 39 Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitability
• Article 40 Deduction of negative amounts resulting from the calculation of expected loss amounts
• Article 41 Deduction of defined benefit pension fund assets
• Article 42 Deduction of holdings of own Common Equity Tier 1 instruments
• Article 43 Significant investment in a financial sector entity
• Article 44 Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds
• Article 45 Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities
• Article 46 Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entity
• Article 47 Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entity
• Article 47a Non-performing exposures9
• Article 47b Forbearance measures27
• Article 47c Deduction for non-performing exposures
• Article 48 Threshold exemptions from deduction from Common Equity Tier 1 items
• Article 49 Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are applied
• Article 50 Common Equity Tier 1 capital
• Article 51 Additional Tier 1 items
• Article 52 Additional Tier 1 instruments
• Article 53 Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institution
• Article 54 Write down or conversion of Additional Tier 1 instruments
• Article 55 Consequences of the conditions for Additional Tier 1 instruments ceasing to be met
• Article 56 Deductions from Additional Tier 1 items
• Article 57 Deductions of holdings of own Additional Tier 1 instruments
• Article 58 Deduction of holdings of Additional Tier 1 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds
• Article 59 Deduction of holdings of Additional Tier 1 instruments of financial sector entities
• Article 60 Deduction of holdings of Additional Tier 1 instruments where an institution does not have a significant investment in a financial sector entity
• Article 61 Additional Tier 1 capital
• Article 62 Tier 2 items
• Article 63 Tier 2 instruments
• Article 64 Amortisation of Tier 2 instruments
• Article 65 Consequences of the conditions for Tier 2 instruments ceasing to be met
• Article 66 Deductions from Tier 2 items
• Article 67 Deductions of holdings of own Tier 2 instruments
• Article 68 Deduction of holdings of Tier 2 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds
• Article 69 Deduction of holdings of Tier 2 instruments of financial sector entities
• Article 70 Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entity
• Article 71 Tier 2 capital
• Article 72 Own funds
• Article 72a Eligible liabilities items
• Article 72b Eligible liabilities instruments
• Article 72c Amortisation of eligible liabilities instruments
• Article 72d Consequences of the eligibility conditions ceasing to be met
• Article 72e Deductions from eligible liabilities items
• Article 72f Deduction of holdings of own eligible liabilities instruments
• Article 72g Deduction base for eligible liabilities items
• Article 72h Deduction of holdings of eligible liabilities of other G-SII entities
• Article 72i Deduction of eligible liabilities where the institution does not have a significant investment in G-SII entities
• Article 72j Trading book exception from deductions from eligible liabilities items
• Article 72k Eligible liabilities
• Article 72l Own funds and eligible liabilities
• Article 73 Distributions on instruments
• Article 74 Holdings of capital instruments issued by regulated financial sector entities that do not qualify as regulatory capital
• Article 75 Deduction and maturity requirements for short positions
• Article 76 Index holdings of capital instruments and of liabilities
• Article 77 Conditions for reducing own funds and eligible liabilities
• Article 78 Supervisory permission to reduce own funds
• Article 78a Permission to reduce eligible liabilities instruments
• Article 79 Temporary waiver from deduction from own funds and eligible liabilities
• Article 79a Assessment of compliance with the conditions for own funds and eligible liabilities instruments
• Article 80 Continuing review of the quality of own funds and eligible liabilities instruments
• Article 81 Minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital
• Article 82 Qualifying Additional Tier 1, Tier 1, Tier 2 capital and qualifying own funds
• Article 83 Qualifying Additional Tier 1 and Tier 2 capital issued by a special purpose entity
• Article 84 Minority interests included in consolidated Common Equity Tier 1 capital
• Article 85 Qualifying Tier 1 instruments included in consolidated Tier 1 capital
• Article 86 Qualifying Tier 1 capital included in consolidated Additional Tier 1 capital
• Article 87 Qualifying own funds included in consolidated own funds
• Article 88 Qualifying own funds instruments included in consolidated Tier 2 capital
• Article 88a Qualifying eligible liabilities instruments
• Article 88b Undertakings in third countries
• Article 89 Risk weighting and prohibition of qualifying holdings outside the financial sector
• Article 90 Alternative to 1 250 % risk weight
• Article 91 Exceptions
• Article 92 Own funds requirements
• Article 92a Requirements for own funds and eligible liabilities for G-SIIs
• Article 92b Requirement for own funds and eligible liabilities for non-EU G-SIIs
• Article 93 Initial capital requirement on going concern
• Article 94 Derogation for small trading book business
• Article 102 Requirements for the trading book
• Article 103 Management of the trading book
• Article 104 Inclusion in the trading book
• Article 104a Reclassification of a position
• Article 104b Requirements for trading desk
• Article 104c Treatment of foreign exchange risk hedges of capital ratios
• Article 105 Requirements for prudent valuation
• Article 106 Internal Hedges
• Article 107 Approaches to credit risk
• Article 108 Use of credit risk mitigation techniques under the Standardised Approach and the IRB Approach for credit risk and dilution risk
• Article 109 Treatment of securitisation positions3
• Article 110 Treatment of credit risk adjustment
• Article 110a Monitoring of contractual arrangements that are not commitments
• Article 111 Exposure value
• Article 112 Exposure classes
• Article 113 Calculation of risk-weighted exposure amounts
• Article 114 Exposures to central governments or central banks
• Article 115 Exposures to regional governments or local authorities
• Article 116 Exposures to public sector entities
• Article 117 Exposures to multilateral development banks
• Article 118 Exposures to international organisations
• Article 119 Exposures to institutions
• Article 120 Exposures to rated institutions
• Article 121 Exposures to unrated institutions
• Article 122 Exposures to corporates
• Article 122a Specialised lending exposures
• Article 123 Retail exposures
• Article 123a Exposures with a currency mismatch
• Article 124 Exposures secured by mortgages on immovable property
• Article 125 Exposures secured by mortgages on residential property
• Article 126 Exposures secured by mortgages on commercial immovable property
• Article 126a Land acquisition, development and construction exposures
• Article 127 Exposures in default
• Article 128 Subordinated debt exposures
• Article 129 Exposures in the form of covered bonds2
• Article 130 Items representing securitisation positions
• Article 131 Exposures to institutions and corporates with a short-term credit assessment
• Article 132 Own funds requirements for exposures in the form of units or shares in CIUs
• Article 132a Approaches for calculating risk-weighted exposure amounts of CIUs
• Article 132b Exclusions from the approaches for calculating risk-weighted exposure amounts of CIUs
• Article 132c Treatment of off-balance-sheet exposures to CIUs
• Article 133 Equity exposures
• Article 134 Other items
• Article 135 Use of credit assessments by ECAIs
• Article 136 Mapping of ECAI's credit assessments
• Article 137 Use of credit assessments by export credit agencies
• Article 138 General requirements
• Article 139 Issuer and issue credit assessment
• Article 140 Long-term and short-term credit assessments
• Article 141 Domestic and foreign currency items
• Article 142 Definitions
• Article 143 Permission to use the IRB Approach
• Article 144 Competent authorities' assessment of an application to use an IRB Approach
• Article 145 Prior experience of using IRB approaches
• Article 146 Measures to be taken where the requirements of this Chapter cease to be met
• Article 147 Methodology to assign exposures to exposure classes4
• Article 148 Conditions for implementing the IRB Approach across different classes of exposure and business units
• Article 149 Conditions to revert to the use of less sophisticated approaches
• Article 150 Conditions for permanent partial use
• Article 151 Treatment by exposure class
• Article 152 Treatment of exposures in the form of units or shares in CIUs
• Article 153 Risk-weighted exposure amounts for exposures to central governments and central banks, exposures to regional governments, local authorities and public sector entities, exposures to institutions and exposures to corporates
• Article 154 Risk-weighted exposure amounts for retail exposures
• Article 156 Risk-weighted exposure amounts for other non credit-obligation assets
• Article 157 Risk-weighted exposure amounts for dilution risk of purchased receivables
• Article 158 Treatment by exposure type
• Article 159 Treatment of expected loss amounts, IRB shortfall and IRB excess
• Article 159a Non-application of PD, LGD and CCF input floors
• Article 160 Probability of default (PD)
• Article 161 Loss Given Default (LGD)
• Article 162 Maturity
• Article 163 Probability of default (PD)
• Article 164 Loss Given Default (LGD)
• Article 166 Exposures to corporates, institutions, central governments and central banks, regional governments, local authorities and public sector entities and retail exposures
• Article 168 Other non credit-obligation assets
• Article 169 General principles
• Article 170 Structure of rating systems
• Article 171 Assignment to grades or pools
• Article 172 Assignment of exposures
• Article 173 Integrity of assignment process
• Article 174 Use of models
• Article 175 Documentation of rating systems
• Article 176 Data maintenance
• Article 177 Stress tests used in assessment of capital adequacy
• Article 178 Default of an obligor or credit facility16
• Article 179 Overall requirements for estimation
• Article 180 Requirements specific to PD estimation
• Article 181 Requirements specific to own-LGD estimates
• Article 182 Requirements specific to own-conversion factor estimates
• Article 183 Requirements for assessing the effect of unfunded credit protection for exposures to central governments and central banks, exposures to regional governments, local authorities and public sector entities, and exposures to corporates, where own estimates of LGD are used and for retail exposures
• Article 184 Requirements for purchased receivables
• Article 185 Validation of internal estimates
• Article 189 Corporate Governance
• Article 190 Credit risk control
• Article 191 Internal Audit
• Article 192 Definitions
• Article 193 Principles for recognising the effect of credit risk mitigation techniques
• Article 194 Principles governing the eligibility of credit risk mitigation techniques
• Article 195 On-balance sheet netting
• Article 196 Master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market-driven transactions
• Article 197 Eligibility of collateral under all approaches and methods
• Article 198 Additional eligibility of collateral under the Financial Collateral Comprehensive Method
• Article 199 Additional eligibility for collateral under the IRB Approach
• Article 200 Other funded credit protection
• Article 201 Eligibility of protection providers under all approaches
• Article 203 Eligibility of guarantees as unfunded credit protection
• Article 204 Eligible types of credit derivatives
• Article 204a Eligible types of equity derivatives
• Article 205 Requirements for on-balance sheet netting agreements other than master netting agreements referred to in Article 206
• Article 206 Requirements for master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market driven transactions
• Article 207 Requirements for financial collateral
• Article 208 Requirements for immovable property collateral
• Article 209 Requirements for receivables
• Article 210 Requirements for other physical collateral
• Article 211 Requirements for treating lease exposures as collateralised
• Article 212 Requirements for other funded credit protection
• Article 213 Requirements common to guarantees and credit derivatives
• Article 214 Sovereign and other public sector counter-guarantees
• Article 215 Additional requirements for guarantees
• Article 216 Additional requirements for credit derivatives
• Article 218 Credit linked notes
• Article 219 On-balance-sheet netting
• Article 220 Using the Supervisory Volatility Adjustments Approach for master netting agreements
• Article 221 Using the internal models approach for master netting agreements
• Article 222 Financial Collateral Simple Method
• Article 223 Financial Collateral Comprehensive Method
• Article 224 Supervisory volatility adjustment under the Financial Collateral Comprehensive Method
• Article 226 Scaling up of volatility adjustment under the Financial Collateral Comprehensive Method
• Article 227 Conditions for applying a 0 % volatility adjustment under the Financial Collateral Comprehensive Method
• Article 228 Calculating risk-weighted exposure amounts under the Financial Collateral Comprehensive method for exposures treated under the Standardised Approach
• Article 229 Valuation principles for eligible collateral other than financial collateral
• Article 230 Calculating risk-weighted exposure amounts and expected loss amounts for an exposure with an eligible funded credit protection under the IRB Approach
• Article 231 Calculating risk-weighted exposure amounts and expected loss amounts in the case of pools of eligible funded credit protection for an exposure treated under the IRB Approach
• Article 232 Other funded credit protection
• Article 233 Valuation
• Article 234 Calculating risk-weighted exposure amounts and expected loss amounts in the event of partial protection and tranching
• Article 235 Calculating risk-weighted exposure amounts under the substitution approach where the guaranteed exposure is treated under the Standardised Approach
• Article 235a Calculating risk-weighted exposure amounts and expected loss amounts under the substitution approach where the guaranteed exposure is treated under the IRB Approach and a comparable direct exposure to the protection provider is treated under the Standardised Approach
• Article 236 Calculating risk-weighted exposure amounts and expected loss amounts under the substitution approach where the guaranteed exposure is treated under the IRB Approach without the use of own estimates of LGD and a comparable direct exposure to the protection provider is treated under the IRB Approach
• Article 236a Calculating risk-weighted exposure amounts and expected loss amounts under the substitution approach where the guaranteed exposure is treated under the IRB Approach using own estimates of LGD and a comparable direct exposure to the protection provider is treated under the IRB Approach
• Article 237 Maturity mismatch
• Article 238 Maturity of credit protection
• Article 239 Valuation of protection
• Article 242 Definitions
• Article 243 Criteria for STS securitisations qualifying for differentiated capital treatment
• Article 244 Traditional securitisation
• Article 245 Synthetic securitisation
• Article 246 Operational requirements for early amortisation provisions
• Article 247 Calculation of risk-weighted exposure amounts
• Article 248 Exposure value
• Article 249 Recognition of credit risk mitigation for securitisation positions
• Article 250 Implicit support
• Article 251 Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisation
• Article 252 Treatment of maturity mismatches in synthetic securitisations
• Article 253 Reduction in risk-weighted exposure amounts
• Article 254 Hierarchy of methods
• Article 255 Determination of KIRB and KSA
• Article 256 Determination of attachment point (A) and detachment point (D)
• Article 257 Determination of tranche maturity (MT)
• Article 258 Conditions for the use of the Internal Ratings Based Approach (SEC-IRBA)
• Article 259 Calculation of risk-weighted exposure amounts under the SEC-IRBA
• Article 260 Treatment of STS securitisations under the SEC-IRBA
• Article 261 Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA)
• Article 262 Treatment of STS securitisations under the SEC-SA
• Article 263 Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA)
• Article 264 Treatment of STS securitisations under the SEC-ERBA
• Article 265 Scope and operational requirements for the Internal Assessment Approach
• Article 266 Calculation of risk-weighted exposure amounts under the Internal Assessment Approach
• Article 267 Maximum risk weight for senior securitisation positions: look-through approach
• Article 268 Maximum capital requirements
• Article 269 Re-securitisations
• Article 269a Treatment of non-performing exposures (NPE) securitisations
• Article 270 Senior positions in STS on-balance sheet securitisations
• Article 270a Additional risk weight
• Article 270b Use of credit assessments by ECAIs
• Article 270c Requirements to be met by the credit assessments of ECAIs
• Article 270d Use of credit assessments
• Article 270e Securitisation mapping
• Article 271 Determination of the exposure value
• Article 272 Definitions
• Article 273 Methods for calculating the exposure value
• Article 273a Conditions for using simplified methods for calculating the exposure value
• Article 273b Non-compliance with the conditions for using simplified methods for calculating the exposure value of derivatives and the simplified approach for calculating the own funds requirements for CVA risk
• Article 274 Exposure value
• Article 275 Replacement cost
• Article 276 Recognition and treatment of collateral
• Article 277 Mapping of transactions to risk categories
• Article 277a Hedging sets
• Article 278 Potential future exposure
• Article 279 Calculation of the risk position
• Article 279a Supervisory delta
• Article 279b Adjusted notional amount
• Article 279c Maturity Factor
• Article 280 Hedging set supervisory factor coefficient
• Article 280a Interest rate risk category add-on
• Article 280b Foreign exchange risk category add-on
• Article 280c Credit risk category add-on
• Article 280d Equity risk category add-on
• Article 280e Commodity risk category add-on
• Article 280f Other risks category add-on
• Article 281 Calculation of the exposure value
• Article 282 Calculation of the exposure value
• Article 283 Permission to use the Internal Model Method
• Article 284 Exposure value
• Article 285 Exposure value for netting sets subject to a margin agreement
• Article 286 Management of CCR — Policies, processes and systems
• Article 287 Organisation structures for CCR management
• Article 288 Review of CCR management system
• Article 289 Use test
• Article 290 Stress testing
• Article 291 Wrong-Way Risk
• Article 292 Integrity of the modelling process
• Article 293 Requirements for the risk management system
• Article 294 Validation requirements
• Article 295 Recognition of contractual netting as risk-reducing
• Article 296 Recognition of contractual netting agreements
• Article 297 Obligations of institutions
• Article 298 Effects of recognition of netting as risk-reducing
• Article 299 Items in the trading book
• Article 300 Definitions
• Article 301 Material scope
• Article 302 Monitoring of exposures to CCPs
• Article 303 Treatment of clearing members' exposures to CCPs
• Article 304 Treatment of clearing members' exposures to clients
• Article 305 Treatment of clients' exposures
• Article 306 Own funds requirements for trade exposures
• Article 307 Own funds requirements for contributions to the default fund of a CCP
• Article 308 Own funds requirements for pre-funded contributions to the default fund of a QCCP
• Article 309 Own funds requirements for pre-funded contributions to the default fund of a non-qualifying CCP and for unfunded contributions to a non-qualifying CCP
• Article 310 Own funds requirements for unfunded contributions to the default fund of a QCCP
• Article 311 Own funds requirements for exposures to CCPs that cease to meet certain conditions
• Article 311a Definitions
• Article 312 Own funds requirement for operational risk
• Article 313 Business indicator component
• Article 314 Business indicator
• Article 315 Adjustments to the business indicator
• Article 316 Calculation of the annual operational risk loss
• Article 317 Loss data set
• Article 318 Calculation of net loss and gross loss
• Article 319 Loss data thresholds
• Article 320 Exclusion of losses
• Article 321 Inclusion of losses from merged or acquired entities or activities
• Article 322 Comprehensiveness, accuracy and quality of the loss data
• Article 323 Operational risk management framework
• Article 325 Approaches for calculating the own funds requirements for market risk
• Article 325a Conditions for using the simplified standardised approach
• Article 325aa Calculation of the own funds requirement for the default risk for securitisations
• Article 325ab Scope
• Article 325ac Jump-to-default amounts for the ACTP
• Article 325ad Calculation of the own funds requirements for the default risk for the ACTP
• Article 325ae Risk weights for general interest rate risk
• Article 325af Intra bucket correlations for general interest rate risk
• Article 325ag Correlations across buckets for general interest rate risk
• Article 325ah Risk weights for credit spread risk for non-securitisations
• Article 325ai Intra-bucket correlations for credit spread risk for non-securitisations
• Article 325aj Correlations across buckets for credit spread risk for non-securitisations
• Article 325ak Risk weights for credit spread risk for securitisations included in the ACTP
• Article 325al Correlations for credit spread risk for securitisations included in the ACTP
• Article 325am Risk weights for credit spread risk for securitisations not included in the ACTP
• Article 325an Intra-bucket correlations for credit spread risk for securitisations not included in the ACTP
• Article 325ao Correlations across buckets for credit spread risk for securitisations not included in the ACTP
• Article 325ap Risk weights for equity risk
• Article 325aq Intra-bucket correlations for equity risk
• Article 325ar Correlations across buckets for equity risk
• Article 325as Risk weights for commodity risk
• Article 325at Intra-bucket correlations for commodity risk
• Article 325au Correlations across buckets for commodity risk
• Article 325av Risk weights for foreign exchange risk
• Article 325aw Correlations for foreign exchange risk
• Article 325ax Vega and curvature risk weights
• Article 325ay Vega and curvature risk correlations
• Article 325az Alternative internal model approach and permission to use alternative internal models
• Article 325b Permission for consolidated requirements
• Article 325ba Own funds requirements when using alternative internal models
• Article 325bb Expected shortfall risk measure
• Article 325bc Partial expected shortfall calculations
• Article 325bd Liquidity horizons
• Article 325be Assessment of the modellability of risk factors
• Article 325bf Regulatory back-testing requirements and multiplication factors
• Article 325bg Profit and loss attribution requirement
• Article 325bh Requirements on risk measurement
• Article 325bi Qualitative requirements
• Article 325bj Internal validation
• Article 325bk Calculation of stress scenario risk measure
• Article 325bl Scope of the internal default risk model
• Article 325bm Permission to use an internal default risk model
• Article 325bn Own funds requirements for default risk using an internal default risk model
• Article 325bo Recognition of hedges in an internal default risk model
• Article 325bp Particular requirements for an internal default risk model
• Article 325c Scope, structure and qualitative requirements of the alternative standardised approach
• Article 325d Definitions
• Article 325e Components of the sensitivities-based method
• Article 325f Own funds requirements for delta and vega risks
• Article 325g Own funds requirements for curvature risk
• Article 325h Aggregation of risk-class specific own funds requirements for delta, vega and curvature risks
• Article 325i Treatment of index instruments and other multi-underlying instruments
• Article 325j Treatment of collective investment undertakings
• Article 325k Underwriting positions
• Article 325l General interest rate risk factors
• Article 325m Credit spread risk factors for non-securitisation
• Article 325n Credit spread risk factors for securitisation
• Article 325o Equity risk factors
• Article 325p Commodity risk factors
• Article 325q Foreign exchange risk factors
• Article 325r Delta risk sensitivities
• Article 325s Vega risk sensitivities
• Article 325t Requirements on sensitivity computations
• Article 325u Own funds requirements for residual risks
• Article 325v Definitions and general provisions
• Article 325w Gross jump-to-default amounts
• Article 325x Net jump-to-default amounts
• Article 325y Calculation of the own funds requirements for the default risk
• Article 325z Jump-to-default amounts
• Article 326 Own funds requirements for position risk
• Article 327 Netting
• Article 328 Interest rate futures and forwards
• Article 329 Options and warrants
• Article 330 Swaps
• Article 331 Interest rate risk on derivative instruments
• Article 332 Credit Derivatives
• Article 333 Securities sold under a repurchase agreement or lent
• Article 334 Net positions in debt instruments
• Article 335 Cap on the own funds requirement for a net position
• Article 336 Own funds requirement for non-securitisation debt instruments
• Article 337 Own funds requirement for securitisation instruments
• Article 338 Own funds requirement for the correlation trading portfolio
• Article 339 Maturity-based calculation of general risk
• Article 340 Duration-based calculation of general risk
• Article 341 Net positions in equity instruments
• Article 342 Specific risk of equity instruments
• Article 343 General risk of equity instruments
• Article 344 Stock indices
• Article 345 Reduction of net positions
• Article 346 Allowance for hedges by credit derivatives
• Article 347 Allowance for hedges by first and nth-to default credit derivatives
• Article 348 Own funds requirements for CIUs
• Article 349 General criteria for CIUs
• Article 350 Specific methods for CIUs
• Article 351 De minimis and weighting for foreign exchange risk
• Article 352 Calculation of the overall net foreign exchange position
• Article 353 Foreign exchange risk of CIUs
• Article 354 Closely correlated currencies
• Article 355 Choice of method for commodities risk
• Article 356 Ancillary commodities business
• Article 357 Positions in commodities
• Article 358 Particular instruments
• Article 359 Maturity ladder approach
• Article 360 Simplified approach
• Article 361 Extended maturity ladder approach
• Article 378 Settlement/delivery risk
• Article 379 Free deliveries
• Article 380 Waiver
• Article 381 Meaning of credit valuation adjustment
• Article 382 Scope
• Article 382a Approaches for calculating the own funds requirements for CVA risk
• Article 383 Standardised approach
• Article 383a Regulatory CVA model
• Article 383b Own funds requirements for delta and vega risks
• Article 383c Interest rate risk factors
• Article 383d Foreign exchange risk factors
• Article 383e Counterparty credit spread risk factors
• Article 383f Reference credit spread risk factors
• Article 383g Equity risk factors
• Article 383h Commodity risk factors
• Article 383i Delta risk sensitivities
• Article 383j Vega risk sensitivities
• Article 383k Risk weights for interest rate risk
• Article 383l Intra-bucket correlations for interest rate risk
• Article 383m Correlation across buckets for interest rate risk
• Article 383n Risk weights for foreign exchange risk
• Article 383o Correlations for foreign exchange risk
• Article 383p Risk weights for counterparty credit spread risk
• Article 383q Intra-bucket correlations for counterparty credit spread risk
• Article 383r Correlations across buckets for counterparty credit spread risk
• Article 383s Risk weights for reference credit spread risk
• Article 383t Intra-bucket correlations for reference credit spread risk
• Article 383u Correlations across buckets for reference credit spread risk
• Article 383v Risk weight buckets for equity risk
• Article 383w Correlations across buckets for equity risk
• Article 383x Risk weight buckets for commodity risk
• Article 383z Correlations across buckets for commodity risk
• Article 384 Basic approach
• Article 385 Simplified approach
• Article 386 Eligible hedges
• Article 387 Subject matter
• Article 389 Definition
• Article 390 Calculation of the exposure value
• Article 391 Definition of an institution for large exposures purposes
• Article 392 Definition of a large exposure
• Article 393 Capacity to identify and manage large exposures
• Article 394 Reporting requirements
• Article 395 Limits to large exposures
• Article 396 Compliance with large exposures requirements
• Article 397 Calculating additional own funds requirements for large exposures in the trading book
• Article 398 Procedures to prevent institutions from avoiding the additional own funds requirement
• Article 399 Eligible credit mitigation techniques
• Article 400 Exemptions
• Article 401 Calculating the effect of the use of credit risk mitigation techniques
• Article 402 Exposures arising from mortgage lending
• Article 403 Substitution approach
• Article 411 Definitions
• Article 412 Liquidity coverage requirement
• Article 413 Stable funding requirement
• Article 414 Compliance with liquidity requirements
• Article 415 Reporting obligation and reporting format
• Article 416 Reporting on liquid assets
• Article 417 Operational requirements for holdings of liquid assets
• Article 418 Valuation of liquid assets
• Article 419 Currencies with constraints on the availability of liquid assets
• Article 420 Liquidity outflows
• Article 421 Outflows on retail deposits
• Article 422 Outflows on other liabilities
• Article 423 Additional outflows
• Article 424 Outflows from credit and liquidity facilities
• Article 425 Inflows
• Article 426 Updating Future liquidity requirements
• Article 427 Items providing stable funding
• Article 428 Items requiring stable funding1
• Article 428a Application on a consolidated basis
• Article 428aa 30 % required stable funding factor
• Article 428ab 35 % required stable funding factor
• Article 428ac 40 % required stable funding factor
• Article 428ad 50 % required stable funding factor
• Article 428ae 55 % required stable funding factor
• Article 428af 65 % required stable funding factor
• Article 428ag 85 % required stable funding factor
• Article 428ah 100 % required stable funding factor
• Article 428ai Derogation for small and non-complex institutions
• Article 428aj Simplified calculation of the amount of available stable funding
• Article 428ak Residual maturity of a liability or own funds
• Article 428al 0 % available stable funding factor
• Article 428am 50 % available stable funding factor
• Article 428an 90 % available stable funding factor
• Article 428ao 95 % available stable funding factor
• Article 428ap 100 % available stable funding factor
• Article 428aq Simplified calculation of the amount of required stable funding
• Article 428ar Residual maturity of an asset
• Article 428as 0 % required stable funding factor
• Article 428at 5 % required stable funding factor
• Article 428au 10 % required stable funding factor
• Article 428av 20 % required stable funding factor
• Article 428aw 50 % required stable funding factor
• Article 428ax 55 % required stable funding factor
• Article 428ay 85 % required stable funding factor
• Article 428az 100 % required stable funding factor
• Article 428b The net stable funding ratio
• Article 428c Calculation of the net stable funding ratio
• Article 428d Derivative contracts
• Article 428e Netting of secured lending transactions and capital market-driven transactions
• Article 428f Interdependent assets and liabilities
• Article 428g Deposits in institutional protection schemes and cooperative networks
• Article 428h Preferential treatment within a group or within an institutional protection scheme
• Article 428i Calculation of the amount of available stable funding
• Article 428j Residual maturity of a liability or of own funds
• Article 428k 0 % available stable funding factor
• Article 428l 50 % available stable funding factor
• Article 428m 90 % available stable funding factor
• Article 428n 95 % available stable funding factor
• Article 428o 100 % available stable funding factor
• Article 428p Calculation of the amount of required stable funding
• Article 428q Residual maturity of an asset
• Article 428r 0 % required stable funding factor
• Article 428s 5 % required stable funding factor
• Article 428t 7 % required stable funding factor
• Article 428u 7,5 % required stable funding factor
• Article 428v 10 % required stable funding factor
• Article 428w 12 % required stable funding factor
• Article 428x 15 % required stable funding factor
• Article 428y 20 % required stable funding factor
• Article 428z 25 % required stable funding factor
• Article 429 Calculation of the leverage ratio
• Article 429a Exposures excluded from the total exposure measure
• Article 429b Calculation of the exposure value of assets
• Article 429c Calculation of the exposure value of derivatives
• Article 429d Additional provisions on the calculation of the exposure value of written credit derivatives
• Article 429e Counterparty credit risk add-on for securities financing transactions
• Article 429f Calculation of the exposure value of off-balance-sheet items
• Article 429g Calculation of the exposure value of regular-way purchases and sales awaiting settlement
• Article 430 Reporting on prudential requirements and financial information
• Article 430a Specific reporting obligations
• Article 430c Feasibility report on the integrated reporting system
• Article 431 Disclosure requirements and policies
• Article 432 Non-material, proprietary or confidential information
• Article 433 Frequency and scope of disclosures
• Article 433a Disclosures by large institutions
• Article 433b Disclosures by small and non-complex institutions
• Article 433c Disclosures by other institutions
• Article 434 Means of disclosures
• Article 434a Uniform disclosure formats
• Article 434b Accessibility of information on the European single access point
• Article 434c Report on the feasibility of the use of information reported by institutions other than small and non-complex institutions to publish an extended set of disclosures on the EBA website
• Article 435 Disclosure of risk management objectives and policies
• Article 436 Disclosure of the scope of application
• Article 437 Disclosure of own funds
• Article 437a Disclosure of own funds and eligible liabilities
• Article 438 Disclosure of own funds requirements and risk-weighted exposure amounts
• Article 439 Disclosure of exposures to counterparty credit risk
• Article 440 Disclosure of countercyclical capital buffers
• Article 441 Disclosure of indicators of global systemic importance
• Article 442 Disclosure of exposures to credit risk and dilution risk1
• Article 443 Disclosure of encumbered and unencumbered assets
• Article 444 Disclosure of the use of the Standardised Approach
• Article 445 Disclosure of exposures to market risk under the standardised approach
• Article 445a Disclosure of CVA risk
• Article 446 Disclosure of operational risk
• Article 447 Disclosure of key metrics
• Article 448 Disclosure of exposures to interest rate risk on positions not held in the trading book
• Article 449 Disclosure of exposures to securitisation positions
• Article 449a Disclosure of environmental, social and governance risks (ESG risks)
• Article 449b Disclosure of aggregate exposure to shadow banking entities
• Article 450 Disclosure of remuneration policy
• Article 451 Disclosure of the leverage ratio
• Article 451a Disclosure of liquidity requirements
• Article 451b Disclosure of crypto-asset exposures and related activities
• Article 452 Disclosure of the use of the IRB Approach to credit risk
• Article 453 Disclosure of the use of credit risk mitigation techniques
• Article 454 Disclosure of the use of the Advanced Measurement Approaches to operational risk
• Article 455 Use of internal models for market risk
• Article 456 Delegated acts
• Article 457 Technical adjustments and corrections
• Article 458 Macroprudential or systemic risk identified at the level of a Member State
• Article 459 Prudential requirements
• Article 460 Liquidity
• Article 461 Review of the phasing-in of the liquidity coverage requirement
• Article 461a Own funds requirements for market risk
• Article 462 Exercise of the delegation
• Article 463 Objections to regulatory technical standards
• Article 464 European Banking Committee
• Article 465 Transitional arrangements for the output floor
• Article 466 First time application of International Financial Reporting Standards
• Article 468 Temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income
• Article 469 Deductions from Common Equity Tier 1 items
• Article 469a Derogation from deductions from Common Equity Tier 1 items for non-performing exposures
• Article 470 Exemption from deduction from Common Equity Tier 1 items
• Article 471 Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 Items
• Article 472 Items not deducted from Common Equity Tier 1
• Article 473 Introduction of amendments to IAS 19
• Article 473a Introduction of IFRS 9
• Article 474 Deductions from Additional Tier 1 items
• Article 475 Items not deducted from Additional Tier 1 items
• Article 476 Deductions from Tier 2 items
• Article 477 Deductions from Tier 2 items
• Article 477a Deductions from eligible liabilities items
• Article 478 Applicable percentages for deduction from Common Equity Tier 1, Additional Tier 1 and Tier 2 items
• Article 479 Recognition in consolidated Common Equity Tier 1 capital of instruments and items that do not qualify as minority interests
• Article 480 Recognition in consolidated own funds of minority interests and qualifying Additional Tier 1 and Tier 2 capital
• Article 481 Additional filters and deductions
• Article 482 Scope of application for derivatives transactions with pension funds
• Article 483 Grandfathering of State aid instruments
• Article 484 Eligibility for grandfathering of items that qualified as own funds under national transposition measures for Directive 2006/48/EC
• Article 485 Eligibility for inclusion in the Common Equity Tier 1 of share premium accounts related to items that qualified as own funds under national transposition measures for Directive 2006/48/EC
• Article 486 Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items
• Article 487 Items excluded from grandfathering in Common Equity Tier 1 or Additional Tier 1 items in other elements of own funds
• Article 488 Amortisation of items grandfathered as Tier 2 items
• Article 489 Hybrid instruments with a call and incentive to redeem
• Article 490 Tier 2 items with an incentive to redeem
• Article 491 Effective maturity
• Article 492 Disclosure of own funds
• Article 493 Transitional provisions for large exposures
• Article 494 Transitional provisions concerning the requirement for own funds and eligible liabilities
• Article 494a Grandfathering of issuances through special purpose entities
• Article 494b Grandfathering of own funds instruments and eligible liabilities instruments
• Article 494c Grandfathering of senior securitisation positions
• Article 494d Reversion to less sophisticated approaches
• Article 495 Treatment of equity exposures under the IRB Approach
• Article 495a Transitional arrangements for equity exposures
• Article 495b Transitional arrangements for specialised lending exposures
• Article 495c Transitional arrangements for leasing exposures as a credit risk mitigation technique
• Article 495d Transitional arrangements for unconditional cancellable commitments
• Article 495e Transitional arrangements for ECAI credit assessments of institutions
• Article 495f Transitional arrangements for property revaluation requirements
• Article 495g Transitional arrangements for certain public guarantees schemes
• Article 495h Transitional arrangements for the use of the alternative internal model approach for market risk
• Article 497 Own funds requirements for exposures to CCPs
• Article 498 Exemption for Commodities dealers
• Article 499 Leverage
• Article 500 Adjustment for massive disposals
• Article 500a Temporary treatment of public debt issued in the currency of another Member State
• Article 500b Temporary exclusion of certain exposures to central banks from the total exposure measure in view of the COVID-19 pandemic
• Article 500c Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemic
• Article 500d Temporary calculation of the exposure value of regular-way purchases and sales awaiting settlement in view of the COVID-19 pandemic
• Article 501 Adjustment of risk-weighted non-defaulted SME exposures
• Article 501a Adjustment to own funds requirements for credit risk for exposures to entities that operate or finance physical structures or facilities, systems and networks that provide or support essential public services
• Article 501b Derogation from reporting requirements
• Article 501c Prudential treatment of exposures to environmental or social factors
• Article 501d Transitional provisions on the prudential treatment of crypto-assets
• Article 502 Cyclicality of capital requirements
• Article 503 Own funds requirements for exposures in the form of covered bonds
• Article 504 Capital instruments subscribed by public authorities in emergency situations
• Article 504a Holdings of eligible liabilities instruments
• Article 505 Review of agricultural financing
• Article 506 Credit risk — credit insurance
• Article 506a CIUs with an underlying portfolio of euro area sovereign bonds
• Article 506b NPE securitisations
• Article 506c Credit risk — interaction between Common Equity Tier 1 capital reductions and credit risk parameters
• Article 506d Prudential treatment of securitisation
• Article 506e Recognition of capped or floored unfunded credit protection
• Article 506f Prudential treatment of securities financing transactions
• Article 507 Large exposures
• Article 508 Level of application
• Article 509 Liquidity requirements
• Article 510 Net Stable Funding Requirements
• Article 511 Leverage
• Article 512 Exposures to transferred credit risk
• Article 513 Macroprudential rules
• Article 514 Method for the calculation of the exposure value of derivative transactions
• Article 515 Monitoring and evaluation
• Article 516 Long-term financing
• Article 517 Definition of eligible capital
• Article 518 Review of capital instruments which may be written down or converted at the point of non-viability
• Article 518a Review of cross-default provisions
• Article 518b Report on overshootings and supervisory powers to limit distributions
• Article 518c Review of the framework for prudential requirements
• Article 519 Deduction of defined benefit pension fund assets from Common Equity Tier 1 items
• Article 519a Reporting and review
• Article 519b Own funds requirements for market risk
• Article 519c Compliance tool
• Article 519d Minimum haircut floor framework for securities financing transactions
• Article 519 e Operational risk
• Article 519f Proportionality
• Article 520 Amendment of Regulation (EU) No 648/2012
• Article 520a Application of own funds requirements for market risk
• Article 521 Entry into force and date of application