PART ONE - GENERAL PROVISIONS (Article 1-24)TITLE I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-5a)Article 1 - ScopeArticle 2 - Supervisory powers Article 3 - Application of stricter requirements by institutions Q&AArticle 4 - Definitions RTSQ&AGLArticle 5 - Definitions specific to capital requirements for credit risk Q&AArticle 5a - Definitions specific to crypto-assetsTITLE II - LEVEL OF APPLICATION OF REQUIREMENTS (Article 6-24)CHAPTER 1 - Application of requirements on an individual basis (Article 6-10)Article 6 - General principles Q&AArticle 7 - Derogation from the application of prudential requirements on an individual basis Q&AArticle 8 - Derogation from the application of liquidity requirements on an individual basis Q&AGLArticle 9 - Individual consolidation method Q&AArticle 10 - Waiver for credit institutions permanently affiliated to a central body CHAPTER 2 - Prudential consolidation (Article 10a-24)Section 1 - Application of requirements on a consolidated basis (Article 10a-17)Article 10a - Application of prudential requirements on a consolidated basis where investment firms are parent undertakingsArticle 11 - General treatment Q&AArticle 12 - Financial holding company or mixed financial holding company with both a subsidiary credit institution and a subsidiary investment firm [repealed] Article 12a - Consolidated calculation for G-SIIs with multiple resolution entities Q&AArticle 13 - Application of disclosure requirements on a consolidated basis Q&AArticle 14 - Application of requirements of Article 5 of Regulation (EU) 2017/2402 on a consolidated basis Q&AArticle 15 - Derogation from the application of own funds requirements on a consolidated basis for groups of investment firms [repealed] Article 16 - Derogation from the application of the leverage ratio requirements on a consolidated basis for groups of investment firms [repealed] Article 17 - Supervision of investment firms waived from the application of own funds requirements on a consolidated basis [repealed]Section 2 - Methods for prudential consolidation (Article 18)Article 18 - Methods of prudential consolidation RTSQ&ASection 3 - Scope of prudential consolidation (Article 19-24)Article 19 - Entities excluded from the scope of prudential consolidation Q&AGLArticle 20 - Joint decisions on prudential requirements ITSArticle 21 - Joint decisions on the level of application of liquidity requirementsArticle 22 - Sub-consolidation in case of entities in third countries Q&AArticle 23 - Undertakings in third countriesArticle 24 - Valuation of assets and off-balance sheet items Q&A
TITLE I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-5a)Article 1 - ScopeArticle 2 - Supervisory powers Article 3 - Application of stricter requirements by institutions Q&AArticle 4 - Definitions RTSQ&AGLArticle 5 - Definitions specific to capital requirements for credit risk Q&AArticle 5a - Definitions specific to crypto-assets
TITLE II - LEVEL OF APPLICATION OF REQUIREMENTS (Article 6-24)CHAPTER 1 - Application of requirements on an individual basis (Article 6-10)Article 6 - General principles Q&AArticle 7 - Derogation from the application of prudential requirements on an individual basis Q&AArticle 8 - Derogation from the application of liquidity requirements on an individual basis Q&AGLArticle 9 - Individual consolidation method Q&AArticle 10 - Waiver for credit institutions permanently affiliated to a central body CHAPTER 2 - Prudential consolidation (Article 10a-24)Section 1 - Application of requirements on a consolidated basis (Article 10a-17)Article 10a - Application of prudential requirements on a consolidated basis where investment firms are parent undertakingsArticle 11 - General treatment Q&AArticle 12 - Financial holding company or mixed financial holding company with both a subsidiary credit institution and a subsidiary investment firm [repealed] Article 12a - Consolidated calculation for G-SIIs with multiple resolution entities Q&AArticle 13 - Application of disclosure requirements on a consolidated basis Q&AArticle 14 - Application of requirements of Article 5 of Regulation (EU) 2017/2402 on a consolidated basis Q&AArticle 15 - Derogation from the application of own funds requirements on a consolidated basis for groups of investment firms [repealed] Article 16 - Derogation from the application of the leverage ratio requirements on a consolidated basis for groups of investment firms [repealed] Article 17 - Supervision of investment firms waived from the application of own funds requirements on a consolidated basis [repealed]Section 2 - Methods for prudential consolidation (Article 18)Article 18 - Methods of prudential consolidation RTSQ&ASection 3 - Scope of prudential consolidation (Article 19-24)Article 19 - Entities excluded from the scope of prudential consolidation Q&AGLArticle 20 - Joint decisions on prudential requirements ITSArticle 21 - Joint decisions on the level of application of liquidity requirementsArticle 22 - Sub-consolidation in case of entities in third countries Q&AArticle 23 - Undertakings in third countriesArticle 24 - Valuation of assets and off-balance sheet items Q&A
CHAPTER 1 - Application of requirements on an individual basis (Article 6-10)Article 6 - General principles Q&AArticle 7 - Derogation from the application of prudential requirements on an individual basis Q&AArticle 8 - Derogation from the application of liquidity requirements on an individual basis Q&AGLArticle 9 - Individual consolidation method Q&AArticle 10 - Waiver for credit institutions permanently affiliated to a central body
CHAPTER 2 - Prudential consolidation (Article 10a-24)Section 1 - Application of requirements on a consolidated basis (Article 10a-17)Article 10a - Application of prudential requirements on a consolidated basis where investment firms are parent undertakingsArticle 11 - General treatment Q&AArticle 12 - Financial holding company or mixed financial holding company with both a subsidiary credit institution and a subsidiary investment firm [repealed] Article 12a - Consolidated calculation for G-SIIs with multiple resolution entities Q&AArticle 13 - Application of disclosure requirements on a consolidated basis Q&AArticle 14 - Application of requirements of Article 5 of Regulation (EU) 2017/2402 on a consolidated basis Q&AArticle 15 - Derogation from the application of own funds requirements on a consolidated basis for groups of investment firms [repealed] Article 16 - Derogation from the application of the leverage ratio requirements on a consolidated basis for groups of investment firms [repealed] Article 17 - Supervision of investment firms waived from the application of own funds requirements on a consolidated basis [repealed]Section 2 - Methods for prudential consolidation (Article 18)Article 18 - Methods of prudential consolidation RTSQ&ASection 3 - Scope of prudential consolidation (Article 19-24)Article 19 - Entities excluded from the scope of prudential consolidation Q&AGLArticle 20 - Joint decisions on prudential requirements ITSArticle 21 - Joint decisions on the level of application of liquidity requirementsArticle 22 - Sub-consolidation in case of entities in third countries Q&AArticle 23 - Undertakings in third countriesArticle 24 - Valuation of assets and off-balance sheet items Q&A
Section 1 - Application of requirements on a consolidated basis (Article 10a-17)Article 10a - Application of prudential requirements on a consolidated basis where investment firms are parent undertakingsArticle 11 - General treatment Q&AArticle 12 - Financial holding company or mixed financial holding company with both a subsidiary credit institution and a subsidiary investment firm [repealed] Article 12a - Consolidated calculation for G-SIIs with multiple resolution entities Q&AArticle 13 - Application of disclosure requirements on a consolidated basis Q&AArticle 14 - Application of requirements of Article 5 of Regulation (EU) 2017/2402 on a consolidated basis Q&AArticle 15 - Derogation from the application of own funds requirements on a consolidated basis for groups of investment firms [repealed] Article 16 - Derogation from the application of the leverage ratio requirements on a consolidated basis for groups of investment firms [repealed] Article 17 - Supervision of investment firms waived from the application of own funds requirements on a consolidated basis [repealed]
Section 2 - Methods for prudential consolidation (Article 18)Article 18 - Methods of prudential consolidation RTSQ&A
Section 3 - Scope of prudential consolidation (Article 19-24)Article 19 - Entities excluded from the scope of prudential consolidation Q&AGLArticle 20 - Joint decisions on prudential requirements ITSArticle 21 - Joint decisions on the level of application of liquidity requirementsArticle 22 - Sub-consolidation in case of entities in third countries Q&AArticle 23 - Undertakings in third countriesArticle 24 - Valuation of assets and off-balance sheet items Q&A
PART TWO - OWN FUNDS AND ELIGIBLE LIABILITIES (Article 25-91)TITLE I - ELEMENTS OF OWN FUNDS (Article 25-80)CHAPTER 1 - Tier 1 capital (Article 25)Article 25 - Tier 1 capital CHAPTER 2 - Common Equity Tier 1 capital (Article 26-50)Section 1 - Common Equity Tier 1 items and instruments (Article 26-31)Article 26 - Common Equity Tier 1 items RTSQ&AArticle 27 - Capital instruments of mutuals, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 items RTSArticle 28 - Common Equity Tier 1 instruments RTSQ&AArticle 29 - Capital instruments issued by mutuals, cooperative societies, savings institutions and similar institutions RTSQ&AArticle 30 - Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be met Q&AArticle 31 - Capital instruments subscribed by public authorities in emergency situations Section 2 - Prudential filters (Article 32-35)Article 32 - Securitised assets RTSQ&AArticle 33 - Cash flow hedges and changes in the value of own liabilities RTSQ&AArticle 34 - Additional value adjustments Q&AArticle 35 - Unrealised gains and losses measured at fair value Q&ASection 3 - Deductions from Common Equity Tier 1 items, exemptions and alternatives (Article 36-49)Sub-Section 1 - Deductions from Common Equity Tier 1 items (Article 36-47c)Article 36 - Deductions from Common Equity Tier 1 items RTSQ&AGLArticle 37 - Deduction of intangible assets Q&AArticle 38 - Deduction of deferred tax assets that rely on future profitability Q&AArticle 39 - Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitability Q&AArticle 40 - Deduction of negative amounts resulting from the calculation of expected loss amountsArticle 41 - Deduction of defined benefit pension fund assets RTSQ&AArticle 42 - Deduction of holdings of own Common Equity Tier 1 instruments Q&AArticle 43 - Significant investment in a financial sector entityArticle 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 fundsArticle 45 - Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities Q&AArticle 46 - Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entity Q&AArticle 47 - Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entity Q&AArticle 47a - Non-performing exposures ITSQ&AGLArticle 47b - Forbearance measures Q&AGLArticle 47c - Deduction for non-performing exposures Q&ASub-Section 2 - Exemptions from and alternatives to deduction from Common Equity Tier 1 items (Article 48-49)Article 48 - Threshold exemptions from deduction from Common Equity Tier 1 items Q&AArticle 49 - Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are applied RTSQ&AGLSection 4 - Common Equity Tier 1 capital (Article 50)Article 50 - Common Equity Tier 1 capitalCHAPTER 3 - Additional Tier 1 capital (Article 51-61)Section 1 - Additional Tier 1 items and instruments (Article 51-55)Article 51 - Additional Tier 1 items Q&AArticle 52 - Additional Tier 1 instruments RTSQ&AArticle 53 - Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institution Q&AArticle 54 - Write down or conversion of Additional Tier 1 instruments Q&AArticle 55 - Consequences of the conditions for Additional Tier 1 instruments ceasing to be met Q&ASection 2 - Deductions from Additional Tier 1 items (Article 56-60)Article 56 - Deductions from Additional Tier 1 items RTSQ&AArticle 57 - Deductions of holdings of own Additional Tier 1 instruments Q&AArticle 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 fundsArticle 59 - Deduction of holdings of Additional Tier 1 instruments of financial sector entities Q&AArticle 60 - Deduction of holdings of Additional Tier 1 instruments where an institution does not have a significant investment in a financial sector entitySection 3 - Additional Tier 1 capital (Article 61)Article 61 - Additional Tier 1 capitalCHAPTER 4 - Tier 2 capital (Article 62-71)Section 1 - Tier 2 items and instruments (Article 62-65)Article 62 - Tier 2 items Q&AArticle 63 - Tier 2 instruments RTSQ&AArticle 64 - Amortisation of Tier 2 instruments Q&AArticle 65 - Consequences of the conditions for Tier 2 instruments ceasing to be met Section 2 - Deductions from Tier 2 items (Article 66-70)Article 66 - Deductions from Tier 2 items RTSQ&AArticle 67 - Deductions of holdings of own Tier 2 instrumentsArticle 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 fundsArticle 69 - Deduction of holdings of Tier 2 instruments of financial sector entities Q&AArticle 70 - Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entity Q&ASection 3 - Tier 2 capital (Article 71)Article 71 - Tier 2 capitalCHAPTER 5 - Own funds (Article 72)Article 72 - Own funds CHAPTER 5a - Eligible liabilities (Article 72a-72l)Section 1 - Eligible liabilities items and instruments (Article 72a-72d)Article 72a - Eligible liabilities items Q&AArticle 72b - Eligible liabilities instruments RTSQ&AArticle 72c - Amortisation of eligible liabilities instruments RTSQ&AArticle 72d - Consequences of the eligibility conditions ceasing to be met Section 2 - Deductions from eligible liabilities items (Article 72e-72j)Article 72e - Deductions from eligible liabilities items Q&AArticle 72f - Deduction of holdings of own eligible liabilities instrumentsArticle 72g - Deduction base for eligible liabilities itemsArticle 72h - Deduction of holdings of eligible liabilities of other G-SII entitiesArticle 72i - Deduction of eligible liabilities where the institution does not have a significant investment in G-SII entitiesArticle 72j - Trading book exception from deductions from eligible liabilities itemsSection 3 - Own funds and eligible liabilities (Article 72k-72l)Article 72k - Eligible liabilitiesArticle 72l - Own funds and eligible liabilities Q&ACHAPTER 6 - General requirements for own funds and eligible liabilities (Article 73-80)Article 73 - Distributions on instruments RTSArticle 74 - Holdings of capital instruments issued by regulated financial sector entities that do not qualify as regulatory capital Q&AArticle 75 - Deduction and maturity requirements for short positionsArticle 76 - Index holdings of capital instruments and of liabilities RTSArticle 77 - Conditions for reducing own funds and eligible liabilities RTSQ&AArticle 78 - Supervisory permission to reduce own funds RTSQ&AArticle 78a - Permission to reduce eligible liabilities instruments RTSQ&AArticle 79 - Temporary waiver from deduction from own funds and eligible liabilities RTSQ&AArticle 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 TITLE II - MINORITY INTEREST AND ADDITIONAL TIER 1 AND TIER 2 INSTRUMENTS ISSUED BY SUBSIDIARIES (Article 81-88a)Article 81 - Minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital RTSQ&AArticle 82 - Qualifying Additional Tier 1, Tier 1, Tier 2 capital and qualifying own funds Q&AArticle 83 - Qualifying Additional Tier 1 and Tier 2 capital issued by a special purpose entity RTSArticle 84 - Minority interests included in consolidated Common Equity Tier 1 capital RTSQ&AArticle 85 - Qualifying Tier 1 instruments included in consolidated Tier 1 capital RTSQ&AArticle 86 - Qualifying Tier 1 capital included in consolidated Additional Tier 1 capitalArticle 87 - Qualifying own funds included in consolidated own funds RTSQ&AArticle 88 - Qualifying own funds instruments included in consolidated Tier 2 capitalArticle 88a - Qualifying eligible liabilities instruments Q&ATITLE III - QUALIFYING HOLDINGS OUTSIDE THE FINANCIAL SECTOR (Article 89-91)Article 89 - Risk weighting and prohibition of qualifying holdings outside the financial sector Q&AGLArticle 90 - Alternative to 1250 % risk weight Q&AArticle 91 - Exceptions Q&A
TITLE I - ELEMENTS OF OWN FUNDS (Article 25-80)CHAPTER 1 - Tier 1 capital (Article 25)Article 25 - Tier 1 capital CHAPTER 2 - Common Equity Tier 1 capital (Article 26-50)Section 1 - Common Equity Tier 1 items and instruments (Article 26-31)Article 26 - Common Equity Tier 1 items RTSQ&AArticle 27 - Capital instruments of mutuals, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 items RTSArticle 28 - Common Equity Tier 1 instruments RTSQ&AArticle 29 - Capital instruments issued by mutuals, cooperative societies, savings institutions and similar institutions RTSQ&AArticle 30 - Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be met Q&AArticle 31 - Capital instruments subscribed by public authorities in emergency situations Section 2 - Prudential filters (Article 32-35)Article 32 - Securitised assets RTSQ&AArticle 33 - Cash flow hedges and changes in the value of own liabilities RTSQ&AArticle 34 - Additional value adjustments Q&AArticle 35 - Unrealised gains and losses measured at fair value Q&ASection 3 - Deductions from Common Equity Tier 1 items, exemptions and alternatives (Article 36-49)Sub-Section 1 - Deductions from Common Equity Tier 1 items (Article 36-47c)Article 36 - Deductions from Common Equity Tier 1 items RTSQ&AGLArticle 37 - Deduction of intangible assets Q&AArticle 38 - Deduction of deferred tax assets that rely on future profitability Q&AArticle 39 - Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitability Q&AArticle 40 - Deduction of negative amounts resulting from the calculation of expected loss amountsArticle 41 - Deduction of defined benefit pension fund assets RTSQ&AArticle 42 - Deduction of holdings of own Common Equity Tier 1 instruments Q&AArticle 43 - Significant investment in a financial sector entityArticle 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 fundsArticle 45 - Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities Q&AArticle 46 - Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entity Q&AArticle 47 - Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entity Q&AArticle 47a - Non-performing exposures ITSQ&AGLArticle 47b - Forbearance measures Q&AGLArticle 47c - Deduction for non-performing exposures Q&ASub-Section 2 - Exemptions from and alternatives to deduction from Common Equity Tier 1 items (Article 48-49)Article 48 - Threshold exemptions from deduction from Common Equity Tier 1 items Q&AArticle 49 - Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are applied RTSQ&AGLSection 4 - Common Equity Tier 1 capital (Article 50)Article 50 - Common Equity Tier 1 capitalCHAPTER 3 - Additional Tier 1 capital (Article 51-61)Section 1 - Additional Tier 1 items and instruments (Article 51-55)Article 51 - Additional Tier 1 items Q&AArticle 52 - Additional Tier 1 instruments RTSQ&AArticle 53 - Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institution Q&AArticle 54 - Write down or conversion of Additional Tier 1 instruments Q&AArticle 55 - Consequences of the conditions for Additional Tier 1 instruments ceasing to be met Q&ASection 2 - Deductions from Additional Tier 1 items (Article 56-60)Article 56 - Deductions from Additional Tier 1 items RTSQ&AArticle 57 - Deductions of holdings of own Additional Tier 1 instruments Q&AArticle 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 fundsArticle 59 - Deduction of holdings of Additional Tier 1 instruments of financial sector entities Q&AArticle 60 - Deduction of holdings of Additional Tier 1 instruments where an institution does not have a significant investment in a financial sector entitySection 3 - Additional Tier 1 capital (Article 61)Article 61 - Additional Tier 1 capitalCHAPTER 4 - Tier 2 capital (Article 62-71)Section 1 - Tier 2 items and instruments (Article 62-65)Article 62 - Tier 2 items Q&AArticle 63 - Tier 2 instruments RTSQ&AArticle 64 - Amortisation of Tier 2 instruments Q&AArticle 65 - Consequences of the conditions for Tier 2 instruments ceasing to be met Section 2 - Deductions from Tier 2 items (Article 66-70)Article 66 - Deductions from Tier 2 items RTSQ&AArticle 67 - Deductions of holdings of own Tier 2 instrumentsArticle 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 fundsArticle 69 - Deduction of holdings of Tier 2 instruments of financial sector entities Q&AArticle 70 - Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entity Q&ASection 3 - Tier 2 capital (Article 71)Article 71 - Tier 2 capitalCHAPTER 5 - Own funds (Article 72)Article 72 - Own funds CHAPTER 5a - Eligible liabilities (Article 72a-72l)Section 1 - Eligible liabilities items and instruments (Article 72a-72d)Article 72a - Eligible liabilities items Q&AArticle 72b - Eligible liabilities instruments RTSQ&AArticle 72c - Amortisation of eligible liabilities instruments RTSQ&AArticle 72d - Consequences of the eligibility conditions ceasing to be met Section 2 - Deductions from eligible liabilities items (Article 72e-72j)Article 72e - Deductions from eligible liabilities items Q&AArticle 72f - Deduction of holdings of own eligible liabilities instrumentsArticle 72g - Deduction base for eligible liabilities itemsArticle 72h - Deduction of holdings of eligible liabilities of other G-SII entitiesArticle 72i - Deduction of eligible liabilities where the institution does not have a significant investment in G-SII entitiesArticle 72j - Trading book exception from deductions from eligible liabilities itemsSection 3 - Own funds and eligible liabilities (Article 72k-72l)Article 72k - Eligible liabilitiesArticle 72l - Own funds and eligible liabilities Q&ACHAPTER 6 - General requirements for own funds and eligible liabilities (Article 73-80)Article 73 - Distributions on instruments RTSArticle 74 - Holdings of capital instruments issued by regulated financial sector entities that do not qualify as regulatory capital Q&AArticle 75 - Deduction and maturity requirements for short positionsArticle 76 - Index holdings of capital instruments and of liabilities RTSArticle 77 - Conditions for reducing own funds and eligible liabilities RTSQ&AArticle 78 - Supervisory permission to reduce own funds RTSQ&AArticle 78a - Permission to reduce eligible liabilities instruments RTSQ&AArticle 79 - Temporary waiver from deduction from own funds and eligible liabilities RTSQ&AArticle 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
CHAPTER 2 - Common Equity Tier 1 capital (Article 26-50)Section 1 - Common Equity Tier 1 items and instruments (Article 26-31)Article 26 - Common Equity Tier 1 items RTSQ&AArticle 27 - Capital instruments of mutuals, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 items RTSArticle 28 - Common Equity Tier 1 instruments RTSQ&AArticle 29 - Capital instruments issued by mutuals, cooperative societies, savings institutions and similar institutions RTSQ&AArticle 30 - Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be met Q&AArticle 31 - Capital instruments subscribed by public authorities in emergency situations Section 2 - Prudential filters (Article 32-35)Article 32 - Securitised assets RTSQ&AArticle 33 - Cash flow hedges and changes in the value of own liabilities RTSQ&AArticle 34 - Additional value adjustments Q&AArticle 35 - Unrealised gains and losses measured at fair value Q&ASection 3 - Deductions from Common Equity Tier 1 items, exemptions and alternatives (Article 36-49)Sub-Section 1 - Deductions from Common Equity Tier 1 items (Article 36-47c)Article 36 - Deductions from Common Equity Tier 1 items RTSQ&AGLArticle 37 - Deduction of intangible assets Q&AArticle 38 - Deduction of deferred tax assets that rely on future profitability Q&AArticle 39 - Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitability Q&AArticle 40 - Deduction of negative amounts resulting from the calculation of expected loss amountsArticle 41 - Deduction of defined benefit pension fund assets RTSQ&AArticle 42 - Deduction of holdings of own Common Equity Tier 1 instruments Q&AArticle 43 - Significant investment in a financial sector entityArticle 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 fundsArticle 45 - Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities Q&AArticle 46 - Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entity Q&AArticle 47 - Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entity Q&AArticle 47a - Non-performing exposures ITSQ&AGLArticle 47b - Forbearance measures Q&AGLArticle 47c - Deduction for non-performing exposures Q&ASub-Section 2 - Exemptions from and alternatives to deduction from Common Equity Tier 1 items (Article 48-49)Article 48 - Threshold exemptions from deduction from Common Equity Tier 1 items Q&AArticle 49 - Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are applied RTSQ&AGLSection 4 - Common Equity Tier 1 capital (Article 50)Article 50 - Common Equity Tier 1 capital
Section 1 - Common Equity Tier 1 items and instruments (Article 26-31)Article 26 - Common Equity Tier 1 items RTSQ&AArticle 27 - Capital instruments of mutuals, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 items RTSArticle 28 - Common Equity Tier 1 instruments RTSQ&AArticle 29 - Capital instruments issued by mutuals, cooperative societies, savings institutions and similar institutions RTSQ&AArticle 30 - Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be met Q&AArticle 31 - Capital instruments subscribed by public authorities in emergency situations
Section 2 - Prudential filters (Article 32-35)Article 32 - Securitised assets RTSQ&AArticle 33 - Cash flow hedges and changes in the value of own liabilities RTSQ&AArticle 34 - Additional value adjustments Q&AArticle 35 - Unrealised gains and losses measured at fair value Q&A
Section 3 - Deductions from Common Equity Tier 1 items, exemptions and alternatives (Article 36-49)Sub-Section 1 - Deductions from Common Equity Tier 1 items (Article 36-47c)Article 36 - Deductions from Common Equity Tier 1 items RTSQ&AGLArticle 37 - Deduction of intangible assets Q&AArticle 38 - Deduction of deferred tax assets that rely on future profitability Q&AArticle 39 - Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitability Q&AArticle 40 - Deduction of negative amounts resulting from the calculation of expected loss amountsArticle 41 - Deduction of defined benefit pension fund assets RTSQ&AArticle 42 - Deduction of holdings of own Common Equity Tier 1 instruments Q&AArticle 43 - Significant investment in a financial sector entityArticle 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 fundsArticle 45 - Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities Q&AArticle 46 - Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entity Q&AArticle 47 - Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entity Q&AArticle 47a - Non-performing exposures ITSQ&AGLArticle 47b - Forbearance measures Q&AGLArticle 47c - Deduction for non-performing exposures Q&ASub-Section 2 - Exemptions from and alternatives to deduction from Common Equity Tier 1 items (Article 48-49)Article 48 - Threshold exemptions from deduction from Common Equity Tier 1 items Q&AArticle 49 - Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are applied RTSQ&AGL
Sub-Section 1 - Deductions from Common Equity Tier 1 items (Article 36-47c)Article 36 - Deductions from Common Equity Tier 1 items RTSQ&AGLArticle 37 - Deduction of intangible assets Q&AArticle 38 - Deduction of deferred tax assets that rely on future profitability Q&AArticle 39 - Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitability Q&AArticle 40 - Deduction of negative amounts resulting from the calculation of expected loss amountsArticle 41 - Deduction of defined benefit pension fund assets RTSQ&AArticle 42 - Deduction of holdings of own Common Equity Tier 1 instruments Q&AArticle 43 - Significant investment in a financial sector entityArticle 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 fundsArticle 45 - Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities Q&AArticle 46 - Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entity Q&AArticle 47 - Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entity Q&AArticle 47a - Non-performing exposures ITSQ&AGLArticle 47b - Forbearance measures Q&AGLArticle 47c - Deduction for non-performing exposures Q&A
Sub-Section 2 - Exemptions from and alternatives to deduction from Common Equity Tier 1 items (Article 48-49)Article 48 - Threshold exemptions from deduction from Common Equity Tier 1 items Q&AArticle 49 - Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are applied RTSQ&AGL
CHAPTER 3 - Additional Tier 1 capital (Article 51-61)Section 1 - Additional Tier 1 items and instruments (Article 51-55)Article 51 - Additional Tier 1 items Q&AArticle 52 - Additional Tier 1 instruments RTSQ&AArticle 53 - Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institution Q&AArticle 54 - Write down or conversion of Additional Tier 1 instruments Q&AArticle 55 - Consequences of the conditions for Additional Tier 1 instruments ceasing to be met Q&ASection 2 - Deductions from Additional Tier 1 items (Article 56-60)Article 56 - Deductions from Additional Tier 1 items RTSQ&AArticle 57 - Deductions of holdings of own Additional Tier 1 instruments Q&AArticle 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 fundsArticle 59 - Deduction of holdings of Additional Tier 1 instruments of financial sector entities Q&AArticle 60 - Deduction of holdings of Additional Tier 1 instruments where an institution does not have a significant investment in a financial sector entitySection 3 - Additional Tier 1 capital (Article 61)Article 61 - Additional Tier 1 capital
Section 1 - Additional Tier 1 items and instruments (Article 51-55)Article 51 - Additional Tier 1 items Q&AArticle 52 - Additional Tier 1 instruments RTSQ&AArticle 53 - Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institution Q&AArticle 54 - Write down or conversion of Additional Tier 1 instruments Q&AArticle 55 - Consequences of the conditions for Additional Tier 1 instruments ceasing to be met Q&A
Section 2 - Deductions from Additional Tier 1 items (Article 56-60)Article 56 - Deductions from Additional Tier 1 items RTSQ&AArticle 57 - Deductions of holdings of own Additional Tier 1 instruments Q&AArticle 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 fundsArticle 59 - Deduction of holdings of Additional Tier 1 instruments of financial sector entities Q&AArticle 60 - Deduction of holdings of Additional Tier 1 instruments where an institution does not have a significant investment in a financial sector entity
CHAPTER 4 - Tier 2 capital (Article 62-71)Section 1 - Tier 2 items and instruments (Article 62-65)Article 62 - Tier 2 items Q&AArticle 63 - Tier 2 instruments RTSQ&AArticle 64 - Amortisation of Tier 2 instruments Q&AArticle 65 - Consequences of the conditions for Tier 2 instruments ceasing to be met Section 2 - Deductions from Tier 2 items (Article 66-70)Article 66 - Deductions from Tier 2 items RTSQ&AArticle 67 - Deductions of holdings of own Tier 2 instrumentsArticle 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 fundsArticle 69 - Deduction of holdings of Tier 2 instruments of financial sector entities Q&AArticle 70 - Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entity Q&ASection 3 - Tier 2 capital (Article 71)Article 71 - Tier 2 capital
Section 1 - Tier 2 items and instruments (Article 62-65)Article 62 - Tier 2 items Q&AArticle 63 - Tier 2 instruments RTSQ&AArticle 64 - Amortisation of Tier 2 instruments Q&AArticle 65 - Consequences of the conditions for Tier 2 instruments ceasing to be met
Section 2 - Deductions from Tier 2 items (Article 66-70)Article 66 - Deductions from Tier 2 items RTSQ&AArticle 67 - Deductions of holdings of own Tier 2 instrumentsArticle 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 fundsArticle 69 - Deduction of holdings of Tier 2 instruments of financial sector entities Q&AArticle 70 - Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entity Q&A
CHAPTER 5a - Eligible liabilities (Article 72a-72l)Section 1 - Eligible liabilities items and instruments (Article 72a-72d)Article 72a - Eligible liabilities items Q&AArticle 72b - Eligible liabilities instruments RTSQ&AArticle 72c - Amortisation of eligible liabilities instruments RTSQ&AArticle 72d - Consequences of the eligibility conditions ceasing to be met Section 2 - Deductions from eligible liabilities items (Article 72e-72j)Article 72e - Deductions from eligible liabilities items Q&AArticle 72f - Deduction of holdings of own eligible liabilities instrumentsArticle 72g - Deduction base for eligible liabilities itemsArticle 72h - Deduction of holdings of eligible liabilities of other G-SII entitiesArticle 72i - Deduction of eligible liabilities where the institution does not have a significant investment in G-SII entitiesArticle 72j - Trading book exception from deductions from eligible liabilities itemsSection 3 - Own funds and eligible liabilities (Article 72k-72l)Article 72k - Eligible liabilitiesArticle 72l - Own funds and eligible liabilities Q&A
Section 1 - Eligible liabilities items and instruments (Article 72a-72d)Article 72a - Eligible liabilities items Q&AArticle 72b - Eligible liabilities instruments RTSQ&AArticle 72c - Amortisation of eligible liabilities instruments RTSQ&AArticle 72d - Consequences of the eligibility conditions ceasing to be met
Section 2 - Deductions from eligible liabilities items (Article 72e-72j)Article 72e - Deductions from eligible liabilities items Q&AArticle 72f - Deduction of holdings of own eligible liabilities instrumentsArticle 72g - Deduction base for eligible liabilities itemsArticle 72h - Deduction of holdings of eligible liabilities of other G-SII entitiesArticle 72i - Deduction of eligible liabilities where the institution does not have a significant investment in G-SII entitiesArticle 72j - Trading book exception from deductions from eligible liabilities items
Section 3 - Own funds and eligible liabilities (Article 72k-72l)Article 72k - Eligible liabilitiesArticle 72l - Own funds and eligible liabilities Q&A
CHAPTER 6 - General requirements for own funds and eligible liabilities (Article 73-80)Article 73 - Distributions on instruments RTSArticle 74 - Holdings of capital instruments issued by regulated financial sector entities that do not qualify as regulatory capital Q&AArticle 75 - Deduction and maturity requirements for short positionsArticle 76 - Index holdings of capital instruments and of liabilities RTSArticle 77 - Conditions for reducing own funds and eligible liabilities RTSQ&AArticle 78 - Supervisory permission to reduce own funds RTSQ&AArticle 78a - Permission to reduce eligible liabilities instruments RTSQ&AArticle 79 - Temporary waiver from deduction from own funds and eligible liabilities RTSQ&AArticle 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
TITLE II - MINORITY INTEREST AND ADDITIONAL TIER 1 AND TIER 2 INSTRUMENTS ISSUED BY SUBSIDIARIES (Article 81-88a)Article 81 - Minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital RTSQ&AArticle 82 - Qualifying Additional Tier 1, Tier 1, Tier 2 capital and qualifying own funds Q&AArticle 83 - Qualifying Additional Tier 1 and Tier 2 capital issued by a special purpose entity RTSArticle 84 - Minority interests included in consolidated Common Equity Tier 1 capital RTSQ&AArticle 85 - Qualifying Tier 1 instruments included in consolidated Tier 1 capital RTSQ&AArticle 86 - Qualifying Tier 1 capital included in consolidated Additional Tier 1 capitalArticle 87 - Qualifying own funds included in consolidated own funds RTSQ&AArticle 88 - Qualifying own funds instruments included in consolidated Tier 2 capitalArticle 88a - Qualifying eligible liabilities instruments Q&A
TITLE III - QUALIFYING HOLDINGS OUTSIDE THE FINANCIAL SECTOR (Article 89-91)Article 89 - Risk weighting and prohibition of qualifying holdings outside the financial sector Q&AGLArticle 90 - Alternative to 1250 % risk weight Q&AArticle 91 - Exceptions Q&A
PART THREE - CAPITAL REQUIREMENTS (Article 92-386)TITLE I - GENERAL REQUIREMENTS, VALUATION AND REPORTING (Article 92-106)CHAPTER 1 - Required level of own funds (Article 92-98)Section 1 - Own funds requirements for institutions (Article 92-94)Article 92 - Own funds requirements RTSQ&AGLArticle 92a - Requirements for own funds and eligible liabilities for G-SIIs Q&AArticle 92b - Requirement for own funds and eligible liabilities for non-EU G-SIIsArticle 93 - Initial capital requirement on going concern Article 94 - Derogation for small trading book business ITSRTSQ&ASection 2 - Own funds requirements for investment firms with limited authorisation to provide investment services (Article 95-98)Article 95 - Own funds requirements for investment firms with limited authorisation to provide investment services Q&AArticle 96 - Own funds requirements for investment firms which hold initial capital as laid down in Article 28(2) of Directive 2013/36/EUArticle 97 - Own Funds based on Fixed Overheads RTSArticle 98 - Own funds for investment firms on a consolidated basis Q&ACHAPTER 2 - Calculation and reporting requirements (Article 99-101)Article 99 - Reporting on own funds requirements and financial information [repealed] ITSQ&AArticle 100 - Additional reporting requirements [repealed] ITSGLArticle 101 - Specific reporting obligations [repealed] ITSRTSQ&ACHAPTER 3 - Trading book (Article 102-106)Article 102 - Requirements for the trading book Q&AArticle 103 - Management of the trading book RTSQ&AArticle 104 - Inclusion in the trading book Q&AArticle 104a - Reclassification of a position Q&AArticle 104b - Requirements for trading desk RTSQ&AArticle 104c - Treatment of foreign exchange risk hedges of capital ratios RTSArticle 105 - Requirements for prudent valuation RTSQ&AArticle 106 - Internal Hedges Q&ATITLE II - CAPITAL REQUIREMENTS FOR CREDIT RISK (Article 107-311)CHAPTER 1 - General principles (Article 107-110)Article 107 - Approaches to credit risk IAQ&AArticle 108 - Use of credit risk mitigation technique under the Standardised Approach and the IRB Approach Q&AGLArticle 109 - Treatment of securitisation positionsArticle 110 - Treatment of credit risk adjustment RTSQ&ACHAPTER 2 - Standardised approach (Article 111-141)Section 1 - General principles (Article 111-113)Article 111 - Exposure value RTSQ&AArticle 112 - Exposure classes Q&AArticle 113 - Calculation of risk-weighted exposure amounts Q&AGLSection 2 - Risk weights (Article 114-134)Article 114 - Exposures to central governments or central banks IAQ&AArticle 115 - Exposures to regional governments or local authorities RTSIAQ&AGLArticle 116 - Exposures to public sector entities RTSIAQ&AArticle 117 - Exposures to multilateral development banks Q&AArticle 118 - Exposures to international organisations Q&AArticle 119 - Exposures to institutions Q&AArticle 120 - Exposures to rated institutions Q&AArticle 121 - Exposures to unrated institutions Q&AArticle 122 - Exposures to corporates Q&AArticle 122a - Specialised lending exposuresArticle 123 - Retail exposures Q&AGLArticle 124 - Exposures secured by mortgages on immovable property RTSQ&AGLArticle 125 - Exposures fully and completely secured by mortgages on residential property RTSQ&AGLArticle 126 - Exposures fully and completely secured by mortgages on commercial immovable property RTSQ&AGLArticle 126a - Land acquisition, development and construction exposures Q&AGLArticle 127 - Exposures in default RTSQ&AGLArticle 128 - Items associated with particular high risk Q&AGLArticle 129 - Exposures in the form of covered bonds Q&AGLArticle 130 - Items representing securitisation positionsArticle 131 - Exposures to institutions and corporates with a short-term credit assessment Q&AArticle 132 - Own funds requirements for exposures in the form of units or shares in CIUs Q&AArticle 132a - Approaches for calculating risk-weighted exposure amounts of CIUs RTSQ&AArticle 132b - Exclusions from the approaches for calculating risk-weighted exposure amounts of CIUsArticle 132c - Treatment of off-balance-sheet exposures to CIUs Q&AArticle 133 - Equity exposures Q&AArticle 134 - Other items Q&ASection 3 - Recognition and mapping of credit risk assessment (Article 135-137)Sub-Section 1 - Recognition of ECAIs (Article 135)Article 135 - Use of credit assessments by ECAIsSub-Section 2 - Mapping of ECAI's credit assessments (Article 136)Article 136 - Mapping of ECAI's credit assessments ITSQ&ASub-Section 3 - Use of credit assessments by Export Credit Agencies (Article 137)Article 137 - Use of credit assessments by export credit agencies Q&ASection 4 - Use of the ECAI credit assessments for the determination of risk weights (Article 138-141)Article 138 - General requirements Q&AArticle 139 - Issuer and issue credit assessment Q&AArticle 140 - Long-term and short-term credit assessments Q&AArticle 141 - Domestic and foreign currency itemsCHAPTER 3 - Internal Ratings Based Approach (Article 142-191)Section 1 - Permission by competent authorities to use the IRB approach (Article 142-150)Article 142 - Definitions IAQ&AArticle 143 - Permission to use the IRB Approach ITSRTSQ&AGLArticle 144 - Competent authorities' assessment of an application to use an IRB Approach RTSQ&AArticle 145 - Prior experience of using IRB approaches RTSArticle 146 - Measures to be taken where the requirements of this Chapter cease to be met RTSArticle 147 - Methodology to assign exposures to exposure classes RTSQ&AArticle 148 - Conditions for implementing the IRB Approach across different classes of exposure and business units RTSQ&AArticle 149 - Conditions to revert to the use of less sophisticated approaches Article 150 - Conditions for permanent partial use RTSQ&ASection 2 - Calculation of risk-weighted exposure amounts (Article 151-157)Sub-Section 1 - Treatment by type of exposure class (Article 151-152)Article 151 - Treatment by exposure class ITSQ&AArticle 152 - Treatment of exposures in the form of units or shares in CIUs RTSQ&ASub-Section 2 - Calculation of risk-weighted exposure amounts for credit risk (Article 153-156)Article 153 - Risk-weighted exposure amounts for exposures to corporates, institutions and central governments and central banks RTSQ&AArticle 154 - Risk-weighted exposure amounts for retail exposures Q&AArticle 155 - Risk-weighted exposure amounts for equity exposures Q&AArticle 156 - Risk-weighted exposure amounts for other non credit-obligation assets Q&ASub-Section 3 - Calculation of risk-weighted exposure amounts for dilution risk of purchased receivables (Article 157)Article 157 - Risk-weighted exposure amounts for dilution risk of purchased receivablesSection 3 - Expected loss amounts (Article 158-159)Article 158 - Treatment by exposure type Q&AArticle 159 - Treatment of expected loss amounts RTSQ&AGLSection 4 - PD, LGD and maturity (Article 160-165)Sub-Section 1 - Exposures to corporates, institutions and central governments and central banks (Article 160-162)Article 160 - Probability of default (PD) Q&AGLArticle 161 - Loss Given Default (LGD) Q&AGLArticle 162 - Maturity Q&ASub-Section 2 - Retail exposures (Article 163-164)Article 163 - Probability of default (PD) Article 164 - Loss Given Default (LGD) RTSQ&AGLSub-Section 3 - Equity exposures subject to PD/LGD method (Article 165)Article 165 - Equity exposures subject to the PD/LGD methodSection 5 - Exposure value (Article 166-168)Article 166 - Exposures to corporates, institutions, central governments and central banks and retail exposures RTSQ&AArticle 167 - Equity exposures RTSQ&AArticle 168 - Other non credit-obligation assets RTSSection 6 - Requirements for the IRB approach (Article 169-191)Sub-Section 1 - Rating systems (Article 169-177)Article 169 - General principles RTSQ&AGLArticle 170 - Structure of rating systems RTSGLArticle 171 - Assignment to grades or pools RTSQ&AGLArticle 172 - Assignment of exposures RTSQ&AGLArticle 173 - Integrity of assignment process RTSGLArticle 174 - Use of models RTSGLArticle 175 - Documentation of rating systems RTSQ&AGLArticle 176 - Data maintenance RTSGLArticle 177 - Stress tests used in assessment of capital adequacy RTSGLSub-Section 2 - Risk quantification (Article 178-184)Article 178 - Default of an obligor RTSQ&AGLArticle 179 - Overall requirements for estimation RTSQ&AGLArticle 180 - Requirements specific to PD estimation RTSQ&AGLArticle 181 - Requirements specific to own-LGD estimates RTSQ&AGLArticle 182 - Requirements specific to own-conversion factor estimates RTSQ&AGLArticle 183 - Requirements for assessing the effect of guarantees and credit derivatives for exposures to corporates, institutions and central governments and central banks where own estimates of LGD are used and for retail exposures RTSGLArticle 184 - Requirements for purchased receivables GLSub-Section 3 - Validation of internal estimates (Article 185)Article 185 - Validation of internal estimates RTSGLSub-Section 4 - Requirements for equity exposures under the internal models approach (Article 186-188)Article 186 - Own funds requirement and risk quantification RTSGLArticle 187 - Risk management process and controls RTSGLArticle 188 - Validation and documentation RTSGLSub-Section 5 - Internal governance and oversight (Article 189-191)Article 189 - Corporate Governance RTSGLArticle 190 - Credit risk control RTSGLArticle 191 - Internal Audit RTSGLCHAPTER 4 - Credit risk mitigation (Article 192-241)Section 1 - Definitions and general requirements (Article 192-194)Article 192 - Definitions Q&AArticle 193 - Principles for recognising the effect of credit risk mitigation techniques Q&AArticle 194 - Principles governing the eligibility of credit risk mitigation techniques Q&ASection 2 - Eligible forms of credit risk mitigation (Article 195-204a)Sub-Section 1 - Funded credit protection (Article 195-200)Article 195 - On-balance sheet netting Q&AArticle 196 - Master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market-driven transactionsArticle 197 - Eligibility of collateral under all approaches and methods ITSQ&AArticle 198 - Additional eligibility of collateral under the Financial Collateral Comprehensive Method ITSQ&AArticle 199 - Additional eligibility for collateral under the IRB Approach Q&AArticle 200 - Other funded credit protectionSub-Section 2 - Unfunded credit protection (Article 201-203)Article 201 - Eligibility of protection providers under all approaches Q&AArticle 202 - Eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Article 153(3) Q&AArticle 203 - Eligibility of guarantees as unfunded credit protection Q&ASub-Section 3 - Types of derivatives (Article 204-204a)Article 204 - Eligible types of credit derivatives Q&AArticle 204a - Eligible types of equity derivativesSection 3 - Requirements (Article 205-217)Sub-Section 1 - Funded credit protection (Article 205-212)Article 205 - Requirements for on-balance sheet netting agreements other than master netting agreements referred to in Article 206Article 206 - Requirements for master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market driven transactionsArticle 207 - Requirements for financial collateral Q&AArticle 208 - Requirements for immovable property collateral Q&AArticle 209 - Requirements for receivablesArticle 210 - Requirements for other physical collateralArticle 211 - Requirements for treating lease exposures as collateralisedArticle 212 - Requirements for other funded credit protection Q&ASub-Section 2 - Unfunded credit protection and credit linked notes (Article 213-217)Article 213 - Requirements common to guarantees and credit derivatives Q&AArticle 214 - Sovereign and other public sector counter-guarantees RTSArticle 215 - Additional requirements for guarantees Q&AArticle 216 - Additional requirements for credit derivativesArticle 217 - Requirements to qualify for the treatment set out in Article 153(3) Section 4 - Calculating the effects of credit risk mitigation (Article 218-236)Sub-Section 1 - Funded credit protection (Article 218-232)Article 218 - Credit linked notesArticle 219 - On-balance sheet netting Q&AArticle 220 - Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreements Q&AArticle 221 - Using the internal models approach for master netting agreementsArticle 222 - Financial Collateral Simple Method Q&AArticle 223 - Financial Collateral Comprehensive Method Q&AArticle 224 - Supervisory volatility adjustment under the Financial Collateral Comprehensive Method ITSQ&AArticle 225 - Own estimates of volatility adjustments under the Financial Collateral Comprehensive Method Q&AArticle 226 - Scaling up of volatility adjustment under the Financial Collateral Comprehensive MethodArticle 227 - Conditions for applying a 0 % volatility adjustment under the Financial Collateral Comprehensive Method Q&AArticle 228 - Calculating risk-weighted exposure amounts and expected loss amounts under the Financial Collateral Comprehensive methodArticle 229 - Valuation principles for other eligible collateral under the IRB Approach Q&AArticle 230 - Calculating risk-weighted exposure amounts and expected loss amounts for other eligible collateral under the IRB Approach Q&AArticle 231 - Calculating risk-weighted exposure amounts and expected loss amounts in the case of mixed pools of collateralArticle 232 - Other funded credit protectionSub-Section 2 - Unfunded credit protection (Article 233-236)Article 233 - ValuationArticle 234 - Calculating risk-weighted exposure amounts and expected loss amounts in the event of partial protection and tranchingArticle 235 - Calculating risk-weighted exposure amounts under the Standardised Approach Q&AArticle 236 - Calculating risk-weighted exposure amounts and expected loss amounts under the IRB Approach Q&ASection 5 - Maturity mismatches (Article 237-239)Article 237 - Maturity mismatchArticle 238 - Maturity of credit protection Article 239 - Valuation of protectionSection 6 - Basket CRM techniques (Article 240-241)Article 240 - First-to-default credit derivativesArticle 241 - Nth-to-default credit derivativesCHAPTER 5 - Securitisation (Article 242-270e)Section 1 - Definitions and criteria for simple, transparent and standardised securitisations (Article 242-243)Article 242 - Definitions Q&AArticle 243 - Criteria for STS securitisations qualifying for differentiated capital treatment Q&AGLSection 2 - Recognition of significant risk transfer (Article 244-246)Article 244 - Traditional securitisation Q&AGLArticle 245 - Synthetic securitisation Q&AGLArticle 246 - Operational requirements for early amortisation provisions RTSQ&ASection 3 - Calculation of risk-weighted exposure amounts (Article 247-270a)Subsection 1 - General Provisions (Article 247-253)Article 247 - Calculation of risk-weighted exposure amounts Q&AArticle 248 - Exposure value RTSGLArticle 249 - Recognition of credit risk mitigation for securitisation positions Q&AArticle 250 - Implicit support Q&AArticle 251 - Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisation ITSQ&AArticle 252 - Treatment of maturity mismatches in synthetic securitisations Q&AArticle 253 - Reduction in risk-weighted exposure amounts Q&ASubsection 2 - Hierarchy of methods and common parameters (Article 254-257)Article 254 - Hierarchy of methods Q&AArticle 255 - Determination of KIRB and KSA RTSQ&AArticle 256 - Determination of attachment point (A) and detachment point (D) Q&AArticle 257 - Determination of tranche maturity (MT) GLSubsection 3 - Methods to calculate risk-weighted exposure amounts (Article 258-266)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 Q&AArticle 260 - Treatment of STS securitisations under the SEC-IRBA Q&AArticle 261 - Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA) ITSQ&AArticle 262 - Treatment of STS securitisations under the SEC-SA Q&AArticle 263 - Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA) ITSArticle 264 - Treatment of STS securitisations under the SEC-ERBA ITSQ&AArticle 265 - Scope and operational requirements for the Internal Assessment Approach Q&AArticle 266 - Calculation of risk-weighted exposure amounts under the Internal Assessment Approach RTSQ&ASubsection 4 - Caps for securitisation positions (Article 267-268)Article 267 - Maximum risk weight for senior securitisation positions: look-through approach Q&AArticle 268 - Maximum capital requirements Q&ASubsection 5 - Miscellaneous provisions (Article 269-270a)Article 269 - Re-securitisationsArticle 269a - Treatment of non-performing exposures (NPE) securitisations Article 270 - Senior positions in STS on-balance sheet securitisations ITSQ&AArticle 270a - Additional risk weightSection 4 - External credit assessments (Article 270b-270e)Article 270b - Use of credit assessments by ECAIsArticle 270c - Requirements to be met by the credit assessments of ECAIsArticle 270d - Use of credit assessmentsArticle 270e - Securitisation mapping ITSQ&ACHAPTER 6 - Counterparty credit risk (Article 271-311)Section 1 - Definitions (Article 271-272)Article 271 - Determination of the exposure value Q&AArticle 272 - Definitions Q&ASection 2 - Methods for calculating the exposure value (Article 273-273b)Article 273 - Methods for calculating the exposure value Q&AArticle 273a - Conditions for using simplified methods for calculating the exposure value RTSQ&AArticle 273b - Non-compliance with the conditions for using simplified methods for calculating the exposure value of derivativesSection 3 - Standardised approach for counterparty credit risk (Article 274-280f)Article 274 - Exposure value Q&AArticle 275 - Replacement cost Q&AArticle 276 - Recognition and treatment of collateralArticle 277 - Mapping of transactions to risk categories RTSArticle 277a - Hedging setsArticle 278 - Potential future exposureArticle 279 - Calculation of the risk positionArticle 279a - Supervisory delta RTSQ&AArticle 279b - Adjusted notional amount Q&AArticle 279c - Maturity Factor Q&AArticle 280 - Hedging set supervisory factor coefficientArticle 280a - Interest rate risk category add-on Q&AArticle 280b - Foreign exchange risk category add-onArticle 280c - Credit risk category add-on Q&AArticle 280d - Equity risk category add-onArticle 280e - Commodity risk category add-onArticle 280f - Other risks category add-onSection 4 - Simplified standardised approach for counterparty credit risk (Article 281)Article 281 - Calculation of the exposure valueSection 5 - Original exposure method (Article 282)Article 282 - Calculation of the exposure value Q&AGLSection 6 - Internal Model Method (Article 283-294)Article 283 - Permission to use the Internal Model Method ITSArticle 284 - Exposure value Article 285 - Exposure value for netting sets subject to a margin agreement Q&AArticle 286 - Management of CCR — Policies, processes and systemsArticle 287 - Organisation structures for CCR management Article 288 - Review of CCR management system Article 289 - Use test Article 290 - Stress testing GLArticle 291 - Wrong-Way Risk Q&AArticle 292 - Integrity of the modelling process Article 293 - Requirements for the risk management system Article 294 - Validation requirements Section 7 - Contractual netting (Article 295-298)Article 295 - Recognition of contractual netting as risk-reducing Q&AArticle 296 - Recognition of contractual netting agreements Q&AArticle 297 - Obligations of institutions Article 298 - Effects of recognition of netting as risk-reducing Q&ASection 8 - Items in the trading book (Article 299)Article 299 - Items in the trading book ITSQ&ASection 9 - Own funds requirements for exposures to a central counterparty (Article 300-311)Article 300 - Definitions Article 301 - Material scopeArticle 302 - Monitoring of exposures to CCPsArticle 303 - Treatment of clearing members' exposures to CCPsArticle 304 - Treatment of clearing members' exposures to clients RTSQ&AArticle 305 - Treatment of clients' exposures Q&AArticle 306 - Own funds requirements for trade exposures Q&AArticle 307 - Own funds requirements for contributions to the default fund of a CCPArticle 308 - Own funds requirements for pre-funded contributions to the default fund of a QCCPArticle 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 Q&AArticle 310 - Own funds requirements for unfunded contributions to the default fund of a QCCP Q&AArticle 311 - Own funds requirements for exposures to CCPs that cease to meet certain conditions Q&AGLTITLE III - OWN FUNDS REQUIREMENTS FOR OPERATIONAL RISK (Article 312-324)CHAPTER 1 - General principles governing the use of the different approaches (Article 312-314)Article 312 - Permission and notification ITSRTSArticle 313 - Reverting to the use of less sophisticated approachesArticle 314 - Combined use of different approaches ITSRTSCHAPTER 2 - Basic Indicator Approach (Article 315-316)Article 315 - Own funds requirement RTSQ&AArticle 316 - Relevant indicator RTSQ&ACHAPTER 3 - Standardised Approach (Article 317-320)Article 317 - Own funds requirement RTSQ&AArticle 318 - Principles for business line mapping RTSQ&AArticle 319 - Alternative Standardised ApproachArticle 320 - Criteria for the Standardised ApproachCHAPTER 4 - Advanced measurement approaches (Article 321-324)Article 321 - Inclusion of losses from merged or acquired entities or activities RTSArticle 322 - Quantitative Standards RTSQ&AArticle 323 - Operational risk management framework RTSQ&AArticle 324 - Loss event type classification TITLE IV - OWN FUNDS REQUIREMENTS FOR MARKET RISK (Article 325-377)CHAPTER 1 - General provisions (Article 325-325b)Article 325 - Approaches for calculating the own funds requirements for market risk RTSQ&AArticle 325a - Exemptions from specific reporting requirements for market risk ITSRTSQ&AArticle 325b - Permission for consolidated requirements RTSQ&ACHAPTER 1a - Alternative standardised approach (Article 325c-325ay)Section 1 - General provisions (Article 325c)Article 325c - Scope and structure of the alternative standardised approach Q&ASection 2 - Sensitivities-based method for calculating the own funds requirement (Article 325d-325k)Article 325d - DefinitionsArticle 325e - Components of the sensitivities-based method Q&AArticle 325f - Own funds requirements for delta and vega risks Q&AArticle 325g - Own funds requirements for curvature riskArticle 325h - Aggregation of risk-class specific own funds requirements for delta, vega and curvature risks Q&AArticle 325i - Treatment of index instruments and other multi-underlying instrumentsArticle 325j - Treatment of collective investment undertakings Article 325k - Underwriting positionsSection 3 - Risk factor and sensitivity definitions (Article 325l-325t)Subsection 1 - Risk factor definitions (Article 325l-325q)Article 325l - General interest rate risk factorsArticle 325m - Credit spread risk factors for non-securitisation Q&AArticle 325n - Credit spread risk factors for securitisation Q&AArticle 325o - Equity risk factorsArticle 325p - Commodity risk factorsArticle 325q - Foreign exchange risk factors Subsection 2 - Sensitivity definitions (Article 325r-325t)Article 325r - Delta risk sensitivitiesArticle 325s - Vega risk sensitivitiesArticle 325t - Requirements on sensitivity computationsSection 4 - The residual risk add-on (Article 325u)Article 325u - Own funds requirements for residual risks RTSSection 5 - Own funds requirements for the default risk (Article 325v-325ad)Article 325v - Definitions and general provisions Q&ASubsection 1 - Own funds requirements for the default risk for non-securitisations (Article 325w-325y)Article 325w - Gross jump-to-default amounts RTSArticle 325x - Net jump-to-default amounts Q&AArticle 325y - Calculation of the own funds requirements for the default riskSubsection 2 - Own funds requirements for the default risk for securitisations not included in the ACTP (Article 325z-325aa)Article 325z - Jump-to-default amountsArticle 325aa - Calculation of the own funds requirement for the default risk for securitisationsSubsection 3 - Own funds requirements for the default risk for securitisations included in the ACTP (Article 325ab-325ad)Article 325ab - ScopeArticle 325ac - Jump-to-default amounts for the ACTPArticle 325ad - Calculation of the own funds requirements for the default risk for the ACTPSection 6 - Risk weights and correlations (Article 325ae-325ay)Subsection 1 - Delta risk weights and correlations (Article 325ae-325aw)Article 325ae - Risk weights for general interest rate riskArticle 325af - Intra bucket correlations for general interest rate riskArticle 325ag - Correlations across buckets for general interest rate riskArticle 325ah - Risk weights for credit spread risk for non-securitisationsArticle 325ai - Intra-bucket correlations for credit spread risk for non-securitisations Q&AArticle 325aj - Correlations across buckets for credit spread risk for non-securitisationsArticle 325ak - Risk weights for credit spread risk for securitisations included in the ACTPArticle 325al - Correlations for credit spread risk for securitisations included in the ACTPArticle 325am - Risk weights for credit spread risk for securitisations not included in the ACTPArticle 325an - Intra-bucket correlations for credit spread risk for securitisations not included in the ACTPArticle 325ao - Correlations across buckets for credit spread risk for securitisations not included in the ACTPArticle 325ap - Risk weights for equity risk RTSArticle 325aq - Intra-bucket correlations for equity riskArticle 325ar - Correlations across buckets for equity riskArticle 325as - Risk weights for commodity riskArticle 325at - Intra-bucket correlations for commodity riskArticle 325au - Correlations across buckets for commodity riskArticle 325av - Risk weights for foreign exchange riskArticle 325aw - Correlations for foreign exchange riskSubsection 2 - Vega and curvature risk weights and correlations (Article 325ax-325ay)Article 325ax - Vega and curvature risk weights Q&AArticle 325ay - Vega and curvature risk correlations Q&ACHAPTER 1b - Alternative internal model approach (Article 325az-325bp)Section 1 - Permission and own funds requirements (Article 325az-325ba)Article 325az - Alternative internal model approach and permission to use alternative internal models RTSQ&AArticle 325ba - Own funds requirements when using alternative internal models RTSSection 2 - General requirements (Article 325bb-325bk)Article 325bb - Expected shortfall risk measure RTSArticle 325bc - Partial expected shortfall calculations RTSQ&AGLArticle 325bd - Liquidity horizons RTSArticle 325be - Assessment of the modellability of risk factors RTSGLArticle 325bf - Regulatory back-testing requirements and multiplication factors RTSArticle 325bg - Profit and loss attribution requirement RTSArticle 325bh - Requirements on risk measurement RTSGLArticle 325bi - Qualitative requirements RTSArticle 325bj - Internal validation RTSArticle 325bk - Calculation of stress scenario risk measure RTSSection 3 - Internal default risk model (Article 325bl-325bp)Article 325bl - Scope of the internal default risk model RTSArticle 325bm - Permission to use an internal default risk modelArticle 325bn - Own funds requirements for default risk using an internal default risk model RTSArticle 325bo - Recognition of hedges in an internal default risk model RTSArticle 325bp - Particular requirements for an internal default risk model RTSQ&ACHAPTER 2 - Own funds requirements for position risk (Article 326-350)Section 1 - General provisions and specific instruments (Article 326-333)Article 326 - Own funds requirements for position riskArticle 327 - Netting Q&AArticle 328 - Interest rate futures and forwardsArticle 329 - Options and warrants RTSQ&AArticle 330 - SwapsArticle 331 - Interest rate risk on derivative instruments Q&AArticle 332 - Credit DerivativesArticle 333 - Securities sold under a repurchase agreement or lent Q&ASection 2 - Debt instruments (Article 334-340)Article 334 - Net positions in debt instrumentsSub-Section 1 - Specific risk (Article 335-338)Article 335 - Cap on the own funds requirement for a net positionArticle 336 - Own funds requirement for non-securitisation debt instruments Article 337 - Own funds requirement for securitisation instruments Q&AArticle 338 - Own funds requirement for the correlation trading portfolioSub-Section 2 - General risk (Article 339-340)Article 339 - Maturity-based calculation of general risk Q&AArticle 340 - Duration-based calculation of general risk Q&AGLSection 3 - Equities (Article 341-344)Article 341 - Net positions in equity instruments RTSQ&AArticle 342 - Specific risk of equity instruments Q&AArticle 343 - General risk of equity instruments Q&AArticle 344 - Stock indices ITSQ&ASection 4 - Underwriting (Article 345)Article 345 - Reduction of net positions Q&ASection 5 - Specific risk own funds requirements for positions hedged by credit derivatives (Article 346-347)Article 346 - Allowance for hedges by credit derivatives Q&AArticle 347 - Allowance for hedges by first and nth-to default credit derivativesSection 6 - Own funds requirements for CIUs (Article 348-350)Article 348 - Own funds requirements for CIUs Q&AArticle 349 - General criteria for CIUs Q&AArticle 350 - Specific methods for CIUs Q&ACHAPTER 3 - Own funds requirements for foreign-exchange risk (Article 351-354)Article 351 - De minimis and weighting for foreign exchange risk Q&AArticle 352 - Calculation of the overall net foreign exchange position RTSQ&AGLArticle 353 - Foreign exchange risk of CIUs Q&AArticle 354 - Closely correlated currencies ITSQ&AGLCHAPTER 4 - Own funds requirements for commodities risk (Article 355-361)Article 355 - Choice of method for commodities risk Q&AArticle 356 - Ancillary commodities businessArticle 357 - Positions in commodities Q&AArticle 358 - Particular instruments RTSQ&AArticle 359 - Maturity ladder approach Q&AArticle 360 - Simplified approach Q&AArticle 361 - Extended maturity ladder approach Q&ACHAPTER 5 - Use of internal models to calculate own funds requirements (Article 362-377)Section 1 - Permission and own funds requirements (Article 362-364)Article 362 - Specific and general risks Article 363 - Permission to use internal models ITSRTSQ&AArticle 364 - Own funds requirements when using internal models Q&ASection 2 - General requirements (Article 365-369)Article 365 - VaR and stressed VaR Calculation Article 366 - Regulatory back testing and multiplication factors Q&AArticle 367 - Requirements on risk measurement Q&AArticle 368 - Qualitative requirements GLArticle 369 - Internal Validation Section 3 - Requirements particular to specific risk modelling (Article 370-371)Article 370 - Requirements for modelling specific risk Q&AArticle 371 - Exclusions from specific risk modelsSection 4 - Internal model for incremental default and migration risk (Article 372-376)Article 372 - Requirement to have an internal IRC model Article 373 - Scope of the internal IRC model Article 374 - Parameters of the internal IRC model Q&AArticle 375 - Recognition of hedges in the internal IRC model Article 376 - Particular requirements for the internal IRC model Section 5 - Internal model for correlation trading (Article 377)Article 377 - Requirements for an internal model for correlation trading Q&ATITLE V - OWN FUNDS REQUIREMENTS FOR SETTLEMENT RISK (Article 378-380)Article 378 - Settlement/delivery risk Q&AArticle 379 - Free deliveries Q&AArticle 380 - Waiver GLTITLE VI - OWN FUNDS REQUIREMENTS FOR CREDIT VALUATION ADJUSTMENT RISK (Article 381-386)Article 381 - Meaning of credit valuation adjustment Q&AArticle 382 - Scope RTSQ&AGLArticle 383 - Advanced method RTSQ&AArticle 383a - Regulatory CVA modelArticle 384 - Standardised method Q&AArticle 385 - Alternative to using CVA methods for calculating own funds requirements Article 386 - Eligible hedges Q&A
TITLE I - GENERAL REQUIREMENTS, VALUATION AND REPORTING (Article 92-106)CHAPTER 1 - Required level of own funds (Article 92-98)Section 1 - Own funds requirements for institutions (Article 92-94)Article 92 - Own funds requirements RTSQ&AGLArticle 92a - Requirements for own funds and eligible liabilities for G-SIIs Q&AArticle 92b - Requirement for own funds and eligible liabilities for non-EU G-SIIsArticle 93 - Initial capital requirement on going concern Article 94 - Derogation for small trading book business ITSRTSQ&ASection 2 - Own funds requirements for investment firms with limited authorisation to provide investment services (Article 95-98)Article 95 - Own funds requirements for investment firms with limited authorisation to provide investment services Q&AArticle 96 - Own funds requirements for investment firms which hold initial capital as laid down in Article 28(2) of Directive 2013/36/EUArticle 97 - Own Funds based on Fixed Overheads RTSArticle 98 - Own funds for investment firms on a consolidated basis Q&ACHAPTER 2 - Calculation and reporting requirements (Article 99-101)Article 99 - Reporting on own funds requirements and financial information [repealed] ITSQ&AArticle 100 - Additional reporting requirements [repealed] ITSGLArticle 101 - Specific reporting obligations [repealed] ITSRTSQ&ACHAPTER 3 - Trading book (Article 102-106)Article 102 - Requirements for the trading book Q&AArticle 103 - Management of the trading book RTSQ&AArticle 104 - Inclusion in the trading book Q&AArticle 104a - Reclassification of a position Q&AArticle 104b - Requirements for trading desk RTSQ&AArticle 104c - Treatment of foreign exchange risk hedges of capital ratios RTSArticle 105 - Requirements for prudent valuation RTSQ&AArticle 106 - Internal Hedges Q&A
CHAPTER 1 - Required level of own funds (Article 92-98)Section 1 - Own funds requirements for institutions (Article 92-94)Article 92 - Own funds requirements RTSQ&AGLArticle 92a - Requirements for own funds and eligible liabilities for G-SIIs Q&AArticle 92b - Requirement for own funds and eligible liabilities for non-EU G-SIIsArticle 93 - Initial capital requirement on going concern Article 94 - Derogation for small trading book business ITSRTSQ&ASection 2 - Own funds requirements for investment firms with limited authorisation to provide investment services (Article 95-98)Article 95 - Own funds requirements for investment firms with limited authorisation to provide investment services Q&AArticle 96 - Own funds requirements for investment firms which hold initial capital as laid down in Article 28(2) of Directive 2013/36/EUArticle 97 - Own Funds based on Fixed Overheads RTSArticle 98 - Own funds for investment firms on a consolidated basis Q&A
Section 1 - Own funds requirements for institutions (Article 92-94)Article 92 - Own funds requirements RTSQ&AGLArticle 92a - Requirements for own funds and eligible liabilities for G-SIIs Q&AArticle 92b - Requirement for own funds and eligible liabilities for non-EU G-SIIsArticle 93 - Initial capital requirement on going concern Article 94 - Derogation for small trading book business ITSRTSQ&A
Section 2 - Own funds requirements for investment firms with limited authorisation to provide investment services (Article 95-98)Article 95 - Own funds requirements for investment firms with limited authorisation to provide investment services Q&AArticle 96 - Own funds requirements for investment firms which hold initial capital as laid down in Article 28(2) of Directive 2013/36/EUArticle 97 - Own Funds based on Fixed Overheads RTSArticle 98 - Own funds for investment firms on a consolidated basis Q&A
CHAPTER 2 - Calculation and reporting requirements (Article 99-101)Article 99 - Reporting on own funds requirements and financial information [repealed] ITSQ&AArticle 100 - Additional reporting requirements [repealed] ITSGLArticle 101 - Specific reporting obligations [repealed] ITSRTSQ&A
CHAPTER 3 - Trading book (Article 102-106)Article 102 - Requirements for the trading book Q&AArticle 103 - Management of the trading book RTSQ&AArticle 104 - Inclusion in the trading book Q&AArticle 104a - Reclassification of a position Q&AArticle 104b - Requirements for trading desk RTSQ&AArticle 104c - Treatment of foreign exchange risk hedges of capital ratios RTSArticle 105 - Requirements for prudent valuation RTSQ&AArticle 106 - Internal Hedges Q&A
TITLE II - CAPITAL REQUIREMENTS FOR CREDIT RISK (Article 107-311)CHAPTER 1 - General principles (Article 107-110)Article 107 - Approaches to credit risk IAQ&AArticle 108 - Use of credit risk mitigation technique under the Standardised Approach and the IRB Approach Q&AGLArticle 109 - Treatment of securitisation positionsArticle 110 - Treatment of credit risk adjustment RTSQ&ACHAPTER 2 - Standardised approach (Article 111-141)Section 1 - General principles (Article 111-113)Article 111 - Exposure value RTSQ&AArticle 112 - Exposure classes Q&AArticle 113 - Calculation of risk-weighted exposure amounts Q&AGLSection 2 - Risk weights (Article 114-134)Article 114 - Exposures to central governments or central banks IAQ&AArticle 115 - Exposures to regional governments or local authorities RTSIAQ&AGLArticle 116 - Exposures to public sector entities RTSIAQ&AArticle 117 - Exposures to multilateral development banks Q&AArticle 118 - Exposures to international organisations Q&AArticle 119 - Exposures to institutions Q&AArticle 120 - Exposures to rated institutions Q&AArticle 121 - Exposures to unrated institutions Q&AArticle 122 - Exposures to corporates Q&AArticle 122a - Specialised lending exposuresArticle 123 - Retail exposures Q&AGLArticle 124 - Exposures secured by mortgages on immovable property RTSQ&AGLArticle 125 - Exposures fully and completely secured by mortgages on residential property RTSQ&AGLArticle 126 - Exposures fully and completely secured by mortgages on commercial immovable property RTSQ&AGLArticle 126a - Land acquisition, development and construction exposures Q&AGLArticle 127 - Exposures in default RTSQ&AGLArticle 128 - Items associated with particular high risk Q&AGLArticle 129 - Exposures in the form of covered bonds Q&AGLArticle 130 - Items representing securitisation positionsArticle 131 - Exposures to institutions and corporates with a short-term credit assessment Q&AArticle 132 - Own funds requirements for exposures in the form of units or shares in CIUs Q&AArticle 132a - Approaches for calculating risk-weighted exposure amounts of CIUs RTSQ&AArticle 132b - Exclusions from the approaches for calculating risk-weighted exposure amounts of CIUsArticle 132c - Treatment of off-balance-sheet exposures to CIUs Q&AArticle 133 - Equity exposures Q&AArticle 134 - Other items Q&ASection 3 - Recognition and mapping of credit risk assessment (Article 135-137)Sub-Section 1 - Recognition of ECAIs (Article 135)Article 135 - Use of credit assessments by ECAIsSub-Section 2 - Mapping of ECAI's credit assessments (Article 136)Article 136 - Mapping of ECAI's credit assessments ITSQ&ASub-Section 3 - Use of credit assessments by Export Credit Agencies (Article 137)Article 137 - Use of credit assessments by export credit agencies Q&ASection 4 - Use of the ECAI credit assessments for the determination of risk weights (Article 138-141)Article 138 - General requirements Q&AArticle 139 - Issuer and issue credit assessment Q&AArticle 140 - Long-term and short-term credit assessments Q&AArticle 141 - Domestic and foreign currency itemsCHAPTER 3 - Internal Ratings Based Approach (Article 142-191)Section 1 - Permission by competent authorities to use the IRB approach (Article 142-150)Article 142 - Definitions IAQ&AArticle 143 - Permission to use the IRB Approach ITSRTSQ&AGLArticle 144 - Competent authorities' assessment of an application to use an IRB Approach RTSQ&AArticle 145 - Prior experience of using IRB approaches RTSArticle 146 - Measures to be taken where the requirements of this Chapter cease to be met RTSArticle 147 - Methodology to assign exposures to exposure classes RTSQ&AArticle 148 - Conditions for implementing the IRB Approach across different classes of exposure and business units RTSQ&AArticle 149 - Conditions to revert to the use of less sophisticated approaches Article 150 - Conditions for permanent partial use RTSQ&ASection 2 - Calculation of risk-weighted exposure amounts (Article 151-157)Sub-Section 1 - Treatment by type of exposure class (Article 151-152)Article 151 - Treatment by exposure class ITSQ&AArticle 152 - Treatment of exposures in the form of units or shares in CIUs RTSQ&ASub-Section 2 - Calculation of risk-weighted exposure amounts for credit risk (Article 153-156)Article 153 - Risk-weighted exposure amounts for exposures to corporates, institutions and central governments and central banks RTSQ&AArticle 154 - Risk-weighted exposure amounts for retail exposures Q&AArticle 155 - Risk-weighted exposure amounts for equity exposures Q&AArticle 156 - Risk-weighted exposure amounts for other non credit-obligation assets Q&ASub-Section 3 - Calculation of risk-weighted exposure amounts for dilution risk of purchased receivables (Article 157)Article 157 - Risk-weighted exposure amounts for dilution risk of purchased receivablesSection 3 - Expected loss amounts (Article 158-159)Article 158 - Treatment by exposure type Q&AArticle 159 - Treatment of expected loss amounts RTSQ&AGLSection 4 - PD, LGD and maturity (Article 160-165)Sub-Section 1 - Exposures to corporates, institutions and central governments and central banks (Article 160-162)Article 160 - Probability of default (PD) Q&AGLArticle 161 - Loss Given Default (LGD) Q&AGLArticle 162 - Maturity Q&ASub-Section 2 - Retail exposures (Article 163-164)Article 163 - Probability of default (PD) Article 164 - Loss Given Default (LGD) RTSQ&AGLSub-Section 3 - Equity exposures subject to PD/LGD method (Article 165)Article 165 - Equity exposures subject to the PD/LGD methodSection 5 - Exposure value (Article 166-168)Article 166 - Exposures to corporates, institutions, central governments and central banks and retail exposures RTSQ&AArticle 167 - Equity exposures RTSQ&AArticle 168 - Other non credit-obligation assets RTSSection 6 - Requirements for the IRB approach (Article 169-191)Sub-Section 1 - Rating systems (Article 169-177)Article 169 - General principles RTSQ&AGLArticle 170 - Structure of rating systems RTSGLArticle 171 - Assignment to grades or pools RTSQ&AGLArticle 172 - Assignment of exposures RTSQ&AGLArticle 173 - Integrity of assignment process RTSGLArticle 174 - Use of models RTSGLArticle 175 - Documentation of rating systems RTSQ&AGLArticle 176 - Data maintenance RTSGLArticle 177 - Stress tests used in assessment of capital adequacy RTSGLSub-Section 2 - Risk quantification (Article 178-184)Article 178 - Default of an obligor RTSQ&AGLArticle 179 - Overall requirements for estimation RTSQ&AGLArticle 180 - Requirements specific to PD estimation RTSQ&AGLArticle 181 - Requirements specific to own-LGD estimates RTSQ&AGLArticle 182 - Requirements specific to own-conversion factor estimates RTSQ&AGLArticle 183 - Requirements for assessing the effect of guarantees and credit derivatives for exposures to corporates, institutions and central governments and central banks where own estimates of LGD are used and for retail exposures RTSGLArticle 184 - Requirements for purchased receivables GLSub-Section 3 - Validation of internal estimates (Article 185)Article 185 - Validation of internal estimates RTSGLSub-Section 4 - Requirements for equity exposures under the internal models approach (Article 186-188)Article 186 - Own funds requirement and risk quantification RTSGLArticle 187 - Risk management process and controls RTSGLArticle 188 - Validation and documentation RTSGLSub-Section 5 - Internal governance and oversight (Article 189-191)Article 189 - Corporate Governance RTSGLArticle 190 - Credit risk control RTSGLArticle 191 - Internal Audit RTSGLCHAPTER 4 - Credit risk mitigation (Article 192-241)Section 1 - Definitions and general requirements (Article 192-194)Article 192 - Definitions Q&AArticle 193 - Principles for recognising the effect of credit risk mitigation techniques Q&AArticle 194 - Principles governing the eligibility of credit risk mitigation techniques Q&ASection 2 - Eligible forms of credit risk mitigation (Article 195-204a)Sub-Section 1 - Funded credit protection (Article 195-200)Article 195 - On-balance sheet netting Q&AArticle 196 - Master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market-driven transactionsArticle 197 - Eligibility of collateral under all approaches and methods ITSQ&AArticle 198 - Additional eligibility of collateral under the Financial Collateral Comprehensive Method ITSQ&AArticle 199 - Additional eligibility for collateral under the IRB Approach Q&AArticle 200 - Other funded credit protectionSub-Section 2 - Unfunded credit protection (Article 201-203)Article 201 - Eligibility of protection providers under all approaches Q&AArticle 202 - Eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Article 153(3) Q&AArticle 203 - Eligibility of guarantees as unfunded credit protection Q&ASub-Section 3 - Types of derivatives (Article 204-204a)Article 204 - Eligible types of credit derivatives Q&AArticle 204a - Eligible types of equity derivativesSection 3 - Requirements (Article 205-217)Sub-Section 1 - Funded credit protection (Article 205-212)Article 205 - Requirements for on-balance sheet netting agreements other than master netting agreements referred to in Article 206Article 206 - Requirements for master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market driven transactionsArticle 207 - Requirements for financial collateral Q&AArticle 208 - Requirements for immovable property collateral Q&AArticle 209 - Requirements for receivablesArticle 210 - Requirements for other physical collateralArticle 211 - Requirements for treating lease exposures as collateralisedArticle 212 - Requirements for other funded credit protection Q&ASub-Section 2 - Unfunded credit protection and credit linked notes (Article 213-217)Article 213 - Requirements common to guarantees and credit derivatives Q&AArticle 214 - Sovereign and other public sector counter-guarantees RTSArticle 215 - Additional requirements for guarantees Q&AArticle 216 - Additional requirements for credit derivativesArticle 217 - Requirements to qualify for the treatment set out in Article 153(3) Section 4 - Calculating the effects of credit risk mitigation (Article 218-236)Sub-Section 1 - Funded credit protection (Article 218-232)Article 218 - Credit linked notesArticle 219 - On-balance sheet netting Q&AArticle 220 - Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreements Q&AArticle 221 - Using the internal models approach for master netting agreementsArticle 222 - Financial Collateral Simple Method Q&AArticle 223 - Financial Collateral Comprehensive Method Q&AArticle 224 - Supervisory volatility adjustment under the Financial Collateral Comprehensive Method ITSQ&AArticle 225 - Own estimates of volatility adjustments under the Financial Collateral Comprehensive Method Q&AArticle 226 - Scaling up of volatility adjustment under the Financial Collateral Comprehensive MethodArticle 227 - Conditions for applying a 0 % volatility adjustment under the Financial Collateral Comprehensive Method Q&AArticle 228 - Calculating risk-weighted exposure amounts and expected loss amounts under the Financial Collateral Comprehensive methodArticle 229 - Valuation principles for other eligible collateral under the IRB Approach Q&AArticle 230 - Calculating risk-weighted exposure amounts and expected loss amounts for other eligible collateral under the IRB Approach Q&AArticle 231 - Calculating risk-weighted exposure amounts and expected loss amounts in the case of mixed pools of collateralArticle 232 - Other funded credit protectionSub-Section 2 - Unfunded credit protection (Article 233-236)Article 233 - ValuationArticle 234 - Calculating risk-weighted exposure amounts and expected loss amounts in the event of partial protection and tranchingArticle 235 - Calculating risk-weighted exposure amounts under the Standardised Approach Q&AArticle 236 - Calculating risk-weighted exposure amounts and expected loss amounts under the IRB Approach Q&ASection 5 - Maturity mismatches (Article 237-239)Article 237 - Maturity mismatchArticle 238 - Maturity of credit protection Article 239 - Valuation of protectionSection 6 - Basket CRM techniques (Article 240-241)Article 240 - First-to-default credit derivativesArticle 241 - Nth-to-default credit derivativesCHAPTER 5 - Securitisation (Article 242-270e)Section 1 - Definitions and criteria for simple, transparent and standardised securitisations (Article 242-243)Article 242 - Definitions Q&AArticle 243 - Criteria for STS securitisations qualifying for differentiated capital treatment Q&AGLSection 2 - Recognition of significant risk transfer (Article 244-246)Article 244 - Traditional securitisation Q&AGLArticle 245 - Synthetic securitisation Q&AGLArticle 246 - Operational requirements for early amortisation provisions RTSQ&ASection 3 - Calculation of risk-weighted exposure amounts (Article 247-270a)Subsection 1 - General Provisions (Article 247-253)Article 247 - Calculation of risk-weighted exposure amounts Q&AArticle 248 - Exposure value RTSGLArticle 249 - Recognition of credit risk mitigation for securitisation positions Q&AArticle 250 - Implicit support Q&AArticle 251 - Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisation ITSQ&AArticle 252 - Treatment of maturity mismatches in synthetic securitisations Q&AArticle 253 - Reduction in risk-weighted exposure amounts Q&ASubsection 2 - Hierarchy of methods and common parameters (Article 254-257)Article 254 - Hierarchy of methods Q&AArticle 255 - Determination of KIRB and KSA RTSQ&AArticle 256 - Determination of attachment point (A) and detachment point (D) Q&AArticle 257 - Determination of tranche maturity (MT) GLSubsection 3 - Methods to calculate risk-weighted exposure amounts (Article 258-266)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 Q&AArticle 260 - Treatment of STS securitisations under the SEC-IRBA Q&AArticle 261 - Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA) ITSQ&AArticle 262 - Treatment of STS securitisations under the SEC-SA Q&AArticle 263 - Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA) ITSArticle 264 - Treatment of STS securitisations under the SEC-ERBA ITSQ&AArticle 265 - Scope and operational requirements for the Internal Assessment Approach Q&AArticle 266 - Calculation of risk-weighted exposure amounts under the Internal Assessment Approach RTSQ&ASubsection 4 - Caps for securitisation positions (Article 267-268)Article 267 - Maximum risk weight for senior securitisation positions: look-through approach Q&AArticle 268 - Maximum capital requirements Q&ASubsection 5 - Miscellaneous provisions (Article 269-270a)Article 269 - Re-securitisationsArticle 269a - Treatment of non-performing exposures (NPE) securitisations Article 270 - Senior positions in STS on-balance sheet securitisations ITSQ&AArticle 270a - Additional risk weightSection 4 - External credit assessments (Article 270b-270e)Article 270b - Use of credit assessments by ECAIsArticle 270c - Requirements to be met by the credit assessments of ECAIsArticle 270d - Use of credit assessmentsArticle 270e - Securitisation mapping ITSQ&ACHAPTER 6 - Counterparty credit risk (Article 271-311)Section 1 - Definitions (Article 271-272)Article 271 - Determination of the exposure value Q&AArticle 272 - Definitions Q&ASection 2 - Methods for calculating the exposure value (Article 273-273b)Article 273 - Methods for calculating the exposure value Q&AArticle 273a - Conditions for using simplified methods for calculating the exposure value RTSQ&AArticle 273b - Non-compliance with the conditions for using simplified methods for calculating the exposure value of derivativesSection 3 - Standardised approach for counterparty credit risk (Article 274-280f)Article 274 - Exposure value Q&AArticle 275 - Replacement cost Q&AArticle 276 - Recognition and treatment of collateralArticle 277 - Mapping of transactions to risk categories RTSArticle 277a - Hedging setsArticle 278 - Potential future exposureArticle 279 - Calculation of the risk positionArticle 279a - Supervisory delta RTSQ&AArticle 279b - Adjusted notional amount Q&AArticle 279c - Maturity Factor Q&AArticle 280 - Hedging set supervisory factor coefficientArticle 280a - Interest rate risk category add-on Q&AArticle 280b - Foreign exchange risk category add-onArticle 280c - Credit risk category add-on Q&AArticle 280d - Equity risk category add-onArticle 280e - Commodity risk category add-onArticle 280f - Other risks category add-onSection 4 - Simplified standardised approach for counterparty credit risk (Article 281)Article 281 - Calculation of the exposure valueSection 5 - Original exposure method (Article 282)Article 282 - Calculation of the exposure value Q&AGLSection 6 - Internal Model Method (Article 283-294)Article 283 - Permission to use the Internal Model Method ITSArticle 284 - Exposure value Article 285 - Exposure value for netting sets subject to a margin agreement Q&AArticle 286 - Management of CCR — Policies, processes and systemsArticle 287 - Organisation structures for CCR management Article 288 - Review of CCR management system Article 289 - Use test Article 290 - Stress testing GLArticle 291 - Wrong-Way Risk Q&AArticle 292 - Integrity of the modelling process Article 293 - Requirements for the risk management system Article 294 - Validation requirements Section 7 - Contractual netting (Article 295-298)Article 295 - Recognition of contractual netting as risk-reducing Q&AArticle 296 - Recognition of contractual netting agreements Q&AArticle 297 - Obligations of institutions Article 298 - Effects of recognition of netting as risk-reducing Q&ASection 8 - Items in the trading book (Article 299)Article 299 - Items in the trading book ITSQ&ASection 9 - Own funds requirements for exposures to a central counterparty (Article 300-311)Article 300 - Definitions Article 301 - Material scopeArticle 302 - Monitoring of exposures to CCPsArticle 303 - Treatment of clearing members' exposures to CCPsArticle 304 - Treatment of clearing members' exposures to clients RTSQ&AArticle 305 - Treatment of clients' exposures Q&AArticle 306 - Own funds requirements for trade exposures Q&AArticle 307 - Own funds requirements for contributions to the default fund of a CCPArticle 308 - Own funds requirements for pre-funded contributions to the default fund of a QCCPArticle 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 Q&AArticle 310 - Own funds requirements for unfunded contributions to the default fund of a QCCP Q&AArticle 311 - Own funds requirements for exposures to CCPs that cease to meet certain conditions Q&AGL
CHAPTER 1 - General principles (Article 107-110)Article 107 - Approaches to credit risk IAQ&AArticle 108 - Use of credit risk mitigation technique under the Standardised Approach and the IRB Approach Q&AGLArticle 109 - Treatment of securitisation positionsArticle 110 - Treatment of credit risk adjustment RTSQ&A
CHAPTER 2 - Standardised approach (Article 111-141)Section 1 - General principles (Article 111-113)Article 111 - Exposure value RTSQ&AArticle 112 - Exposure classes Q&AArticle 113 - Calculation of risk-weighted exposure amounts Q&AGLSection 2 - Risk weights (Article 114-134)Article 114 - Exposures to central governments or central banks IAQ&AArticle 115 - Exposures to regional governments or local authorities RTSIAQ&AGLArticle 116 - Exposures to public sector entities RTSIAQ&AArticle 117 - Exposures to multilateral development banks Q&AArticle 118 - Exposures to international organisations Q&AArticle 119 - Exposures to institutions Q&AArticle 120 - Exposures to rated institutions Q&AArticle 121 - Exposures to unrated institutions Q&AArticle 122 - Exposures to corporates Q&AArticle 122a - Specialised lending exposuresArticle 123 - Retail exposures Q&AGLArticle 124 - Exposures secured by mortgages on immovable property RTSQ&AGLArticle 125 - Exposures fully and completely secured by mortgages on residential property RTSQ&AGLArticle 126 - Exposures fully and completely secured by mortgages on commercial immovable property RTSQ&AGLArticle 126a - Land acquisition, development and construction exposures Q&AGLArticle 127 - Exposures in default RTSQ&AGLArticle 128 - Items associated with particular high risk Q&AGLArticle 129 - Exposures in the form of covered bonds Q&AGLArticle 130 - Items representing securitisation positionsArticle 131 - Exposures to institutions and corporates with a short-term credit assessment Q&AArticle 132 - Own funds requirements for exposures in the form of units or shares in CIUs Q&AArticle 132a - Approaches for calculating risk-weighted exposure amounts of CIUs RTSQ&AArticle 132b - Exclusions from the approaches for calculating risk-weighted exposure amounts of CIUsArticle 132c - Treatment of off-balance-sheet exposures to CIUs Q&AArticle 133 - Equity exposures Q&AArticle 134 - Other items Q&ASection 3 - Recognition and mapping of credit risk assessment (Article 135-137)Sub-Section 1 - Recognition of ECAIs (Article 135)Article 135 - Use of credit assessments by ECAIsSub-Section 2 - Mapping of ECAI's credit assessments (Article 136)Article 136 - Mapping of ECAI's credit assessments ITSQ&ASub-Section 3 - Use of credit assessments by Export Credit Agencies (Article 137)Article 137 - Use of credit assessments by export credit agencies Q&ASection 4 - Use of the ECAI credit assessments for the determination of risk weights (Article 138-141)Article 138 - General requirements Q&AArticle 139 - Issuer and issue credit assessment Q&AArticle 140 - Long-term and short-term credit assessments Q&AArticle 141 - Domestic and foreign currency items
Section 1 - General principles (Article 111-113)Article 111 - Exposure value RTSQ&AArticle 112 - Exposure classes Q&AArticle 113 - Calculation of risk-weighted exposure amounts Q&AGL
Section 2 - Risk weights (Article 114-134)Article 114 - Exposures to central governments or central banks IAQ&AArticle 115 - Exposures to regional governments or local authorities RTSIAQ&AGLArticle 116 - Exposures to public sector entities RTSIAQ&AArticle 117 - Exposures to multilateral development banks Q&AArticle 118 - Exposures to international organisations Q&AArticle 119 - Exposures to institutions Q&AArticle 120 - Exposures to rated institutions Q&AArticle 121 - Exposures to unrated institutions Q&AArticle 122 - Exposures to corporates Q&AArticle 122a - Specialised lending exposuresArticle 123 - Retail exposures Q&AGLArticle 124 - Exposures secured by mortgages on immovable property RTSQ&AGLArticle 125 - Exposures fully and completely secured by mortgages on residential property RTSQ&AGLArticle 126 - Exposures fully and completely secured by mortgages on commercial immovable property RTSQ&AGLArticle 126a - Land acquisition, development and construction exposures Q&AGLArticle 127 - Exposures in default RTSQ&AGLArticle 128 - Items associated with particular high risk Q&AGLArticle 129 - Exposures in the form of covered bonds Q&AGLArticle 130 - Items representing securitisation positionsArticle 131 - Exposures to institutions and corporates with a short-term credit assessment Q&AArticle 132 - Own funds requirements for exposures in the form of units or shares in CIUs Q&AArticle 132a - Approaches for calculating risk-weighted exposure amounts of CIUs RTSQ&AArticle 132b - Exclusions from the approaches for calculating risk-weighted exposure amounts of CIUsArticle 132c - Treatment of off-balance-sheet exposures to CIUs Q&AArticle 133 - Equity exposures Q&AArticle 134 - Other items Q&A
Section 3 - Recognition and mapping of credit risk assessment (Article 135-137)Sub-Section 1 - Recognition of ECAIs (Article 135)Article 135 - Use of credit assessments by ECAIsSub-Section 2 - Mapping of ECAI's credit assessments (Article 136)Article 136 - Mapping of ECAI's credit assessments ITSQ&ASub-Section 3 - Use of credit assessments by Export Credit Agencies (Article 137)Article 137 - Use of credit assessments by export credit agencies Q&A
Sub-Section 2 - Mapping of ECAI's credit assessments (Article 136)Article 136 - Mapping of ECAI's credit assessments ITSQ&A
Sub-Section 3 - Use of credit assessments by Export Credit Agencies (Article 137)Article 137 - Use of credit assessments by export credit agencies Q&A
Section 4 - Use of the ECAI credit assessments for the determination of risk weights (Article 138-141)Article 138 - General requirements Q&AArticle 139 - Issuer and issue credit assessment Q&AArticle 140 - Long-term and short-term credit assessments Q&AArticle 141 - Domestic and foreign currency items
CHAPTER 3 - Internal Ratings Based Approach (Article 142-191)Section 1 - Permission by competent authorities to use the IRB approach (Article 142-150)Article 142 - Definitions IAQ&AArticle 143 - Permission to use the IRB Approach ITSRTSQ&AGLArticle 144 - Competent authorities' assessment of an application to use an IRB Approach RTSQ&AArticle 145 - Prior experience of using IRB approaches RTSArticle 146 - Measures to be taken where the requirements of this Chapter cease to be met RTSArticle 147 - Methodology to assign exposures to exposure classes RTSQ&AArticle 148 - Conditions for implementing the IRB Approach across different classes of exposure and business units RTSQ&AArticle 149 - Conditions to revert to the use of less sophisticated approaches Article 150 - Conditions for permanent partial use RTSQ&ASection 2 - Calculation of risk-weighted exposure amounts (Article 151-157)Sub-Section 1 - Treatment by type of exposure class (Article 151-152)Article 151 - Treatment by exposure class ITSQ&AArticle 152 - Treatment of exposures in the form of units or shares in CIUs RTSQ&ASub-Section 2 - Calculation of risk-weighted exposure amounts for credit risk (Article 153-156)Article 153 - Risk-weighted exposure amounts for exposures to corporates, institutions and central governments and central banks RTSQ&AArticle 154 - Risk-weighted exposure amounts for retail exposures Q&AArticle 155 - Risk-weighted exposure amounts for equity exposures Q&AArticle 156 - Risk-weighted exposure amounts for other non credit-obligation assets Q&ASub-Section 3 - Calculation of risk-weighted exposure amounts for dilution risk of purchased receivables (Article 157)Article 157 - Risk-weighted exposure amounts for dilution risk of purchased receivablesSection 3 - Expected loss amounts (Article 158-159)Article 158 - Treatment by exposure type Q&AArticle 159 - Treatment of expected loss amounts RTSQ&AGLSection 4 - PD, LGD and maturity (Article 160-165)Sub-Section 1 - Exposures to corporates, institutions and central governments and central banks (Article 160-162)Article 160 - Probability of default (PD) Q&AGLArticle 161 - Loss Given Default (LGD) Q&AGLArticle 162 - Maturity Q&ASub-Section 2 - Retail exposures (Article 163-164)Article 163 - Probability of default (PD) Article 164 - Loss Given Default (LGD) RTSQ&AGLSub-Section 3 - Equity exposures subject to PD/LGD method (Article 165)Article 165 - Equity exposures subject to the PD/LGD methodSection 5 - Exposure value (Article 166-168)Article 166 - Exposures to corporates, institutions, central governments and central banks and retail exposures RTSQ&AArticle 167 - Equity exposures RTSQ&AArticle 168 - Other non credit-obligation assets RTSSection 6 - Requirements for the IRB approach (Article 169-191)Sub-Section 1 - Rating systems (Article 169-177)Article 169 - General principles RTSQ&AGLArticle 170 - Structure of rating systems RTSGLArticle 171 - Assignment to grades or pools RTSQ&AGLArticle 172 - Assignment of exposures RTSQ&AGLArticle 173 - Integrity of assignment process RTSGLArticle 174 - Use of models RTSGLArticle 175 - Documentation of rating systems RTSQ&AGLArticle 176 - Data maintenance RTSGLArticle 177 - Stress tests used in assessment of capital adequacy RTSGLSub-Section 2 - Risk quantification (Article 178-184)Article 178 - Default of an obligor RTSQ&AGLArticle 179 - Overall requirements for estimation RTSQ&AGLArticle 180 - Requirements specific to PD estimation RTSQ&AGLArticle 181 - Requirements specific to own-LGD estimates RTSQ&AGLArticle 182 - Requirements specific to own-conversion factor estimates RTSQ&AGLArticle 183 - Requirements for assessing the effect of guarantees and credit derivatives for exposures to corporates, institutions and central governments and central banks where own estimates of LGD are used and for retail exposures RTSGLArticle 184 - Requirements for purchased receivables GLSub-Section 3 - Validation of internal estimates (Article 185)Article 185 - Validation of internal estimates RTSGLSub-Section 4 - Requirements for equity exposures under the internal models approach (Article 186-188)Article 186 - Own funds requirement and risk quantification RTSGLArticle 187 - Risk management process and controls RTSGLArticle 188 - Validation and documentation RTSGLSub-Section 5 - Internal governance and oversight (Article 189-191)Article 189 - Corporate Governance RTSGLArticle 190 - Credit risk control RTSGLArticle 191 - Internal Audit RTSGL
Section 1 - Permission by competent authorities to use the IRB approach (Article 142-150)Article 142 - Definitions IAQ&AArticle 143 - Permission to use the IRB Approach ITSRTSQ&AGLArticle 144 - Competent authorities' assessment of an application to use an IRB Approach RTSQ&AArticle 145 - Prior experience of using IRB approaches RTSArticle 146 - Measures to be taken where the requirements of this Chapter cease to be met RTSArticle 147 - Methodology to assign exposures to exposure classes RTSQ&AArticle 148 - Conditions for implementing the IRB Approach across different classes of exposure and business units RTSQ&AArticle 149 - Conditions to revert to the use of less sophisticated approaches Article 150 - Conditions for permanent partial use RTSQ&A
Section 2 - Calculation of risk-weighted exposure amounts (Article 151-157)Sub-Section 1 - Treatment by type of exposure class (Article 151-152)Article 151 - Treatment by exposure class ITSQ&AArticle 152 - Treatment of exposures in the form of units or shares in CIUs RTSQ&ASub-Section 2 - Calculation of risk-weighted exposure amounts for credit risk (Article 153-156)Article 153 - Risk-weighted exposure amounts for exposures to corporates, institutions and central governments and central banks RTSQ&AArticle 154 - Risk-weighted exposure amounts for retail exposures Q&AArticle 155 - Risk-weighted exposure amounts for equity exposures Q&AArticle 156 - Risk-weighted exposure amounts for other non credit-obligation assets Q&ASub-Section 3 - Calculation of risk-weighted exposure amounts for dilution risk of purchased receivables (Article 157)Article 157 - Risk-weighted exposure amounts for dilution risk of purchased receivables
Sub-Section 1 - Treatment by type of exposure class (Article 151-152)Article 151 - Treatment by exposure class ITSQ&AArticle 152 - Treatment of exposures in the form of units or shares in CIUs RTSQ&A
Sub-Section 2 - Calculation of risk-weighted exposure amounts for credit risk (Article 153-156)Article 153 - Risk-weighted exposure amounts for exposures to corporates, institutions and central governments and central banks RTSQ&AArticle 154 - Risk-weighted exposure amounts for retail exposures Q&AArticle 155 - Risk-weighted exposure amounts for equity exposures Q&AArticle 156 - Risk-weighted exposure amounts for other non credit-obligation assets Q&A
Sub-Section 3 - Calculation of risk-weighted exposure amounts for dilution risk of purchased receivables (Article 157)Article 157 - Risk-weighted exposure amounts for dilution risk of purchased receivables
Section 3 - Expected loss amounts (Article 158-159)Article 158 - Treatment by exposure type Q&AArticle 159 - Treatment of expected loss amounts RTSQ&AGL
Section 4 - PD, LGD and maturity (Article 160-165)Sub-Section 1 - Exposures to corporates, institutions and central governments and central banks (Article 160-162)Article 160 - Probability of default (PD) Q&AGLArticle 161 - Loss Given Default (LGD) Q&AGLArticle 162 - Maturity Q&ASub-Section 2 - Retail exposures (Article 163-164)Article 163 - Probability of default (PD) Article 164 - Loss Given Default (LGD) RTSQ&AGLSub-Section 3 - Equity exposures subject to PD/LGD method (Article 165)Article 165 - Equity exposures subject to the PD/LGD method
Sub-Section 1 - Exposures to corporates, institutions and central governments and central banks (Article 160-162)Article 160 - Probability of default (PD) Q&AGLArticle 161 - Loss Given Default (LGD) Q&AGLArticle 162 - Maturity Q&A
Sub-Section 2 - Retail exposures (Article 163-164)Article 163 - Probability of default (PD) Article 164 - Loss Given Default (LGD) RTSQ&AGL
Sub-Section 3 - Equity exposures subject to PD/LGD method (Article 165)Article 165 - Equity exposures subject to the PD/LGD method
Section 5 - Exposure value (Article 166-168)Article 166 - Exposures to corporates, institutions, central governments and central banks and retail exposures RTSQ&AArticle 167 - Equity exposures RTSQ&AArticle 168 - Other non credit-obligation assets RTS
Section 6 - Requirements for the IRB approach (Article 169-191)Sub-Section 1 - Rating systems (Article 169-177)Article 169 - General principles RTSQ&AGLArticle 170 - Structure of rating systems RTSGLArticle 171 - Assignment to grades or pools RTSQ&AGLArticle 172 - Assignment of exposures RTSQ&AGLArticle 173 - Integrity of assignment process RTSGLArticle 174 - Use of models RTSGLArticle 175 - Documentation of rating systems RTSQ&AGLArticle 176 - Data maintenance RTSGLArticle 177 - Stress tests used in assessment of capital adequacy RTSGLSub-Section 2 - Risk quantification (Article 178-184)Article 178 - Default of an obligor RTSQ&AGLArticle 179 - Overall requirements for estimation RTSQ&AGLArticle 180 - Requirements specific to PD estimation RTSQ&AGLArticle 181 - Requirements specific to own-LGD estimates RTSQ&AGLArticle 182 - Requirements specific to own-conversion factor estimates RTSQ&AGLArticle 183 - Requirements for assessing the effect of guarantees and credit derivatives for exposures to corporates, institutions and central governments and central banks where own estimates of LGD are used and for retail exposures RTSGLArticle 184 - Requirements for purchased receivables GLSub-Section 3 - Validation of internal estimates (Article 185)Article 185 - Validation of internal estimates RTSGLSub-Section 4 - Requirements for equity exposures under the internal models approach (Article 186-188)Article 186 - Own funds requirement and risk quantification RTSGLArticle 187 - Risk management process and controls RTSGLArticle 188 - Validation and documentation RTSGLSub-Section 5 - Internal governance and oversight (Article 189-191)Article 189 - Corporate Governance RTSGLArticle 190 - Credit risk control RTSGLArticle 191 - Internal Audit RTSGL
Sub-Section 1 - Rating systems (Article 169-177)Article 169 - General principles RTSQ&AGLArticle 170 - Structure of rating systems RTSGLArticle 171 - Assignment to grades or pools RTSQ&AGLArticle 172 - Assignment of exposures RTSQ&AGLArticle 173 - Integrity of assignment process RTSGLArticle 174 - Use of models RTSGLArticle 175 - Documentation of rating systems RTSQ&AGLArticle 176 - Data maintenance RTSGLArticle 177 - Stress tests used in assessment of capital adequacy RTSGL
Sub-Section 2 - Risk quantification (Article 178-184)Article 178 - Default of an obligor RTSQ&AGLArticle 179 - Overall requirements for estimation RTSQ&AGLArticle 180 - Requirements specific to PD estimation RTSQ&AGLArticle 181 - Requirements specific to own-LGD estimates RTSQ&AGLArticle 182 - Requirements specific to own-conversion factor estimates RTSQ&AGLArticle 183 - Requirements for assessing the effect of guarantees and credit derivatives for exposures to corporates, institutions and central governments and central banks where own estimates of LGD are used and for retail exposures RTSGLArticle 184 - Requirements for purchased receivables GL
Sub-Section 3 - Validation of internal estimates (Article 185)Article 185 - Validation of internal estimates RTSGL
Sub-Section 4 - Requirements for equity exposures under the internal models approach (Article 186-188)Article 186 - Own funds requirement and risk quantification RTSGLArticle 187 - Risk management process and controls RTSGLArticle 188 - Validation and documentation RTSGL
Sub-Section 5 - Internal governance and oversight (Article 189-191)Article 189 - Corporate Governance RTSGLArticle 190 - Credit risk control RTSGLArticle 191 - Internal Audit RTSGL
CHAPTER 4 - Credit risk mitigation (Article 192-241)Section 1 - Definitions and general requirements (Article 192-194)Article 192 - Definitions Q&AArticle 193 - Principles for recognising the effect of credit risk mitigation techniques Q&AArticle 194 - Principles governing the eligibility of credit risk mitigation techniques Q&ASection 2 - Eligible forms of credit risk mitigation (Article 195-204a)Sub-Section 1 - Funded credit protection (Article 195-200)Article 195 - On-balance sheet netting Q&AArticle 196 - Master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market-driven transactionsArticle 197 - Eligibility of collateral under all approaches and methods ITSQ&AArticle 198 - Additional eligibility of collateral under the Financial Collateral Comprehensive Method ITSQ&AArticle 199 - Additional eligibility for collateral under the IRB Approach Q&AArticle 200 - Other funded credit protectionSub-Section 2 - Unfunded credit protection (Article 201-203)Article 201 - Eligibility of protection providers under all approaches Q&AArticle 202 - Eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Article 153(3) Q&AArticle 203 - Eligibility of guarantees as unfunded credit protection Q&ASub-Section 3 - Types of derivatives (Article 204-204a)Article 204 - Eligible types of credit derivatives Q&AArticle 204a - Eligible types of equity derivativesSection 3 - Requirements (Article 205-217)Sub-Section 1 - Funded credit protection (Article 205-212)Article 205 - Requirements for on-balance sheet netting agreements other than master netting agreements referred to in Article 206Article 206 - Requirements for master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market driven transactionsArticle 207 - Requirements for financial collateral Q&AArticle 208 - Requirements for immovable property collateral Q&AArticle 209 - Requirements for receivablesArticle 210 - Requirements for other physical collateralArticle 211 - Requirements for treating lease exposures as collateralisedArticle 212 - Requirements for other funded credit protection Q&ASub-Section 2 - Unfunded credit protection and credit linked notes (Article 213-217)Article 213 - Requirements common to guarantees and credit derivatives Q&AArticle 214 - Sovereign and other public sector counter-guarantees RTSArticle 215 - Additional requirements for guarantees Q&AArticle 216 - Additional requirements for credit derivativesArticle 217 - Requirements to qualify for the treatment set out in Article 153(3) Section 4 - Calculating the effects of credit risk mitigation (Article 218-236)Sub-Section 1 - Funded credit protection (Article 218-232)Article 218 - Credit linked notesArticle 219 - On-balance sheet netting Q&AArticle 220 - Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreements Q&AArticle 221 - Using the internal models approach for master netting agreementsArticle 222 - Financial Collateral Simple Method Q&AArticle 223 - Financial Collateral Comprehensive Method Q&AArticle 224 - Supervisory volatility adjustment under the Financial Collateral Comprehensive Method ITSQ&AArticle 225 - Own estimates of volatility adjustments under the Financial Collateral Comprehensive Method Q&AArticle 226 - Scaling up of volatility adjustment under the Financial Collateral Comprehensive MethodArticle 227 - Conditions for applying a 0 % volatility adjustment under the Financial Collateral Comprehensive Method Q&AArticle 228 - Calculating risk-weighted exposure amounts and expected loss amounts under the Financial Collateral Comprehensive methodArticle 229 - Valuation principles for other eligible collateral under the IRB Approach Q&AArticle 230 - Calculating risk-weighted exposure amounts and expected loss amounts for other eligible collateral under the IRB Approach Q&AArticle 231 - Calculating risk-weighted exposure amounts and expected loss amounts in the case of mixed pools of collateralArticle 232 - Other funded credit protectionSub-Section 2 - Unfunded credit protection (Article 233-236)Article 233 - ValuationArticle 234 - Calculating risk-weighted exposure amounts and expected loss amounts in the event of partial protection and tranchingArticle 235 - Calculating risk-weighted exposure amounts under the Standardised Approach Q&AArticle 236 - Calculating risk-weighted exposure amounts and expected loss amounts under the IRB Approach Q&ASection 5 - Maturity mismatches (Article 237-239)Article 237 - Maturity mismatchArticle 238 - Maturity of credit protection Article 239 - Valuation of protectionSection 6 - Basket CRM techniques (Article 240-241)Article 240 - First-to-default credit derivativesArticle 241 - Nth-to-default credit derivatives
Section 1 - Definitions and general requirements (Article 192-194)Article 192 - Definitions Q&AArticle 193 - Principles for recognising the effect of credit risk mitigation techniques Q&AArticle 194 - Principles governing the eligibility of credit risk mitigation techniques Q&A
Section 2 - Eligible forms of credit risk mitigation (Article 195-204a)Sub-Section 1 - Funded credit protection (Article 195-200)Article 195 - On-balance sheet netting Q&AArticle 196 - Master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market-driven transactionsArticle 197 - Eligibility of collateral under all approaches and methods ITSQ&AArticle 198 - Additional eligibility of collateral under the Financial Collateral Comprehensive Method ITSQ&AArticle 199 - Additional eligibility for collateral under the IRB Approach Q&AArticle 200 - Other funded credit protectionSub-Section 2 - Unfunded credit protection (Article 201-203)Article 201 - Eligibility of protection providers under all approaches Q&AArticle 202 - Eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Article 153(3) Q&AArticle 203 - Eligibility of guarantees as unfunded credit protection Q&ASub-Section 3 - Types of derivatives (Article 204-204a)Article 204 - Eligible types of credit derivatives Q&AArticle 204a - Eligible types of equity derivatives
Sub-Section 1 - Funded credit protection (Article 195-200)Article 195 - On-balance sheet netting Q&AArticle 196 - Master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market-driven transactionsArticle 197 - Eligibility of collateral under all approaches and methods ITSQ&AArticle 198 - Additional eligibility of collateral under the Financial Collateral Comprehensive Method ITSQ&AArticle 199 - Additional eligibility for collateral under the IRB Approach Q&AArticle 200 - Other funded credit protection
Sub-Section 2 - Unfunded credit protection (Article 201-203)Article 201 - Eligibility of protection providers under all approaches Q&AArticle 202 - Eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Article 153(3) Q&AArticle 203 - Eligibility of guarantees as unfunded credit protection Q&A
Sub-Section 3 - Types of derivatives (Article 204-204a)Article 204 - Eligible types of credit derivatives Q&AArticle 204a - Eligible types of equity derivatives
Section 3 - Requirements (Article 205-217)Sub-Section 1 - Funded credit protection (Article 205-212)Article 205 - Requirements for on-balance sheet netting agreements other than master netting agreements referred to in Article 206Article 206 - Requirements for master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market driven transactionsArticle 207 - Requirements for financial collateral Q&AArticle 208 - Requirements for immovable property collateral Q&AArticle 209 - Requirements for receivablesArticle 210 - Requirements for other physical collateralArticle 211 - Requirements for treating lease exposures as collateralisedArticle 212 - Requirements for other funded credit protection Q&ASub-Section 2 - Unfunded credit protection and credit linked notes (Article 213-217)Article 213 - Requirements common to guarantees and credit derivatives Q&AArticle 214 - Sovereign and other public sector counter-guarantees RTSArticle 215 - Additional requirements for guarantees Q&AArticle 216 - Additional requirements for credit derivativesArticle 217 - Requirements to qualify for the treatment set out in Article 153(3)
Sub-Section 1 - Funded credit protection (Article 205-212)Article 205 - Requirements for on-balance sheet netting agreements other than master netting agreements referred to in Article 206Article 206 - Requirements for master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market driven transactionsArticle 207 - Requirements for financial collateral Q&AArticle 208 - Requirements for immovable property collateral Q&AArticle 209 - Requirements for receivablesArticle 210 - Requirements for other physical collateralArticle 211 - Requirements for treating lease exposures as collateralisedArticle 212 - Requirements for other funded credit protection Q&A
Sub-Section 2 - Unfunded credit protection and credit linked notes (Article 213-217)Article 213 - Requirements common to guarantees and credit derivatives Q&AArticle 214 - Sovereign and other public sector counter-guarantees RTSArticle 215 - Additional requirements for guarantees Q&AArticle 216 - Additional requirements for credit derivativesArticle 217 - Requirements to qualify for the treatment set out in Article 153(3)
Section 4 - Calculating the effects of credit risk mitigation (Article 218-236)Sub-Section 1 - Funded credit protection (Article 218-232)Article 218 - Credit linked notesArticle 219 - On-balance sheet netting Q&AArticle 220 - Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreements Q&AArticle 221 - Using the internal models approach for master netting agreementsArticle 222 - Financial Collateral Simple Method Q&AArticle 223 - Financial Collateral Comprehensive Method Q&AArticle 224 - Supervisory volatility adjustment under the Financial Collateral Comprehensive Method ITSQ&AArticle 225 - Own estimates of volatility adjustments under the Financial Collateral Comprehensive Method Q&AArticle 226 - Scaling up of volatility adjustment under the Financial Collateral Comprehensive MethodArticle 227 - Conditions for applying a 0 % volatility adjustment under the Financial Collateral Comprehensive Method Q&AArticle 228 - Calculating risk-weighted exposure amounts and expected loss amounts under the Financial Collateral Comprehensive methodArticle 229 - Valuation principles for other eligible collateral under the IRB Approach Q&AArticle 230 - Calculating risk-weighted exposure amounts and expected loss amounts for other eligible collateral under the IRB Approach Q&AArticle 231 - Calculating risk-weighted exposure amounts and expected loss amounts in the case of mixed pools of collateralArticle 232 - Other funded credit protectionSub-Section 2 - Unfunded credit protection (Article 233-236)Article 233 - ValuationArticle 234 - Calculating risk-weighted exposure amounts and expected loss amounts in the event of partial protection and tranchingArticle 235 - Calculating risk-weighted exposure amounts under the Standardised Approach Q&AArticle 236 - Calculating risk-weighted exposure amounts and expected loss amounts under the IRB Approach Q&A
Sub-Section 1 - Funded credit protection (Article 218-232)Article 218 - Credit linked notesArticle 219 - On-balance sheet netting Q&AArticle 220 - Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreements Q&AArticle 221 - Using the internal models approach for master netting agreementsArticle 222 - Financial Collateral Simple Method Q&AArticle 223 - Financial Collateral Comprehensive Method Q&AArticle 224 - Supervisory volatility adjustment under the Financial Collateral Comprehensive Method ITSQ&AArticle 225 - Own estimates of volatility adjustments under the Financial Collateral Comprehensive Method Q&AArticle 226 - Scaling up of volatility adjustment under the Financial Collateral Comprehensive MethodArticle 227 - Conditions for applying a 0 % volatility adjustment under the Financial Collateral Comprehensive Method Q&AArticle 228 - Calculating risk-weighted exposure amounts and expected loss amounts under the Financial Collateral Comprehensive methodArticle 229 - Valuation principles for other eligible collateral under the IRB Approach Q&AArticle 230 - Calculating risk-weighted exposure amounts and expected loss amounts for other eligible collateral under the IRB Approach Q&AArticle 231 - Calculating risk-weighted exposure amounts and expected loss amounts in the case of mixed pools of collateralArticle 232 - Other funded credit protection
Sub-Section 2 - Unfunded credit protection (Article 233-236)Article 233 - ValuationArticle 234 - Calculating risk-weighted exposure amounts and expected loss amounts in the event of partial protection and tranchingArticle 235 - Calculating risk-weighted exposure amounts under the Standardised Approach Q&AArticle 236 - Calculating risk-weighted exposure amounts and expected loss amounts under the IRB Approach Q&A
Section 5 - Maturity mismatches (Article 237-239)Article 237 - Maturity mismatchArticle 238 - Maturity of credit protection Article 239 - Valuation of protection
Section 6 - Basket CRM techniques (Article 240-241)Article 240 - First-to-default credit derivativesArticle 241 - Nth-to-default credit derivatives
CHAPTER 5 - Securitisation (Article 242-270e)Section 1 - Definitions and criteria for simple, transparent and standardised securitisations (Article 242-243)Article 242 - Definitions Q&AArticle 243 - Criteria for STS securitisations qualifying for differentiated capital treatment Q&AGLSection 2 - Recognition of significant risk transfer (Article 244-246)Article 244 - Traditional securitisation Q&AGLArticle 245 - Synthetic securitisation Q&AGLArticle 246 - Operational requirements for early amortisation provisions RTSQ&ASection 3 - Calculation of risk-weighted exposure amounts (Article 247-270a)Subsection 1 - General Provisions (Article 247-253)Article 247 - Calculation of risk-weighted exposure amounts Q&AArticle 248 - Exposure value RTSGLArticle 249 - Recognition of credit risk mitigation for securitisation positions Q&AArticle 250 - Implicit support Q&AArticle 251 - Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisation ITSQ&AArticle 252 - Treatment of maturity mismatches in synthetic securitisations Q&AArticle 253 - Reduction in risk-weighted exposure amounts Q&ASubsection 2 - Hierarchy of methods and common parameters (Article 254-257)Article 254 - Hierarchy of methods Q&AArticle 255 - Determination of KIRB and KSA RTSQ&AArticle 256 - Determination of attachment point (A) and detachment point (D) Q&AArticle 257 - Determination of tranche maturity (MT) GLSubsection 3 - Methods to calculate risk-weighted exposure amounts (Article 258-266)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 Q&AArticle 260 - Treatment of STS securitisations under the SEC-IRBA Q&AArticle 261 - Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA) ITSQ&AArticle 262 - Treatment of STS securitisations under the SEC-SA Q&AArticle 263 - Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA) ITSArticle 264 - Treatment of STS securitisations under the SEC-ERBA ITSQ&AArticle 265 - Scope and operational requirements for the Internal Assessment Approach Q&AArticle 266 - Calculation of risk-weighted exposure amounts under the Internal Assessment Approach RTSQ&ASubsection 4 - Caps for securitisation positions (Article 267-268)Article 267 - Maximum risk weight for senior securitisation positions: look-through approach Q&AArticle 268 - Maximum capital requirements Q&ASubsection 5 - Miscellaneous provisions (Article 269-270a)Article 269 - Re-securitisationsArticle 269a - Treatment of non-performing exposures (NPE) securitisations Article 270 - Senior positions in STS on-balance sheet securitisations ITSQ&AArticle 270a - Additional risk weightSection 4 - External credit assessments (Article 270b-270e)Article 270b - Use of credit assessments by ECAIsArticle 270c - Requirements to be met by the credit assessments of ECAIsArticle 270d - Use of credit assessmentsArticle 270e - Securitisation mapping ITSQ&A
Section 1 - Definitions and criteria for simple, transparent and standardised securitisations (Article 242-243)Article 242 - Definitions Q&AArticle 243 - Criteria for STS securitisations qualifying for differentiated capital treatment Q&AGL
Section 2 - Recognition of significant risk transfer (Article 244-246)Article 244 - Traditional securitisation Q&AGLArticle 245 - Synthetic securitisation Q&AGLArticle 246 - Operational requirements for early amortisation provisions RTSQ&A
Section 3 - Calculation of risk-weighted exposure amounts (Article 247-270a)Subsection 1 - General Provisions (Article 247-253)Article 247 - Calculation of risk-weighted exposure amounts Q&AArticle 248 - Exposure value RTSGLArticle 249 - Recognition of credit risk mitigation for securitisation positions Q&AArticle 250 - Implicit support Q&AArticle 251 - Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisation ITSQ&AArticle 252 - Treatment of maturity mismatches in synthetic securitisations Q&AArticle 253 - Reduction in risk-weighted exposure amounts Q&ASubsection 2 - Hierarchy of methods and common parameters (Article 254-257)Article 254 - Hierarchy of methods Q&AArticle 255 - Determination of KIRB and KSA RTSQ&AArticle 256 - Determination of attachment point (A) and detachment point (D) Q&AArticle 257 - Determination of tranche maturity (MT) GLSubsection 3 - Methods to calculate risk-weighted exposure amounts (Article 258-266)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 Q&AArticle 260 - Treatment of STS securitisations under the SEC-IRBA Q&AArticle 261 - Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA) ITSQ&AArticle 262 - Treatment of STS securitisations under the SEC-SA Q&AArticle 263 - Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA) ITSArticle 264 - Treatment of STS securitisations under the SEC-ERBA ITSQ&AArticle 265 - Scope and operational requirements for the Internal Assessment Approach Q&AArticle 266 - Calculation of risk-weighted exposure amounts under the Internal Assessment Approach RTSQ&ASubsection 4 - Caps for securitisation positions (Article 267-268)Article 267 - Maximum risk weight for senior securitisation positions: look-through approach Q&AArticle 268 - Maximum capital requirements Q&ASubsection 5 - Miscellaneous provisions (Article 269-270a)Article 269 - Re-securitisationsArticle 269a - Treatment of non-performing exposures (NPE) securitisations Article 270 - Senior positions in STS on-balance sheet securitisations ITSQ&AArticle 270a - Additional risk weight
Subsection 1 - General Provisions (Article 247-253)Article 247 - Calculation of risk-weighted exposure amounts Q&AArticle 248 - Exposure value RTSGLArticle 249 - Recognition of credit risk mitigation for securitisation positions Q&AArticle 250 - Implicit support Q&AArticle 251 - Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisation ITSQ&AArticle 252 - Treatment of maturity mismatches in synthetic securitisations Q&AArticle 253 - Reduction in risk-weighted exposure amounts Q&A
Subsection 2 - Hierarchy of methods and common parameters (Article 254-257)Article 254 - Hierarchy of methods Q&AArticle 255 - Determination of KIRB and KSA RTSQ&AArticle 256 - Determination of attachment point (A) and detachment point (D) Q&AArticle 257 - Determination of tranche maturity (MT) GL
Subsection 3 - Methods to calculate risk-weighted exposure amounts (Article 258-266)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 Q&AArticle 260 - Treatment of STS securitisations under the SEC-IRBA Q&AArticle 261 - Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA) ITSQ&AArticle 262 - Treatment of STS securitisations under the SEC-SA Q&AArticle 263 - Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA) ITSArticle 264 - Treatment of STS securitisations under the SEC-ERBA ITSQ&AArticle 265 - Scope and operational requirements for the Internal Assessment Approach Q&AArticle 266 - Calculation of risk-weighted exposure amounts under the Internal Assessment Approach RTSQ&A
Subsection 4 - Caps for securitisation positions (Article 267-268)Article 267 - Maximum risk weight for senior securitisation positions: look-through approach Q&AArticle 268 - Maximum capital requirements Q&A
Subsection 5 - Miscellaneous provisions (Article 269-270a)Article 269 - Re-securitisationsArticle 269a - Treatment of non-performing exposures (NPE) securitisations Article 270 - Senior positions in STS on-balance sheet securitisations ITSQ&AArticle 270a - Additional risk weight
Section 4 - External credit assessments (Article 270b-270e)Article 270b - Use of credit assessments by ECAIsArticle 270c - Requirements to be met by the credit assessments of ECAIsArticle 270d - Use of credit assessmentsArticle 270e - Securitisation mapping ITSQ&A
CHAPTER 6 - Counterparty credit risk (Article 271-311)Section 1 - Definitions (Article 271-272)Article 271 - Determination of the exposure value Q&AArticle 272 - Definitions Q&ASection 2 - Methods for calculating the exposure value (Article 273-273b)Article 273 - Methods for calculating the exposure value Q&AArticle 273a - Conditions for using simplified methods for calculating the exposure value RTSQ&AArticle 273b - Non-compliance with the conditions for using simplified methods for calculating the exposure value of derivativesSection 3 - Standardised approach for counterparty credit risk (Article 274-280f)Article 274 - Exposure value Q&AArticle 275 - Replacement cost Q&AArticle 276 - Recognition and treatment of collateralArticle 277 - Mapping of transactions to risk categories RTSArticle 277a - Hedging setsArticle 278 - Potential future exposureArticle 279 - Calculation of the risk positionArticle 279a - Supervisory delta RTSQ&AArticle 279b - Adjusted notional amount Q&AArticle 279c - Maturity Factor Q&AArticle 280 - Hedging set supervisory factor coefficientArticle 280a - Interest rate risk category add-on Q&AArticle 280b - Foreign exchange risk category add-onArticle 280c - Credit risk category add-on Q&AArticle 280d - Equity risk category add-onArticle 280e - Commodity risk category add-onArticle 280f - Other risks category add-onSection 4 - Simplified standardised approach for counterparty credit risk (Article 281)Article 281 - Calculation of the exposure valueSection 5 - Original exposure method (Article 282)Article 282 - Calculation of the exposure value Q&AGLSection 6 - Internal Model Method (Article 283-294)Article 283 - Permission to use the Internal Model Method ITSArticle 284 - Exposure value Article 285 - Exposure value for netting sets subject to a margin agreement Q&AArticle 286 - Management of CCR — Policies, processes and systemsArticle 287 - Organisation structures for CCR management Article 288 - Review of CCR management system Article 289 - Use test Article 290 - Stress testing GLArticle 291 - Wrong-Way Risk Q&AArticle 292 - Integrity of the modelling process Article 293 - Requirements for the risk management system Article 294 - Validation requirements Section 7 - Contractual netting (Article 295-298)Article 295 - Recognition of contractual netting as risk-reducing Q&AArticle 296 - Recognition of contractual netting agreements Q&AArticle 297 - Obligations of institutions Article 298 - Effects of recognition of netting as risk-reducing Q&ASection 8 - Items in the trading book (Article 299)Article 299 - Items in the trading book ITSQ&ASection 9 - Own funds requirements for exposures to a central counterparty (Article 300-311)Article 300 - Definitions Article 301 - Material scopeArticle 302 - Monitoring of exposures to CCPsArticle 303 - Treatment of clearing members' exposures to CCPsArticle 304 - Treatment of clearing members' exposures to clients RTSQ&AArticle 305 - Treatment of clients' exposures Q&AArticle 306 - Own funds requirements for trade exposures Q&AArticle 307 - Own funds requirements for contributions to the default fund of a CCPArticle 308 - Own funds requirements for pre-funded contributions to the default fund of a QCCPArticle 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 Q&AArticle 310 - Own funds requirements for unfunded contributions to the default fund of a QCCP Q&AArticle 311 - Own funds requirements for exposures to CCPs that cease to meet certain conditions Q&AGL
Section 1 - Definitions (Article 271-272)Article 271 - Determination of the exposure value Q&AArticle 272 - Definitions Q&A
Section 2 - Methods for calculating the exposure value (Article 273-273b)Article 273 - Methods for calculating the exposure value Q&AArticle 273a - Conditions for using simplified methods for calculating the exposure value RTSQ&AArticle 273b - Non-compliance with the conditions for using simplified methods for calculating the exposure value of derivatives
Section 3 - Standardised approach for counterparty credit risk (Article 274-280f)Article 274 - Exposure value Q&AArticle 275 - Replacement cost Q&AArticle 276 - Recognition and treatment of collateralArticle 277 - Mapping of transactions to risk categories RTSArticle 277a - Hedging setsArticle 278 - Potential future exposureArticle 279 - Calculation of the risk positionArticle 279a - Supervisory delta RTSQ&AArticle 279b - Adjusted notional amount Q&AArticle 279c - Maturity Factor Q&AArticle 280 - Hedging set supervisory factor coefficientArticle 280a - Interest rate risk category add-on Q&AArticle 280b - Foreign exchange risk category add-onArticle 280c - Credit risk category add-on Q&AArticle 280d - Equity risk category add-onArticle 280e - Commodity risk category add-onArticle 280f - Other risks category add-on
Section 4 - Simplified standardised approach for counterparty credit risk (Article 281)Article 281 - Calculation of the exposure value
Section 5 - Original exposure method (Article 282)Article 282 - Calculation of the exposure value Q&AGL
Section 6 - Internal Model Method (Article 283-294)Article 283 - Permission to use the Internal Model Method ITSArticle 284 - Exposure value Article 285 - Exposure value for netting sets subject to a margin agreement Q&AArticle 286 - Management of CCR — Policies, processes and systemsArticle 287 - Organisation structures for CCR management Article 288 - Review of CCR management system Article 289 - Use test Article 290 - Stress testing GLArticle 291 - Wrong-Way Risk Q&AArticle 292 - Integrity of the modelling process Article 293 - Requirements for the risk management system Article 294 - Validation requirements
Section 7 - Contractual netting (Article 295-298)Article 295 - Recognition of contractual netting as risk-reducing Q&AArticle 296 - Recognition of contractual netting agreements Q&AArticle 297 - Obligations of institutions Article 298 - Effects of recognition of netting as risk-reducing Q&A
Section 9 - Own funds requirements for exposures to a central counterparty (Article 300-311)Article 300 - Definitions Article 301 - Material scopeArticle 302 - Monitoring of exposures to CCPsArticle 303 - Treatment of clearing members' exposures to CCPsArticle 304 - Treatment of clearing members' exposures to clients RTSQ&AArticle 305 - Treatment of clients' exposures Q&AArticle 306 - Own funds requirements for trade exposures Q&AArticle 307 - Own funds requirements for contributions to the default fund of a CCPArticle 308 - Own funds requirements for pre-funded contributions to the default fund of a QCCPArticle 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 Q&AArticle 310 - Own funds requirements for unfunded contributions to the default fund of a QCCP Q&AArticle 311 - Own funds requirements for exposures to CCPs that cease to meet certain conditions Q&AGL
TITLE III - OWN FUNDS REQUIREMENTS FOR OPERATIONAL RISK (Article 312-324)CHAPTER 1 - General principles governing the use of the different approaches (Article 312-314)Article 312 - Permission and notification ITSRTSArticle 313 - Reverting to the use of less sophisticated approachesArticle 314 - Combined use of different approaches ITSRTSCHAPTER 2 - Basic Indicator Approach (Article 315-316)Article 315 - Own funds requirement RTSQ&AArticle 316 - Relevant indicator RTSQ&ACHAPTER 3 - Standardised Approach (Article 317-320)Article 317 - Own funds requirement RTSQ&AArticle 318 - Principles for business line mapping RTSQ&AArticle 319 - Alternative Standardised ApproachArticle 320 - Criteria for the Standardised ApproachCHAPTER 4 - Advanced measurement approaches (Article 321-324)Article 321 - Inclusion of losses from merged or acquired entities or activities RTSArticle 322 - Quantitative Standards RTSQ&AArticle 323 - Operational risk management framework RTSQ&AArticle 324 - Loss event type classification
CHAPTER 1 - General principles governing the use of the different approaches (Article 312-314)Article 312 - Permission and notification ITSRTSArticle 313 - Reverting to the use of less sophisticated approachesArticle 314 - Combined use of different approaches ITSRTS
CHAPTER 2 - Basic Indicator Approach (Article 315-316)Article 315 - Own funds requirement RTSQ&AArticle 316 - Relevant indicator RTSQ&A
CHAPTER 3 - Standardised Approach (Article 317-320)Article 317 - Own funds requirement RTSQ&AArticle 318 - Principles for business line mapping RTSQ&AArticle 319 - Alternative Standardised ApproachArticle 320 - Criteria for the Standardised Approach
CHAPTER 4 - Advanced measurement approaches (Article 321-324)Article 321 - Inclusion of losses from merged or acquired entities or activities RTSArticle 322 - Quantitative Standards RTSQ&AArticle 323 - Operational risk management framework RTSQ&AArticle 324 - Loss event type classification
TITLE IV - OWN FUNDS REQUIREMENTS FOR MARKET RISK (Article 325-377)CHAPTER 1 - General provisions (Article 325-325b)Article 325 - Approaches for calculating the own funds requirements for market risk RTSQ&AArticle 325a - Exemptions from specific reporting requirements for market risk ITSRTSQ&AArticle 325b - Permission for consolidated requirements RTSQ&ACHAPTER 1a - Alternative standardised approach (Article 325c-325ay)Section 1 - General provisions (Article 325c)Article 325c - Scope and structure of the alternative standardised approach Q&ASection 2 - Sensitivities-based method for calculating the own funds requirement (Article 325d-325k)Article 325d - DefinitionsArticle 325e - Components of the sensitivities-based method Q&AArticle 325f - Own funds requirements for delta and vega risks Q&AArticle 325g - Own funds requirements for curvature riskArticle 325h - Aggregation of risk-class specific own funds requirements for delta, vega and curvature risks Q&AArticle 325i - Treatment of index instruments and other multi-underlying instrumentsArticle 325j - Treatment of collective investment undertakings Article 325k - Underwriting positionsSection 3 - Risk factor and sensitivity definitions (Article 325l-325t)Subsection 1 - Risk factor definitions (Article 325l-325q)Article 325l - General interest rate risk factorsArticle 325m - Credit spread risk factors for non-securitisation Q&AArticle 325n - Credit spread risk factors for securitisation Q&AArticle 325o - Equity risk factorsArticle 325p - Commodity risk factorsArticle 325q - Foreign exchange risk factors Subsection 2 - Sensitivity definitions (Article 325r-325t)Article 325r - Delta risk sensitivitiesArticle 325s - Vega risk sensitivitiesArticle 325t - Requirements on sensitivity computationsSection 4 - The residual risk add-on (Article 325u)Article 325u - Own funds requirements for residual risks RTSSection 5 - Own funds requirements for the default risk (Article 325v-325ad)Article 325v - Definitions and general provisions Q&ASubsection 1 - Own funds requirements for the default risk for non-securitisations (Article 325w-325y)Article 325w - Gross jump-to-default amounts RTSArticle 325x - Net jump-to-default amounts Q&AArticle 325y - Calculation of the own funds requirements for the default riskSubsection 2 - Own funds requirements for the default risk for securitisations not included in the ACTP (Article 325z-325aa)Article 325z - Jump-to-default amountsArticle 325aa - Calculation of the own funds requirement for the default risk for securitisationsSubsection 3 - Own funds requirements for the default risk for securitisations included in the ACTP (Article 325ab-325ad)Article 325ab - ScopeArticle 325ac - Jump-to-default amounts for the ACTPArticle 325ad - Calculation of the own funds requirements for the default risk for the ACTPSection 6 - Risk weights and correlations (Article 325ae-325ay)Subsection 1 - Delta risk weights and correlations (Article 325ae-325aw)Article 325ae - Risk weights for general interest rate riskArticle 325af - Intra bucket correlations for general interest rate riskArticle 325ag - Correlations across buckets for general interest rate riskArticle 325ah - Risk weights for credit spread risk for non-securitisationsArticle 325ai - Intra-bucket correlations for credit spread risk for non-securitisations Q&AArticle 325aj - Correlations across buckets for credit spread risk for non-securitisationsArticle 325ak - Risk weights for credit spread risk for securitisations included in the ACTPArticle 325al - Correlations for credit spread risk for securitisations included in the ACTPArticle 325am - Risk weights for credit spread risk for securitisations not included in the ACTPArticle 325an - Intra-bucket correlations for credit spread risk for securitisations not included in the ACTPArticle 325ao - Correlations across buckets for credit spread risk for securitisations not included in the ACTPArticle 325ap - Risk weights for equity risk RTSArticle 325aq - Intra-bucket correlations for equity riskArticle 325ar - Correlations across buckets for equity riskArticle 325as - Risk weights for commodity riskArticle 325at - Intra-bucket correlations for commodity riskArticle 325au - Correlations across buckets for commodity riskArticle 325av - Risk weights for foreign exchange riskArticle 325aw - Correlations for foreign exchange riskSubsection 2 - Vega and curvature risk weights and correlations (Article 325ax-325ay)Article 325ax - Vega and curvature risk weights Q&AArticle 325ay - Vega and curvature risk correlations Q&ACHAPTER 1b - Alternative internal model approach (Article 325az-325bp)Section 1 - Permission and own funds requirements (Article 325az-325ba)Article 325az - Alternative internal model approach and permission to use alternative internal models RTSQ&AArticle 325ba - Own funds requirements when using alternative internal models RTSSection 2 - General requirements (Article 325bb-325bk)Article 325bb - Expected shortfall risk measure RTSArticle 325bc - Partial expected shortfall calculations RTSQ&AGLArticle 325bd - Liquidity horizons RTSArticle 325be - Assessment of the modellability of risk factors RTSGLArticle 325bf - Regulatory back-testing requirements and multiplication factors RTSArticle 325bg - Profit and loss attribution requirement RTSArticle 325bh - Requirements on risk measurement RTSGLArticle 325bi - Qualitative requirements RTSArticle 325bj - Internal validation RTSArticle 325bk - Calculation of stress scenario risk measure RTSSection 3 - Internal default risk model (Article 325bl-325bp)Article 325bl - Scope of the internal default risk model RTSArticle 325bm - Permission to use an internal default risk modelArticle 325bn - Own funds requirements for default risk using an internal default risk model RTSArticle 325bo - Recognition of hedges in an internal default risk model RTSArticle 325bp - Particular requirements for an internal default risk model RTSQ&ACHAPTER 2 - Own funds requirements for position risk (Article 326-350)Section 1 - General provisions and specific instruments (Article 326-333)Article 326 - Own funds requirements for position riskArticle 327 - Netting Q&AArticle 328 - Interest rate futures and forwardsArticle 329 - Options and warrants RTSQ&AArticle 330 - SwapsArticle 331 - Interest rate risk on derivative instruments Q&AArticle 332 - Credit DerivativesArticle 333 - Securities sold under a repurchase agreement or lent Q&ASection 2 - Debt instruments (Article 334-340)Article 334 - Net positions in debt instrumentsSub-Section 1 - Specific risk (Article 335-338)Article 335 - Cap on the own funds requirement for a net positionArticle 336 - Own funds requirement for non-securitisation debt instruments Article 337 - Own funds requirement for securitisation instruments Q&AArticle 338 - Own funds requirement for the correlation trading portfolioSub-Section 2 - General risk (Article 339-340)Article 339 - Maturity-based calculation of general risk Q&AArticle 340 - Duration-based calculation of general risk Q&AGLSection 3 - Equities (Article 341-344)Article 341 - Net positions in equity instruments RTSQ&AArticle 342 - Specific risk of equity instruments Q&AArticle 343 - General risk of equity instruments Q&AArticle 344 - Stock indices ITSQ&ASection 4 - Underwriting (Article 345)Article 345 - Reduction of net positions Q&ASection 5 - Specific risk own funds requirements for positions hedged by credit derivatives (Article 346-347)Article 346 - Allowance for hedges by credit derivatives Q&AArticle 347 - Allowance for hedges by first and nth-to default credit derivativesSection 6 - Own funds requirements for CIUs (Article 348-350)Article 348 - Own funds requirements for CIUs Q&AArticle 349 - General criteria for CIUs Q&AArticle 350 - Specific methods for CIUs Q&ACHAPTER 3 - Own funds requirements for foreign-exchange risk (Article 351-354)Article 351 - De minimis and weighting for foreign exchange risk Q&AArticle 352 - Calculation of the overall net foreign exchange position RTSQ&AGLArticle 353 - Foreign exchange risk of CIUs Q&AArticle 354 - Closely correlated currencies ITSQ&AGLCHAPTER 4 - Own funds requirements for commodities risk (Article 355-361)Article 355 - Choice of method for commodities risk Q&AArticle 356 - Ancillary commodities businessArticle 357 - Positions in commodities Q&AArticle 358 - Particular instruments RTSQ&AArticle 359 - Maturity ladder approach Q&AArticle 360 - Simplified approach Q&AArticle 361 - Extended maturity ladder approach Q&ACHAPTER 5 - Use of internal models to calculate own funds requirements (Article 362-377)Section 1 - Permission and own funds requirements (Article 362-364)Article 362 - Specific and general risks Article 363 - Permission to use internal models ITSRTSQ&AArticle 364 - Own funds requirements when using internal models Q&ASection 2 - General requirements (Article 365-369)Article 365 - VaR and stressed VaR Calculation Article 366 - Regulatory back testing and multiplication factors Q&AArticle 367 - Requirements on risk measurement Q&AArticle 368 - Qualitative requirements GLArticle 369 - Internal Validation Section 3 - Requirements particular to specific risk modelling (Article 370-371)Article 370 - Requirements for modelling specific risk Q&AArticle 371 - Exclusions from specific risk modelsSection 4 - Internal model for incremental default and migration risk (Article 372-376)Article 372 - Requirement to have an internal IRC model Article 373 - Scope of the internal IRC model Article 374 - Parameters of the internal IRC model Q&AArticle 375 - Recognition of hedges in the internal IRC model Article 376 - Particular requirements for the internal IRC model Section 5 - Internal model for correlation trading (Article 377)Article 377 - Requirements for an internal model for correlation trading Q&A
CHAPTER 1 - General provisions (Article 325-325b)Article 325 - Approaches for calculating the own funds requirements for market risk RTSQ&AArticle 325a - Exemptions from specific reporting requirements for market risk ITSRTSQ&AArticle 325b - Permission for consolidated requirements RTSQ&A
CHAPTER 1a - Alternative standardised approach (Article 325c-325ay)Section 1 - General provisions (Article 325c)Article 325c - Scope and structure of the alternative standardised approach Q&ASection 2 - Sensitivities-based method for calculating the own funds requirement (Article 325d-325k)Article 325d - DefinitionsArticle 325e - Components of the sensitivities-based method Q&AArticle 325f - Own funds requirements for delta and vega risks Q&AArticle 325g - Own funds requirements for curvature riskArticle 325h - Aggregation of risk-class specific own funds requirements for delta, vega and curvature risks Q&AArticle 325i - Treatment of index instruments and other multi-underlying instrumentsArticle 325j - Treatment of collective investment undertakings Article 325k - Underwriting positionsSection 3 - Risk factor and sensitivity definitions (Article 325l-325t)Subsection 1 - Risk factor definitions (Article 325l-325q)Article 325l - General interest rate risk factorsArticle 325m - Credit spread risk factors for non-securitisation Q&AArticle 325n - Credit spread risk factors for securitisation Q&AArticle 325o - Equity risk factorsArticle 325p - Commodity risk factorsArticle 325q - Foreign exchange risk factors Subsection 2 - Sensitivity definitions (Article 325r-325t)Article 325r - Delta risk sensitivitiesArticle 325s - Vega risk sensitivitiesArticle 325t - Requirements on sensitivity computationsSection 4 - The residual risk add-on (Article 325u)Article 325u - Own funds requirements for residual risks RTSSection 5 - Own funds requirements for the default risk (Article 325v-325ad)Article 325v - Definitions and general provisions Q&ASubsection 1 - Own funds requirements for the default risk for non-securitisations (Article 325w-325y)Article 325w - Gross jump-to-default amounts RTSArticle 325x - Net jump-to-default amounts Q&AArticle 325y - Calculation of the own funds requirements for the default riskSubsection 2 - Own funds requirements for the default risk for securitisations not included in the ACTP (Article 325z-325aa)Article 325z - Jump-to-default amountsArticle 325aa - Calculation of the own funds requirement for the default risk for securitisationsSubsection 3 - Own funds requirements for the default risk for securitisations included in the ACTP (Article 325ab-325ad)Article 325ab - ScopeArticle 325ac - Jump-to-default amounts for the ACTPArticle 325ad - Calculation of the own funds requirements for the default risk for the ACTPSection 6 - Risk weights and correlations (Article 325ae-325ay)Subsection 1 - Delta risk weights and correlations (Article 325ae-325aw)Article 325ae - Risk weights for general interest rate riskArticle 325af - Intra bucket correlations for general interest rate riskArticle 325ag - Correlations across buckets for general interest rate riskArticle 325ah - Risk weights for credit spread risk for non-securitisationsArticle 325ai - Intra-bucket correlations for credit spread risk for non-securitisations Q&AArticle 325aj - Correlations across buckets for credit spread risk for non-securitisationsArticle 325ak - Risk weights for credit spread risk for securitisations included in the ACTPArticle 325al - Correlations for credit spread risk for securitisations included in the ACTPArticle 325am - Risk weights for credit spread risk for securitisations not included in the ACTPArticle 325an - Intra-bucket correlations for credit spread risk for securitisations not included in the ACTPArticle 325ao - Correlations across buckets for credit spread risk for securitisations not included in the ACTPArticle 325ap - Risk weights for equity risk RTSArticle 325aq - Intra-bucket correlations for equity riskArticle 325ar - Correlations across buckets for equity riskArticle 325as - Risk weights for commodity riskArticle 325at - Intra-bucket correlations for commodity riskArticle 325au - Correlations across buckets for commodity riskArticle 325av - Risk weights for foreign exchange riskArticle 325aw - Correlations for foreign exchange riskSubsection 2 - Vega and curvature risk weights and correlations (Article 325ax-325ay)Article 325ax - Vega and curvature risk weights Q&AArticle 325ay - Vega and curvature risk correlations Q&A
Section 1 - General provisions (Article 325c)Article 325c - Scope and structure of the alternative standardised approach Q&A
Section 2 - Sensitivities-based method for calculating the own funds requirement (Article 325d-325k)Article 325d - DefinitionsArticle 325e - Components of the sensitivities-based method Q&AArticle 325f - Own funds requirements for delta and vega risks Q&AArticle 325g - Own funds requirements for curvature riskArticle 325h - Aggregation of risk-class specific own funds requirements for delta, vega and curvature risks Q&AArticle 325i - Treatment of index instruments and other multi-underlying instrumentsArticle 325j - Treatment of collective investment undertakings Article 325k - Underwriting positions
Section 3 - Risk factor and sensitivity definitions (Article 325l-325t)Subsection 1 - Risk factor definitions (Article 325l-325q)Article 325l - General interest rate risk factorsArticle 325m - Credit spread risk factors for non-securitisation Q&AArticle 325n - Credit spread risk factors for securitisation Q&AArticle 325o - Equity risk factorsArticle 325p - Commodity risk factorsArticle 325q - Foreign exchange risk factors Subsection 2 - Sensitivity definitions (Article 325r-325t)Article 325r - Delta risk sensitivitiesArticle 325s - Vega risk sensitivitiesArticle 325t - Requirements on sensitivity computations
Subsection 1 - Risk factor definitions (Article 325l-325q)Article 325l - General interest rate risk factorsArticle 325m - Credit spread risk factors for non-securitisation Q&AArticle 325n - Credit spread risk factors for securitisation Q&AArticle 325o - Equity risk factorsArticle 325p - Commodity risk factorsArticle 325q - Foreign exchange risk factors
Subsection 2 - Sensitivity definitions (Article 325r-325t)Article 325r - Delta risk sensitivitiesArticle 325s - Vega risk sensitivitiesArticle 325t - Requirements on sensitivity computations
Section 4 - The residual risk add-on (Article 325u)Article 325u - Own funds requirements for residual risks RTS
Section 5 - Own funds requirements for the default risk (Article 325v-325ad)Article 325v - Definitions and general provisions Q&ASubsection 1 - Own funds requirements for the default risk for non-securitisations (Article 325w-325y)Article 325w - Gross jump-to-default amounts RTSArticle 325x - Net jump-to-default amounts Q&AArticle 325y - Calculation of the own funds requirements for the default riskSubsection 2 - Own funds requirements for the default risk for securitisations not included in the ACTP (Article 325z-325aa)Article 325z - Jump-to-default amountsArticle 325aa - Calculation of the own funds requirement for the default risk for securitisationsSubsection 3 - Own funds requirements for the default risk for securitisations included in the ACTP (Article 325ab-325ad)Article 325ab - ScopeArticle 325ac - Jump-to-default amounts for the ACTPArticle 325ad - Calculation of the own funds requirements for the default risk for the ACTP
Subsection 1 - Own funds requirements for the default risk for non-securitisations (Article 325w-325y)Article 325w - Gross jump-to-default amounts RTSArticle 325x - Net jump-to-default amounts Q&AArticle 325y - Calculation of the own funds requirements for the default risk
Subsection 2 - Own funds requirements for the default risk for securitisations not included in the ACTP (Article 325z-325aa)Article 325z - Jump-to-default amountsArticle 325aa - Calculation of the own funds requirement for the default risk for securitisations
Subsection 3 - Own funds requirements for the default risk for securitisations included in the ACTP (Article 325ab-325ad)Article 325ab - ScopeArticle 325ac - Jump-to-default amounts for the ACTPArticle 325ad - Calculation of the own funds requirements for the default risk for the ACTP
Section 6 - Risk weights and correlations (Article 325ae-325ay)Subsection 1 - Delta risk weights and correlations (Article 325ae-325aw)Article 325ae - Risk weights for general interest rate riskArticle 325af - Intra bucket correlations for general interest rate riskArticle 325ag - Correlations across buckets for general interest rate riskArticle 325ah - Risk weights for credit spread risk for non-securitisationsArticle 325ai - Intra-bucket correlations for credit spread risk for non-securitisations Q&AArticle 325aj - Correlations across buckets for credit spread risk for non-securitisationsArticle 325ak - Risk weights for credit spread risk for securitisations included in the ACTPArticle 325al - Correlations for credit spread risk for securitisations included in the ACTPArticle 325am - Risk weights for credit spread risk for securitisations not included in the ACTPArticle 325an - Intra-bucket correlations for credit spread risk for securitisations not included in the ACTPArticle 325ao - Correlations across buckets for credit spread risk for securitisations not included in the ACTPArticle 325ap - Risk weights for equity risk RTSArticle 325aq - Intra-bucket correlations for equity riskArticle 325ar - Correlations across buckets for equity riskArticle 325as - Risk weights for commodity riskArticle 325at - Intra-bucket correlations for commodity riskArticle 325au - Correlations across buckets for commodity riskArticle 325av - Risk weights for foreign exchange riskArticle 325aw - Correlations for foreign exchange riskSubsection 2 - Vega and curvature risk weights and correlations (Article 325ax-325ay)Article 325ax - Vega and curvature risk weights Q&AArticle 325ay - Vega and curvature risk correlations Q&A
Subsection 1 - Delta risk weights and correlations (Article 325ae-325aw)Article 325ae - Risk weights for general interest rate riskArticle 325af - Intra bucket correlations for general interest rate riskArticle 325ag - Correlations across buckets for general interest rate riskArticle 325ah - Risk weights for credit spread risk for non-securitisationsArticle 325ai - Intra-bucket correlations for credit spread risk for non-securitisations Q&AArticle 325aj - Correlations across buckets for credit spread risk for non-securitisationsArticle 325ak - Risk weights for credit spread risk for securitisations included in the ACTPArticle 325al - Correlations for credit spread risk for securitisations included in the ACTPArticle 325am - Risk weights for credit spread risk for securitisations not included in the ACTPArticle 325an - Intra-bucket correlations for credit spread risk for securitisations not included in the ACTPArticle 325ao - Correlations across buckets for credit spread risk for securitisations not included in the ACTPArticle 325ap - Risk weights for equity risk RTSArticle 325aq - Intra-bucket correlations for equity riskArticle 325ar - Correlations across buckets for equity riskArticle 325as - Risk weights for commodity riskArticle 325at - Intra-bucket correlations for commodity riskArticle 325au - Correlations across buckets for commodity riskArticle 325av - Risk weights for foreign exchange riskArticle 325aw - Correlations for foreign exchange risk
Subsection 2 - Vega and curvature risk weights and correlations (Article 325ax-325ay)Article 325ax - Vega and curvature risk weights Q&AArticle 325ay - Vega and curvature risk correlations Q&A
CHAPTER 1b - Alternative internal model approach (Article 325az-325bp)Section 1 - Permission and own funds requirements (Article 325az-325ba)Article 325az - Alternative internal model approach and permission to use alternative internal models RTSQ&AArticle 325ba - Own funds requirements when using alternative internal models RTSSection 2 - General requirements (Article 325bb-325bk)Article 325bb - Expected shortfall risk measure RTSArticle 325bc - Partial expected shortfall calculations RTSQ&AGLArticle 325bd - Liquidity horizons RTSArticle 325be - Assessment of the modellability of risk factors RTSGLArticle 325bf - Regulatory back-testing requirements and multiplication factors RTSArticle 325bg - Profit and loss attribution requirement RTSArticle 325bh - Requirements on risk measurement RTSGLArticle 325bi - Qualitative requirements RTSArticle 325bj - Internal validation RTSArticle 325bk - Calculation of stress scenario risk measure RTSSection 3 - Internal default risk model (Article 325bl-325bp)Article 325bl - Scope of the internal default risk model RTSArticle 325bm - Permission to use an internal default risk modelArticle 325bn - Own funds requirements for default risk using an internal default risk model RTSArticle 325bo - Recognition of hedges in an internal default risk model RTSArticle 325bp - Particular requirements for an internal default risk model RTSQ&A
Section 1 - Permission and own funds requirements (Article 325az-325ba)Article 325az - Alternative internal model approach and permission to use alternative internal models RTSQ&AArticle 325ba - Own funds requirements when using alternative internal models RTS
Section 2 - General requirements (Article 325bb-325bk)Article 325bb - Expected shortfall risk measure RTSArticle 325bc - Partial expected shortfall calculations RTSQ&AGLArticle 325bd - Liquidity horizons RTSArticle 325be - Assessment of the modellability of risk factors RTSGLArticle 325bf - Regulatory back-testing requirements and multiplication factors RTSArticle 325bg - Profit and loss attribution requirement RTSArticle 325bh - Requirements on risk measurement RTSGLArticle 325bi - Qualitative requirements RTSArticle 325bj - Internal validation RTSArticle 325bk - Calculation of stress scenario risk measure RTS
Section 3 - Internal default risk model (Article 325bl-325bp)Article 325bl - Scope of the internal default risk model RTSArticle 325bm - Permission to use an internal default risk modelArticle 325bn - Own funds requirements for default risk using an internal default risk model RTSArticle 325bo - Recognition of hedges in an internal default risk model RTSArticle 325bp - Particular requirements for an internal default risk model RTSQ&A
CHAPTER 2 - Own funds requirements for position risk (Article 326-350)Section 1 - General provisions and specific instruments (Article 326-333)Article 326 - Own funds requirements for position riskArticle 327 - Netting Q&AArticle 328 - Interest rate futures and forwardsArticle 329 - Options and warrants RTSQ&AArticle 330 - SwapsArticle 331 - Interest rate risk on derivative instruments Q&AArticle 332 - Credit DerivativesArticle 333 - Securities sold under a repurchase agreement or lent Q&ASection 2 - Debt instruments (Article 334-340)Article 334 - Net positions in debt instrumentsSub-Section 1 - Specific risk (Article 335-338)Article 335 - Cap on the own funds requirement for a net positionArticle 336 - Own funds requirement for non-securitisation debt instruments Article 337 - Own funds requirement for securitisation instruments Q&AArticle 338 - Own funds requirement for the correlation trading portfolioSub-Section 2 - General risk (Article 339-340)Article 339 - Maturity-based calculation of general risk Q&AArticle 340 - Duration-based calculation of general risk Q&AGLSection 3 - Equities (Article 341-344)Article 341 - Net positions in equity instruments RTSQ&AArticle 342 - Specific risk of equity instruments Q&AArticle 343 - General risk of equity instruments Q&AArticle 344 - Stock indices ITSQ&ASection 4 - Underwriting (Article 345)Article 345 - Reduction of net positions Q&ASection 5 - Specific risk own funds requirements for positions hedged by credit derivatives (Article 346-347)Article 346 - Allowance for hedges by credit derivatives Q&AArticle 347 - Allowance for hedges by first and nth-to default credit derivativesSection 6 - Own funds requirements for CIUs (Article 348-350)Article 348 - Own funds requirements for CIUs Q&AArticle 349 - General criteria for CIUs Q&AArticle 350 - Specific methods for CIUs Q&A
Section 1 - General provisions and specific instruments (Article 326-333)Article 326 - Own funds requirements for position riskArticle 327 - Netting Q&AArticle 328 - Interest rate futures and forwardsArticle 329 - Options and warrants RTSQ&AArticle 330 - SwapsArticle 331 - Interest rate risk on derivative instruments Q&AArticle 332 - Credit DerivativesArticle 333 - Securities sold under a repurchase agreement or lent Q&A
Section 2 - Debt instruments (Article 334-340)Article 334 - Net positions in debt instrumentsSub-Section 1 - Specific risk (Article 335-338)Article 335 - Cap on the own funds requirement for a net positionArticle 336 - Own funds requirement for non-securitisation debt instruments Article 337 - Own funds requirement for securitisation instruments Q&AArticle 338 - Own funds requirement for the correlation trading portfolioSub-Section 2 - General risk (Article 339-340)Article 339 - Maturity-based calculation of general risk Q&AArticle 340 - Duration-based calculation of general risk Q&AGL
Sub-Section 1 - Specific risk (Article 335-338)Article 335 - Cap on the own funds requirement for a net positionArticle 336 - Own funds requirement for non-securitisation debt instruments Article 337 - Own funds requirement for securitisation instruments Q&AArticle 338 - Own funds requirement for the correlation trading portfolio
Sub-Section 2 - General risk (Article 339-340)Article 339 - Maturity-based calculation of general risk Q&AArticle 340 - Duration-based calculation of general risk Q&AGL
Section 3 - Equities (Article 341-344)Article 341 - Net positions in equity instruments RTSQ&AArticle 342 - Specific risk of equity instruments Q&AArticle 343 - General risk of equity instruments Q&AArticle 344 - Stock indices ITSQ&A
Section 5 - Specific risk own funds requirements for positions hedged by credit derivatives (Article 346-347)Article 346 - Allowance for hedges by credit derivatives Q&AArticle 347 - Allowance for hedges by first and nth-to default credit derivatives
Section 6 - Own funds requirements for CIUs (Article 348-350)Article 348 - Own funds requirements for CIUs Q&AArticle 349 - General criteria for CIUs Q&AArticle 350 - Specific methods for CIUs Q&A
CHAPTER 3 - Own funds requirements for foreign-exchange risk (Article 351-354)Article 351 - De minimis and weighting for foreign exchange risk Q&AArticle 352 - Calculation of the overall net foreign exchange position RTSQ&AGLArticle 353 - Foreign exchange risk of CIUs Q&AArticle 354 - Closely correlated currencies ITSQ&AGL
CHAPTER 4 - Own funds requirements for commodities risk (Article 355-361)Article 355 - Choice of method for commodities risk Q&AArticle 356 - Ancillary commodities businessArticle 357 - Positions in commodities Q&AArticle 358 - Particular instruments RTSQ&AArticle 359 - Maturity ladder approach Q&AArticle 360 - Simplified approach Q&AArticle 361 - Extended maturity ladder approach Q&A
CHAPTER 5 - Use of internal models to calculate own funds requirements (Article 362-377)Section 1 - Permission and own funds requirements (Article 362-364)Article 362 - Specific and general risks Article 363 - Permission to use internal models ITSRTSQ&AArticle 364 - Own funds requirements when using internal models Q&ASection 2 - General requirements (Article 365-369)Article 365 - VaR and stressed VaR Calculation Article 366 - Regulatory back testing and multiplication factors Q&AArticle 367 - Requirements on risk measurement Q&AArticle 368 - Qualitative requirements GLArticle 369 - Internal Validation Section 3 - Requirements particular to specific risk modelling (Article 370-371)Article 370 - Requirements for modelling specific risk Q&AArticle 371 - Exclusions from specific risk modelsSection 4 - Internal model for incremental default and migration risk (Article 372-376)Article 372 - Requirement to have an internal IRC model Article 373 - Scope of the internal IRC model Article 374 - Parameters of the internal IRC model Q&AArticle 375 - Recognition of hedges in the internal IRC model Article 376 - Particular requirements for the internal IRC model Section 5 - Internal model for correlation trading (Article 377)Article 377 - Requirements for an internal model for correlation trading Q&A
Section 1 - Permission and own funds requirements (Article 362-364)Article 362 - Specific and general risks Article 363 - Permission to use internal models ITSRTSQ&AArticle 364 - Own funds requirements when using internal models Q&A
Section 2 - General requirements (Article 365-369)Article 365 - VaR and stressed VaR Calculation Article 366 - Regulatory back testing and multiplication factors Q&AArticle 367 - Requirements on risk measurement Q&AArticle 368 - Qualitative requirements GLArticle 369 - Internal Validation
Section 3 - Requirements particular to specific risk modelling (Article 370-371)Article 370 - Requirements for modelling specific risk Q&AArticle 371 - Exclusions from specific risk models
Section 4 - Internal model for incremental default and migration risk (Article 372-376)Article 372 - Requirement to have an internal IRC model Article 373 - Scope of the internal IRC model Article 374 - Parameters of the internal IRC model Q&AArticle 375 - Recognition of hedges in the internal IRC model Article 376 - Particular requirements for the internal IRC model
Section 5 - Internal model for correlation trading (Article 377)Article 377 - Requirements for an internal model for correlation trading Q&A
TITLE V - OWN FUNDS REQUIREMENTS FOR SETTLEMENT RISK (Article 378-380)Article 378 - Settlement/delivery risk Q&AArticle 379 - Free deliveries Q&AArticle 380 - Waiver GL
TITLE VI - OWN FUNDS REQUIREMENTS FOR CREDIT VALUATION ADJUSTMENT RISK (Article 381-386)Article 381 - Meaning of credit valuation adjustment Q&AArticle 382 - Scope RTSQ&AGLArticle 383 - Advanced method RTSQ&AArticle 383a - Regulatory CVA modelArticle 384 - Standardised method Q&AArticle 385 - Alternative to using CVA methods for calculating own funds requirements Article 386 - Eligible hedges Q&A
PART FOUR - LARGE EXPOSURES (Article 387-403)Article 387 - Subject matter Article 388 - Negative Scope [repealed] Article 389 - Definition Q&AArticle 390 - Calculation of the exposure value RTSQ&AArticle 391 - Definition of an institution for large exposures purposes IAQ&AArticle 392 - Definition of a large exposure Q&AArticle 393 - Capacity to identify and manage large exposuresArticle 394 - Reporting requirements ITSRTSQ&AArticle 395 - Limits to large exposures Q&AGLArticle 396 - Compliance with large exposures requirements GLArticle 397 - Calculating additional own funds requirements for large exposures in the trading book Q&AArticle 398 - Procedures to prevent institutions from avoiding the additional own funds requirementArticle 399 - Eligible credit mitigation techniques Q&AArticle 400 - Exemptions ITSQ&AGLArticle 401 - Calculating the effect of the use of credit risk mitigation techniques Q&AArticle 402 - Exposures arising from mortgage lending Q&AArticle 403 - Substitution approach Q&AGL
PART FIVE - EXPOSURES TO TRANSFERRED CREDIT RISK (Article 404-410)TITLE I - GENERAL PROVISIONS FOR THIS PART (Article 404)Article 404 - Scope of application [repealed]TITLE II - REQUIREMENTS FOR INVESTOR INSTITUTIONS (Article 405-407)Article 405 - Retained interest of the issuer [repealed] RTSQ&AArticle 406 - Due diligence [repealed] RTSArticle 407 - Additional risk weight [repealed] ITSTITLE III - REQUIREMENTS FOR SPONSOR AND ORIGINATOR INSTITUTIONS (Article 408-410)Article 408 - Criteria for credit granting [repealed] RTSGLArticle 409 - Disclosure to investors [repealed] RTSArticle 410 - Uniform condition of application [repealed] ITSRTS
TITLE I - GENERAL PROVISIONS FOR THIS PART (Article 404)Article 404 - Scope of application [repealed]
TITLE II - REQUIREMENTS FOR INVESTOR INSTITUTIONS (Article 405-407)Article 405 - Retained interest of the issuer [repealed] RTSQ&AArticle 406 - Due diligence [repealed] RTSArticle 407 - Additional risk weight [repealed] ITS
TITLE III - REQUIREMENTS FOR SPONSOR AND ORIGINATOR INSTITUTIONS (Article 408-410)Article 408 - Criteria for credit granting [repealed] RTSGLArticle 409 - Disclosure to investors [repealed] RTSArticle 410 - Uniform condition of application [repealed] ITSRTS
PART SIX - LIQUIDITY (Article 411-428az)TITLE I - DEFINITIONS AND LIQUIDITY REQUIREMENTS (Article 411-414)Article 411 - Definitions Q&AArticle 412 - Liquidity coverage requirement ITSDAQ&AArticle 413 - Stable funding requirement Q&AArticle 414 - Compliance with liquidity requirements Q&AGLTITLE II - LIQUIDITY REPORTING (Article 415-426)Article 415 - Reporting obligation and reporting format ITSQ&AGLArticle 416 - Reporting on liquid assets ITSQ&AArticle 417 - Operational requirements for holdings of liquid assets Q&AArticle 418 - Valuation of liquid assets Q&AArticle 419 - Currencies with constraints on the availability of liquid assets ITSRTSArticle 420 - Liquidity outflows Q&AGLArticle 421 - Outflows on retail deposits Q&AGLArticle 422 - Outflows on other liabilities RTSQ&AGLArticle 423 - Additional outflows RTSQ&AArticle 424 - Outflows from credit and liquidity facilities Q&AArticle 425 - Inflows RTSQ&AGLArticle 426 - Updating Future liquidity requirementsTITLE III - REPORTING ON STABLE FUNDING (Article 427-428)Article 427 - Items providing stable funding Q&AArticle 428 - Items requiring stable funding ITSQ&ATITLE IV - THE NET STABLE FUNDING RATIO (Article 428a-428h)CHAPTER 1 - The net stable funding ratio (Article 428a-428b)Article 428a - Application on a consolidated basisArticle 428b - The net stable funding ratio CHAPTER 2 - General rules for the calculation of the net stable funding ratio (Article 428c-428h)Article 428c - Calculation of the net stable funding ratio Q&AArticle 428d - Derivative contracts Q&AArticle 428e - Netting of secured lending transactions and capital market-driven transactions Q&AArticle 428f - Interdependent assets and liabilities Q&AArticle 428g - Deposits in institutional protection schemes and cooperative networksArticle 428h - Preferential treatment within a group or within an institutional protection scheme Q&ACHAPTER 3 - Available stable funding (Article 428i-428o)Section 1 - General provisions (Article 428i-428j)Article 428i - Calculation of the amount of available stable fundingArticle 428j - Residual maturity of a liability or of own funds Q&ASection 2 - Available stable funding factors (Article 428k-428o)Article 428k - 0 % available stable funding factor Q&AArticle 428l - 50 % available stable funding factor Q&AArticle 428m - 90 % available stable funding factor Q&AArticle 428n - 95 % available stable funding factor Q&AArticle 428o - 100 % available stable funding factor Q&ACHAPTER 4 - Required stable funding (Article 428p-428ah)Section 1 - General provisions (Article 428p-428q)Article 428p - Calculation of the amount of required stable funding Q&AGLArticle 428q - Residual maturity of an asset Q&AGLSection 2 - Required stable funding factors (Article 428r-428ah)Article 428r - 0 % required stable funding factor Q&AArticle 428s - 5 % required stable funding factor Q&AArticle 428t - 7 % required stable funding factorArticle 428u - 7,5 % required stable funding factorArticle 428v - 10 % required stable funding factorArticle 428w - 12 % required stable funding factor Q&AArticle 428x - 15 % required stable funding factorArticle 428y - 20 % required stable funding factor Q&AArticle 428z - 25 % required stable funding factorArticle 428aa - 30 % required stable funding factor Q&AArticle 428ab - 35 % required stable funding factor Q&AArticle 428ac - 40 % required stable funding factor Q&AArticle 428ad - 50 % required stable funding factor Q&AArticle 428ae - 55 % required stable funding factor Q&AArticle 428af - 65 % required stable funding factor Q&AArticle 428ag - 85 % required stable funding factor Q&AArticle 428ah - 100 % required stable funding factor Q&ACHAPTER 5 - Derogation for small and non-complex institutions (Article 428ai)Article 428ai - Derogation for small and non-complex institutions CHAPTER 6 - Available stable funding for the simplified calculation of the net stable funding ratio (Article 428aj-428ap)Section 1 - General provisions (Article 428aj-428ak)Article 428aj - Simplified calculation of the amount of available stable fundingArticle 428ak - Residual maturity of a liability or own fundsSection 2 - Available stable funding factors (Article 428al-428ap)Article 428al - 0 % available stable funding factorArticle 428am - 50 % available stable funding factorArticle 428an - 90 % available stable funding factorArticle 428ao - 95 % available stable funding factorArticle 428ap - 100 % available stable funding factorCHAPTER 7 - Required stable funding for the simplified calculation of the net stable funding ratio (Article 428aq-428az)Section 1 - General provisions (Article 428aq-428ar)Article 428aq - Simplified calculation of the amount of required stable funding GLArticle 428ar - Residual maturity of an asset GLSection 2 - Required stable funding factors (Article 428as-428az)Article 428as - 0 % required stable funding factorArticle 428at - 5 % required stable funding factorArticle 428au - 10 % required stable funding factorArticle 428av - 20 % required stable funding factorArticle 428aw - 50 % required stable funding factorArticle 428ax - 55 % required stable funding factorArticle 428ay - 85 % required stable funding factorArticle 428az - 100 % required stable funding factor
TITLE I - DEFINITIONS AND LIQUIDITY REQUIREMENTS (Article 411-414)Article 411 - Definitions Q&AArticle 412 - Liquidity coverage requirement ITSDAQ&AArticle 413 - Stable funding requirement Q&AArticle 414 - Compliance with liquidity requirements Q&AGL
TITLE II - LIQUIDITY REPORTING (Article 415-426)Article 415 - Reporting obligation and reporting format ITSQ&AGLArticle 416 - Reporting on liquid assets ITSQ&AArticle 417 - Operational requirements for holdings of liquid assets Q&AArticle 418 - Valuation of liquid assets Q&AArticle 419 - Currencies with constraints on the availability of liquid assets ITSRTSArticle 420 - Liquidity outflows Q&AGLArticle 421 - Outflows on retail deposits Q&AGLArticle 422 - Outflows on other liabilities RTSQ&AGLArticle 423 - Additional outflows RTSQ&AArticle 424 - Outflows from credit and liquidity facilities Q&AArticle 425 - Inflows RTSQ&AGLArticle 426 - Updating Future liquidity requirements
TITLE III - REPORTING ON STABLE FUNDING (Article 427-428)Article 427 - Items providing stable funding Q&AArticle 428 - Items requiring stable funding ITSQ&A
TITLE IV - THE NET STABLE FUNDING RATIO (Article 428a-428h)CHAPTER 1 - The net stable funding ratio (Article 428a-428b)Article 428a - Application on a consolidated basisArticle 428b - The net stable funding ratio CHAPTER 2 - General rules for the calculation of the net stable funding ratio (Article 428c-428h)Article 428c - Calculation of the net stable funding ratio Q&AArticle 428d - Derivative contracts Q&AArticle 428e - Netting of secured lending transactions and capital market-driven transactions Q&AArticle 428f - Interdependent assets and liabilities Q&AArticle 428g - Deposits in institutional protection schemes and cooperative networksArticle 428h - Preferential treatment within a group or within an institutional protection scheme Q&A
CHAPTER 1 - The net stable funding ratio (Article 428a-428b)Article 428a - Application on a consolidated basisArticle 428b - The net stable funding ratio
CHAPTER 2 - General rules for the calculation of the net stable funding ratio (Article 428c-428h)Article 428c - Calculation of the net stable funding ratio Q&AArticle 428d - Derivative contracts Q&AArticle 428e - Netting of secured lending transactions and capital market-driven transactions Q&AArticle 428f - Interdependent assets and liabilities Q&AArticle 428g - Deposits in institutional protection schemes and cooperative networksArticle 428h - Preferential treatment within a group or within an institutional protection scheme Q&A
CHAPTER 3 - Available stable funding (Article 428i-428o)Section 1 - General provisions (Article 428i-428j)Article 428i - Calculation of the amount of available stable fundingArticle 428j - Residual maturity of a liability or of own funds Q&ASection 2 - Available stable funding factors (Article 428k-428o)Article 428k - 0 % available stable funding factor Q&AArticle 428l - 50 % available stable funding factor Q&AArticle 428m - 90 % available stable funding factor Q&AArticle 428n - 95 % available stable funding factor Q&AArticle 428o - 100 % available stable funding factor Q&A
Section 1 - General provisions (Article 428i-428j)Article 428i - Calculation of the amount of available stable fundingArticle 428j - Residual maturity of a liability or of own funds Q&A
Section 2 - Available stable funding factors (Article 428k-428o)Article 428k - 0 % available stable funding factor Q&AArticle 428l - 50 % available stable funding factor Q&AArticle 428m - 90 % available stable funding factor Q&AArticle 428n - 95 % available stable funding factor Q&AArticle 428o - 100 % available stable funding factor Q&A
CHAPTER 4 - Required stable funding (Article 428p-428ah)Section 1 - General provisions (Article 428p-428q)Article 428p - Calculation of the amount of required stable funding Q&AGLArticle 428q - Residual maturity of an asset Q&AGLSection 2 - Required stable funding factors (Article 428r-428ah)Article 428r - 0 % required stable funding factor Q&AArticle 428s - 5 % required stable funding factor Q&AArticle 428t - 7 % required stable funding factorArticle 428u - 7,5 % required stable funding factorArticle 428v - 10 % required stable funding factorArticle 428w - 12 % required stable funding factor Q&AArticle 428x - 15 % required stable funding factorArticle 428y - 20 % required stable funding factor Q&AArticle 428z - 25 % required stable funding factorArticle 428aa - 30 % required stable funding factor Q&AArticle 428ab - 35 % required stable funding factor Q&AArticle 428ac - 40 % required stable funding factor Q&AArticle 428ad - 50 % required stable funding factor Q&AArticle 428ae - 55 % required stable funding factor Q&AArticle 428af - 65 % required stable funding factor Q&AArticle 428ag - 85 % required stable funding factor Q&AArticle 428ah - 100 % required stable funding factor Q&A
Section 1 - General provisions (Article 428p-428q)Article 428p - Calculation of the amount of required stable funding Q&AGLArticle 428q - Residual maturity of an asset Q&AGL
Section 2 - Required stable funding factors (Article 428r-428ah)Article 428r - 0 % required stable funding factor Q&AArticle 428s - 5 % required stable funding factor Q&AArticle 428t - 7 % required stable funding factorArticle 428u - 7,5 % required stable funding factorArticle 428v - 10 % required stable funding factorArticle 428w - 12 % required stable funding factor Q&AArticle 428x - 15 % required stable funding factorArticle 428y - 20 % required stable funding factor Q&AArticle 428z - 25 % required stable funding factorArticle 428aa - 30 % required stable funding factor Q&AArticle 428ab - 35 % required stable funding factor Q&AArticle 428ac - 40 % required stable funding factor Q&AArticle 428ad - 50 % required stable funding factor Q&AArticle 428ae - 55 % required stable funding factor Q&AArticle 428af - 65 % required stable funding factor Q&AArticle 428ag - 85 % required stable funding factor Q&AArticle 428ah - 100 % required stable funding factor Q&A
CHAPTER 5 - Derogation for small and non-complex institutions (Article 428ai)Article 428ai - Derogation for small and non-complex institutions
CHAPTER 6 - Available stable funding for the simplified calculation of the net stable funding ratio (Article 428aj-428ap)Section 1 - General provisions (Article 428aj-428ak)Article 428aj - Simplified calculation of the amount of available stable fundingArticle 428ak - Residual maturity of a liability or own fundsSection 2 - Available stable funding factors (Article 428al-428ap)Article 428al - 0 % available stable funding factorArticle 428am - 50 % available stable funding factorArticle 428an - 90 % available stable funding factorArticle 428ao - 95 % available stable funding factorArticle 428ap - 100 % available stable funding factor
Section 1 - General provisions (Article 428aj-428ak)Article 428aj - Simplified calculation of the amount of available stable fundingArticle 428ak - Residual maturity of a liability or own funds
Section 2 - Available stable funding factors (Article 428al-428ap)Article 428al - 0 % available stable funding factorArticle 428am - 50 % available stable funding factorArticle 428an - 90 % available stable funding factorArticle 428ao - 95 % available stable funding factorArticle 428ap - 100 % available stable funding factor
CHAPTER 7 - Required stable funding for the simplified calculation of the net stable funding ratio (Article 428aq-428az)Section 1 - General provisions (Article 428aq-428ar)Article 428aq - Simplified calculation of the amount of required stable funding GLArticle 428ar - Residual maturity of an asset GLSection 2 - Required stable funding factors (Article 428as-428az)Article 428as - 0 % required stable funding factorArticle 428at - 5 % required stable funding factorArticle 428au - 10 % required stable funding factorArticle 428av - 20 % required stable funding factorArticle 428aw - 50 % required stable funding factorArticle 428ax - 55 % required stable funding factorArticle 428ay - 85 % required stable funding factorArticle 428az - 100 % required stable funding factor
Section 1 - General provisions (Article 428aq-428ar)Article 428aq - Simplified calculation of the amount of required stable funding GLArticle 428ar - Residual maturity of an asset GL
Section 2 - Required stable funding factors (Article 428as-428az)Article 428as - 0 % required stable funding factorArticle 428at - 5 % required stable funding factorArticle 428au - 10 % required stable funding factorArticle 428av - 20 % required stable funding factorArticle 428aw - 50 % required stable funding factorArticle 428ax - 55 % required stable funding factorArticle 428ay - 85 % required stable funding factorArticle 428az - 100 % required stable funding factor
PART SEVEN - LEVERAGE (Article 429-429g)Article 429 - Calculation of the leverage ratio Q&AArticle 429a - Exposures excluded from the total exposure measure Q&AArticle 429b - Calculation of the exposure value of assets Q&AArticle 429c - Calculation of the exposure value of derivatives Q&AArticle 429d - Additional provisions on the calculation of the exposure value of written credit derivatives Q&AArticle 429e - Counterparty credit risk add-on for securities financing transactions Q&AArticle 429f - Calculation of the exposure value of off-balance-sheet items Q&AArticle 429g - Calculation of the exposure value of regular-way purchases and sales awaiting settlement Q&A
PART SEVEN A - REPORTING REQUIREMENTS (Article 430-430c)Article 430 - Reporting on prudential requirements and financial information ITSQ&AArticle 430a - Specific reporting obligations Q&AArticle 430b - Specific reporting requirements for market risk ITSArticle 430c - Feasibility report on the integrated reporting system
PART EIGHT - DISCLOSURE BY INSTITUTIONS (Article 431-455)TITLE I - GENERAL PRINCIPLES (Article 431-434c)Article 431 - Disclosure requirements and policies Q&AGLArticle 432 - Non-material, proprietary or confidential information Q&AGLArticle 433 - Frequency and scope of disclosures Q&AGLArticle 433a - Disclosures by large institutionsArticle 433b - Disclosures by small and non-complex institutionsArticle 433c - Disclosures by other institutionsArticle 434 - Means of disclosures ITSQ&AGLArticle 434a - Uniform disclosure formats ITSQ&AArticle 434b - Accessibility of information on the European single access pointArticle 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 ITSTITLE II - TECHNICAL CRITERIA ON TRANSPARENCY AND DISCLOSURE (Article 435-451b)Article 435 - Disclosure of risk management objectives and policies ITSQ&AGLArticle 436 - Disclosure of the scope of application ITSGLArticle 437 - Disclosure of own funds ITSQ&AGLArticle 437a - Disclosure of own funds and eligible liabilities ITSGLArticle 438 - Disclosure of own funds requirements and risk-weighted exposure amounts ITSQ&AGLArticle 439 - Disclosure of exposures to counterparty credit risk ITSGLArticle 440 - Disclosure of countercyclical capital buffers ITSRTSQ&AGLArticle 441 - Disclosure of indicators of global systemic importance ITSGLArticle 442 - Disclosure of exposures to credit risk and dilution risk ITSQ&AGLArticle 443 - Disclosure of encumbered and unencumbered assets ITSRTSQ&AGLArticle 444 - Disclosure of the use of the Standardised Approach ITSQ&AGLArticle 445 - Disclosure of exposure to market risk ITSGLArticle 446 - Disclosure of operational risk management ITSArticle 447 - Disclosure of key metrics ITSQ&AArticle 448 - Disclosure of exposures to interest rate risk on positions not held in the trading book ITSArticle 449 - Disclosure of exposures to securitisation positions ITSArticle 449a - Disclosure of environmental, social and governance risks (ESG risks) ITSQ&AArticle 450 - Disclosure of remuneration policy ITSQ&AGLArticle 451 - Disclosure of the leverage ratio ITSQ&AGLArticle 451a - Disclosure of liquidity requirements ITSQ&AArticle 451b - Disclosure of crypto-asset exposures and related activitiesTITLE III - QUALIFYING REQUIREMENTS FOR THE USE OF PARTICULAR INSTRUMENTS OR METHODOLOGIES (Article 452-455)Article 452 - Disclosure of the use of the IRB Approach to credit risk ITSQ&AGLArticle 453 - Disclosure of the use of credit risk mitigation techniques ITSGLArticle 454 - Disclosure of the use of the Advanced Measurement Approaches to operational risk ITSArticle 455 - Use of internal market risk models ITSGL
TITLE I - GENERAL PRINCIPLES (Article 431-434c)Article 431 - Disclosure requirements and policies Q&AGLArticle 432 - Non-material, proprietary or confidential information Q&AGLArticle 433 - Frequency and scope of disclosures Q&AGLArticle 433a - Disclosures by large institutionsArticle 433b - Disclosures by small and non-complex institutionsArticle 433c - Disclosures by other institutionsArticle 434 - Means of disclosures ITSQ&AGLArticle 434a - Uniform disclosure formats ITSQ&AArticle 434b - Accessibility of information on the European single access pointArticle 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 ITS
TITLE II - TECHNICAL CRITERIA ON TRANSPARENCY AND DISCLOSURE (Article 435-451b)Article 435 - Disclosure of risk management objectives and policies ITSQ&AGLArticle 436 - Disclosure of the scope of application ITSGLArticle 437 - Disclosure of own funds ITSQ&AGLArticle 437a - Disclosure of own funds and eligible liabilities ITSGLArticle 438 - Disclosure of own funds requirements and risk-weighted exposure amounts ITSQ&AGLArticle 439 - Disclosure of exposures to counterparty credit risk ITSGLArticle 440 - Disclosure of countercyclical capital buffers ITSRTSQ&AGLArticle 441 - Disclosure of indicators of global systemic importance ITSGLArticle 442 - Disclosure of exposures to credit risk and dilution risk ITSQ&AGLArticle 443 - Disclosure of encumbered and unencumbered assets ITSRTSQ&AGLArticle 444 - Disclosure of the use of the Standardised Approach ITSQ&AGLArticle 445 - Disclosure of exposure to market risk ITSGLArticle 446 - Disclosure of operational risk management ITSArticle 447 - Disclosure of key metrics ITSQ&AArticle 448 - Disclosure of exposures to interest rate risk on positions not held in the trading book ITSArticle 449 - Disclosure of exposures to securitisation positions ITSArticle 449a - Disclosure of environmental, social and governance risks (ESG risks) ITSQ&AArticle 450 - Disclosure of remuneration policy ITSQ&AGLArticle 451 - Disclosure of the leverage ratio ITSQ&AGLArticle 451a - Disclosure of liquidity requirements ITSQ&AArticle 451b - Disclosure of crypto-asset exposures and related activities
TITLE III - QUALIFYING REQUIREMENTS FOR THE USE OF PARTICULAR INSTRUMENTS OR METHODOLOGIES (Article 452-455)Article 452 - Disclosure of the use of the IRB Approach to credit risk ITSQ&AGLArticle 453 - Disclosure of the use of credit risk mitigation techniques ITSGLArticle 454 - Disclosure of the use of the Advanced Measurement Approaches to operational risk ITSArticle 455 - Use of internal market risk models ITSGL
PART NINE - DELEGATED AND IMPLEMENTING ACTS (Article 456-464)Article 456 - Delegated acts Q&AGLArticle 457 - Technical adjustments and correctionsArticle 458 - Macroprudential or systemic risk identified at the level of a Member State Q&AArticle 459 - Prudential requirementsArticle 460 - Liquidity DAQ&AArticle 461 - Review of the phasing-in of the liquidity coverage requirementArticle 461a - Own funds requirements for market risk Article 462 - Exercise of the delegationArticle 463 - Objections to regulatory technical standardsArticle 464 - European Banking Committee Q&A
PART TEN - TRANSITIONAL PROVISIONS, REPORTS, REVIEWS AND AMENDMENTS (Article 465-520)TITLE I - TRANSITIONAL PROVISIONS (Article 465-501b)CHAPTER 1 - Own funds requirements, unrealised gains and losses measured at fair value and deductions (Article 465-482)Section 1 - Own funds requirements (Article 465-466)Article 465 - Own funds requirements Article 466 - First time application of International Financial Reporting StandardsSection 2 - Unrealised gains and losses measured at fair value (Article 467-468)Article 467 - Unrealised losses measured at fair value [repealed] Q&AArticle 468 - Temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income Q&AGLSection 3 - Deductions (Article 469-478)Sub-Section 1 - Deductions from Common Equity Tier 1 items (Article 469-473a)Article 469 - Deductions from Common Equity Tier 1 items Q&AArticle 469a - Derogation from deductions from Common Equity Tier 1 items for non-performing exposures Q&AArticle 470 - Exemption from deduction from Common Equity Tier 1 items Q&AArticle 471 - Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 Items Q&AGLArticle 472 - Items not deducted from Common Equity Tier 1 Q&AArticle 473 - Introduction of amendments to IAS 19 Q&AArticle 473a - Introduction of IFRS 9 Q&AGLSub-Section 2 - Deductions from Additional Tier 1 items (Article 474-475)Article 474 - Deductions from Additional Tier 1 itemsArticle 475 - Items not deducted from Additional Tier 1 items Q&ASub-Section 3 - Deductions from Tier 2 items (Article 476-477)Article 476 - Deductions from Tier 2 itemsArticle 477 - Deductions from Tier 2 items Q&ASub-Section 3a - Deductions from eligible liabilities items (Article 477a)Article 477a - Deductions from eligible liabilities itemsSub-Section 4 - Applicable percentages for deduction (Article 478)Article 478 - Applicable percentages for deduction from Common Equity Tier 1, Additional Tier 1 and Tier 2 items Q&AGLSection 4 - minority interest and additional Tier 1 and Tier 2 instruments issued by subsidiaries (Article 479-480)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 Section 5 - Additional filters and deductions (Article 481-482)Article 481 - Additional filters and deductions RTSQ&AArticle 482 - Scope of application for derivatives transactions with pension fundsCHAPTER 2 - Grandfathering of capital instruments (Article 483-491)Section 1 - Instruments constituting State aid (Article 483)Article 483 - Grandfathering of State aid instruments Q&ASection 2 - Instruments not constituting State aid (Article 484-491)Sub-Section 1 - Grandfathering eligibility and limits (Article 484-488)Article 484 - Eligibility for grandfathering of items that qualified as own funds under national transposition measures for Directive 2006/48/EC Q&AArticle 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 Q&AArticle 486 - Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items RTSQ&AArticle 487 - Items excluded from grandfathering in Common Equity Tier 1 or Additional Tier 1 items in other elements of own funds RTSQ&AArticle 488 - Amortisation of items grandfathered as Tier 2 items Sub-Section 2 - Inclusion of instruments with a call and incentive to redeem in additional Tier 1 and Tier 2 items (Article 489-491)Article 489 - Hybrid instruments with a call and incentive to redeem Q&AArticle 490 - Tier 2 items with an incentive to redeem Q&AArticle 491 - Effective maturity Q&ACHAPTER 3 - Transitional provisions for disclosure of own funds (Article 492)Article 492 - Disclosure of own funds ITSCHAPTER 4 - Large exposures, own funds requirements, leverage and the Basel I Floor (Article 493-501b)Article 493 - Transitional provisions for large exposures Q&AArticle 494 - Transitional provisions concerning the requirement for own funds and eligible liabilitiesArticle 494a - Grandfathering of issuances through special purpose entities Q&AArticle 494b - Grandfathering of own funds instruments and eligible liabilities instruments Q&AArticle 494c - Grandfathering of senior securitisation positionsArticle 495 - Treatment of equity exposures under the IRB Approach RTSQ&AArticle 495b - Transitional arrangements for specialised lending exposuresArticle 495c - Transitional arrangements for leasing exposures as a credit risk mitigation techniqueArticle 496 - Own funds requirements for covered bonds [repealed]Article 497 - Own funds requirements for exposures to CCPs IAArticle 498 - Exemption for Commodities dealersArticle 499 - Leverage ITSQ&AArticle 500 - Adjustment for massive disposals Q&AArticle 500a - Temporary treatment of public debt issued in the currency of another Member State Q&AArticle 500b - Temporary exclusion of certain exposures to central banks from the total exposure measure in view of the COVID-19 pandemic Q&AGLArticle 500c - Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemic GLArticle 500d - Temporary calculation of the exposure value of regular-way purchases and sales awaiting settlement in view of the COVID-19 pandemic GLArticle 501 - Adjustment of risk-weighted non-defaulted SME exposures Q&AGLArticle 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 Q&AGLArticle 501b - Derogation from reporting requirementsTITLE II - REPORTS AND REVIEWS (Article 501c-519b)Article 501c - Prudential treatment of exposures to environmental or social factors Article 501d - Transitional provisions on the prudential treatment of crypto-assetsArticle 502 - Cyclicality of capital requirementsArticle 503 - Own funds requirements for exposures in the form of covered bondsArticle 504 - Capital instruments subscribed by public authorities in emergency situationsArticle 504a - Holdings of eligible liabilities instrumentsArticle 505 - Review of long-term financingArticle 506 - Credit risk — credit insurance Article 506a - CIUs with an underlying portfolio of euro area sovereign bondsArticle 506b - NPE securitisationsArticle 506e - Recognition of capped or floored unfunded credit protectionArticle 506f - Prudential treatment of securities financing transactionsArticle 507 - Large exposures Article 508 - Level of application Article 509 - Liquidity requirements Q&AArticle 510 - Net Stable Funding RequirementsArticle 511 - Leverage Q&AArticle 512 - Exposures to transferred credit risk Article 513 - Macroprudential rules Article 514 - Method for the calculation of the exposure value of derivative transactionsArticle 515 - Monitoring and evaluationArticle 516 - Long-term financingArticle 517 - Definition of eligible capital Q&AArticle 518 - Review of capital instruments which may be written down or converted at the point of non-viabilityArticle 518a - Review of cross-default provisionsArticle 518b - Report on overshootings and supervisory powers to limit distributionsArticle 518c - Review of the framework for prudential requirementsArticle 519 - Deduction of defined benefit pension fund assets from Common Equity Tier 1 itemsArticle 519a - Reporting and review
TITLE I - TRANSITIONAL PROVISIONS (Article 465-501b)CHAPTER 1 - Own funds requirements, unrealised gains and losses measured at fair value and deductions (Article 465-482)Section 1 - Own funds requirements (Article 465-466)Article 465 - Own funds requirements Article 466 - First time application of International Financial Reporting StandardsSection 2 - Unrealised gains and losses measured at fair value (Article 467-468)Article 467 - Unrealised losses measured at fair value [repealed] Q&AArticle 468 - Temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income Q&AGLSection 3 - Deductions (Article 469-478)Sub-Section 1 - Deductions from Common Equity Tier 1 items (Article 469-473a)Article 469 - Deductions from Common Equity Tier 1 items Q&AArticle 469a - Derogation from deductions from Common Equity Tier 1 items for non-performing exposures Q&AArticle 470 - Exemption from deduction from Common Equity Tier 1 items Q&AArticle 471 - Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 Items Q&AGLArticle 472 - Items not deducted from Common Equity Tier 1 Q&AArticle 473 - Introduction of amendments to IAS 19 Q&AArticle 473a - Introduction of IFRS 9 Q&AGLSub-Section 2 - Deductions from Additional Tier 1 items (Article 474-475)Article 474 - Deductions from Additional Tier 1 itemsArticle 475 - Items not deducted from Additional Tier 1 items Q&ASub-Section 3 - Deductions from Tier 2 items (Article 476-477)Article 476 - Deductions from Tier 2 itemsArticle 477 - Deductions from Tier 2 items Q&ASub-Section 3a - Deductions from eligible liabilities items (Article 477a)Article 477a - Deductions from eligible liabilities itemsSub-Section 4 - Applicable percentages for deduction (Article 478)Article 478 - Applicable percentages for deduction from Common Equity Tier 1, Additional Tier 1 and Tier 2 items Q&AGLSection 4 - minority interest and additional Tier 1 and Tier 2 instruments issued by subsidiaries (Article 479-480)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 Section 5 - Additional filters and deductions (Article 481-482)Article 481 - Additional filters and deductions RTSQ&AArticle 482 - Scope of application for derivatives transactions with pension fundsCHAPTER 2 - Grandfathering of capital instruments (Article 483-491)Section 1 - Instruments constituting State aid (Article 483)Article 483 - Grandfathering of State aid instruments Q&ASection 2 - Instruments not constituting State aid (Article 484-491)Sub-Section 1 - Grandfathering eligibility and limits (Article 484-488)Article 484 - Eligibility for grandfathering of items that qualified as own funds under national transposition measures for Directive 2006/48/EC Q&AArticle 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 Q&AArticle 486 - Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items RTSQ&AArticle 487 - Items excluded from grandfathering in Common Equity Tier 1 or Additional Tier 1 items in other elements of own funds RTSQ&AArticle 488 - Amortisation of items grandfathered as Tier 2 items Sub-Section 2 - Inclusion of instruments with a call and incentive to redeem in additional Tier 1 and Tier 2 items (Article 489-491)Article 489 - Hybrid instruments with a call and incentive to redeem Q&AArticle 490 - Tier 2 items with an incentive to redeem Q&AArticle 491 - Effective maturity Q&ACHAPTER 3 - Transitional provisions for disclosure of own funds (Article 492)Article 492 - Disclosure of own funds ITSCHAPTER 4 - Large exposures, own funds requirements, leverage and the Basel I Floor (Article 493-501b)Article 493 - Transitional provisions for large exposures Q&AArticle 494 - Transitional provisions concerning the requirement for own funds and eligible liabilitiesArticle 494a - Grandfathering of issuances through special purpose entities Q&AArticle 494b - Grandfathering of own funds instruments and eligible liabilities instruments Q&AArticle 494c - Grandfathering of senior securitisation positionsArticle 495 - Treatment of equity exposures under the IRB Approach RTSQ&AArticle 495b - Transitional arrangements for specialised lending exposuresArticle 495c - Transitional arrangements for leasing exposures as a credit risk mitigation techniqueArticle 496 - Own funds requirements for covered bonds [repealed]Article 497 - Own funds requirements for exposures to CCPs IAArticle 498 - Exemption for Commodities dealersArticle 499 - Leverage ITSQ&AArticle 500 - Adjustment for massive disposals Q&AArticle 500a - Temporary treatment of public debt issued in the currency of another Member State Q&AArticle 500b - Temporary exclusion of certain exposures to central banks from the total exposure measure in view of the COVID-19 pandemic Q&AGLArticle 500c - Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemic GLArticle 500d - Temporary calculation of the exposure value of regular-way purchases and sales awaiting settlement in view of the COVID-19 pandemic GLArticle 501 - Adjustment of risk-weighted non-defaulted SME exposures Q&AGLArticle 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 Q&AGLArticle 501b - Derogation from reporting requirements
CHAPTER 1 - Own funds requirements, unrealised gains and losses measured at fair value and deductions (Article 465-482)Section 1 - Own funds requirements (Article 465-466)Article 465 - Own funds requirements Article 466 - First time application of International Financial Reporting StandardsSection 2 - Unrealised gains and losses measured at fair value (Article 467-468)Article 467 - Unrealised losses measured at fair value [repealed] Q&AArticle 468 - Temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income Q&AGLSection 3 - Deductions (Article 469-478)Sub-Section 1 - Deductions from Common Equity Tier 1 items (Article 469-473a)Article 469 - Deductions from Common Equity Tier 1 items Q&AArticle 469a - Derogation from deductions from Common Equity Tier 1 items for non-performing exposures Q&AArticle 470 - Exemption from deduction from Common Equity Tier 1 items Q&AArticle 471 - Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 Items Q&AGLArticle 472 - Items not deducted from Common Equity Tier 1 Q&AArticle 473 - Introduction of amendments to IAS 19 Q&AArticle 473a - Introduction of IFRS 9 Q&AGLSub-Section 2 - Deductions from Additional Tier 1 items (Article 474-475)Article 474 - Deductions from Additional Tier 1 itemsArticle 475 - Items not deducted from Additional Tier 1 items Q&ASub-Section 3 - Deductions from Tier 2 items (Article 476-477)Article 476 - Deductions from Tier 2 itemsArticle 477 - Deductions from Tier 2 items Q&ASub-Section 3a - Deductions from eligible liabilities items (Article 477a)Article 477a - Deductions from eligible liabilities itemsSub-Section 4 - Applicable percentages for deduction (Article 478)Article 478 - Applicable percentages for deduction from Common Equity Tier 1, Additional Tier 1 and Tier 2 items Q&AGLSection 4 - minority interest and additional Tier 1 and Tier 2 instruments issued by subsidiaries (Article 479-480)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 Section 5 - Additional filters and deductions (Article 481-482)Article 481 - Additional filters and deductions RTSQ&AArticle 482 - Scope of application for derivatives transactions with pension funds
Section 1 - Own funds requirements (Article 465-466)Article 465 - Own funds requirements Article 466 - First time application of International Financial Reporting Standards
Section 2 - Unrealised gains and losses measured at fair value (Article 467-468)Article 467 - Unrealised losses measured at fair value [repealed] Q&AArticle 468 - Temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income Q&AGL
Section 3 - Deductions (Article 469-478)Sub-Section 1 - Deductions from Common Equity Tier 1 items (Article 469-473a)Article 469 - Deductions from Common Equity Tier 1 items Q&AArticle 469a - Derogation from deductions from Common Equity Tier 1 items for non-performing exposures Q&AArticle 470 - Exemption from deduction from Common Equity Tier 1 items Q&AArticle 471 - Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 Items Q&AGLArticle 472 - Items not deducted from Common Equity Tier 1 Q&AArticle 473 - Introduction of amendments to IAS 19 Q&AArticle 473a - Introduction of IFRS 9 Q&AGLSub-Section 2 - Deductions from Additional Tier 1 items (Article 474-475)Article 474 - Deductions from Additional Tier 1 itemsArticle 475 - Items not deducted from Additional Tier 1 items Q&ASub-Section 3 - Deductions from Tier 2 items (Article 476-477)Article 476 - Deductions from Tier 2 itemsArticle 477 - Deductions from Tier 2 items Q&ASub-Section 3a - Deductions from eligible liabilities items (Article 477a)Article 477a - Deductions from eligible liabilities itemsSub-Section 4 - Applicable percentages for deduction (Article 478)Article 478 - Applicable percentages for deduction from Common Equity Tier 1, Additional Tier 1 and Tier 2 items Q&AGL
Sub-Section 1 - Deductions from Common Equity Tier 1 items (Article 469-473a)Article 469 - Deductions from Common Equity Tier 1 items Q&AArticle 469a - Derogation from deductions from Common Equity Tier 1 items for non-performing exposures Q&AArticle 470 - Exemption from deduction from Common Equity Tier 1 items Q&AArticle 471 - Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 Items Q&AGLArticle 472 - Items not deducted from Common Equity Tier 1 Q&AArticle 473 - Introduction of amendments to IAS 19 Q&AArticle 473a - Introduction of IFRS 9 Q&AGL
Sub-Section 2 - Deductions from Additional Tier 1 items (Article 474-475)Article 474 - Deductions from Additional Tier 1 itemsArticle 475 - Items not deducted from Additional Tier 1 items Q&A
Sub-Section 3 - Deductions from Tier 2 items (Article 476-477)Article 476 - Deductions from Tier 2 itemsArticle 477 - Deductions from Tier 2 items Q&A
Sub-Section 3a - Deductions from eligible liabilities items (Article 477a)Article 477a - Deductions from eligible liabilities items
Sub-Section 4 - Applicable percentages for deduction (Article 478)Article 478 - Applicable percentages for deduction from Common Equity Tier 1, Additional Tier 1 and Tier 2 items Q&AGL
Section 4 - minority interest and additional Tier 1 and Tier 2 instruments issued by subsidiaries (Article 479-480)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
Section 5 - Additional filters and deductions (Article 481-482)Article 481 - Additional filters and deductions RTSQ&AArticle 482 - Scope of application for derivatives transactions with pension funds
CHAPTER 2 - Grandfathering of capital instruments (Article 483-491)Section 1 - Instruments constituting State aid (Article 483)Article 483 - Grandfathering of State aid instruments Q&ASection 2 - Instruments not constituting State aid (Article 484-491)Sub-Section 1 - Grandfathering eligibility and limits (Article 484-488)Article 484 - Eligibility for grandfathering of items that qualified as own funds under national transposition measures for Directive 2006/48/EC Q&AArticle 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 Q&AArticle 486 - Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items RTSQ&AArticle 487 - Items excluded from grandfathering in Common Equity Tier 1 or Additional Tier 1 items in other elements of own funds RTSQ&AArticle 488 - Amortisation of items grandfathered as Tier 2 items Sub-Section 2 - Inclusion of instruments with a call and incentive to redeem in additional Tier 1 and Tier 2 items (Article 489-491)Article 489 - Hybrid instruments with a call and incentive to redeem Q&AArticle 490 - Tier 2 items with an incentive to redeem Q&AArticle 491 - Effective maturity Q&A
Section 1 - Instruments constituting State aid (Article 483)Article 483 - Grandfathering of State aid instruments Q&A
Section 2 - Instruments not constituting State aid (Article 484-491)Sub-Section 1 - Grandfathering eligibility and limits (Article 484-488)Article 484 - Eligibility for grandfathering of items that qualified as own funds under national transposition measures for Directive 2006/48/EC Q&AArticle 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 Q&AArticle 486 - Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items RTSQ&AArticle 487 - Items excluded from grandfathering in Common Equity Tier 1 or Additional Tier 1 items in other elements of own funds RTSQ&AArticle 488 - Amortisation of items grandfathered as Tier 2 items Sub-Section 2 - Inclusion of instruments with a call and incentive to redeem in additional Tier 1 and Tier 2 items (Article 489-491)Article 489 - Hybrid instruments with a call and incentive to redeem Q&AArticle 490 - Tier 2 items with an incentive to redeem Q&AArticle 491 - Effective maturity Q&A
Sub-Section 1 - Grandfathering eligibility and limits (Article 484-488)Article 484 - Eligibility for grandfathering of items that qualified as own funds under national transposition measures for Directive 2006/48/EC Q&AArticle 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 Q&AArticle 486 - Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items RTSQ&AArticle 487 - Items excluded from grandfathering in Common Equity Tier 1 or Additional Tier 1 items in other elements of own funds RTSQ&AArticle 488 - Amortisation of items grandfathered as Tier 2 items
Sub-Section 2 - Inclusion of instruments with a call and incentive to redeem in additional Tier 1 and Tier 2 items (Article 489-491)Article 489 - Hybrid instruments with a call and incentive to redeem Q&AArticle 490 - Tier 2 items with an incentive to redeem Q&AArticle 491 - Effective maturity Q&A
CHAPTER 3 - Transitional provisions for disclosure of own funds (Article 492)Article 492 - Disclosure of own funds ITS
CHAPTER 4 - Large exposures, own funds requirements, leverage and the Basel I Floor (Article 493-501b)Article 493 - Transitional provisions for large exposures Q&AArticle 494 - Transitional provisions concerning the requirement for own funds and eligible liabilitiesArticle 494a - Grandfathering of issuances through special purpose entities Q&AArticle 494b - Grandfathering of own funds instruments and eligible liabilities instruments Q&AArticle 494c - Grandfathering of senior securitisation positionsArticle 495 - Treatment of equity exposures under the IRB Approach RTSQ&AArticle 495b - Transitional arrangements for specialised lending exposuresArticle 495c - Transitional arrangements for leasing exposures as a credit risk mitigation techniqueArticle 496 - Own funds requirements for covered bonds [repealed]Article 497 - Own funds requirements for exposures to CCPs IAArticle 498 - Exemption for Commodities dealersArticle 499 - Leverage ITSQ&AArticle 500 - Adjustment for massive disposals Q&AArticle 500a - Temporary treatment of public debt issued in the currency of another Member State Q&AArticle 500b - Temporary exclusion of certain exposures to central banks from the total exposure measure in view of the COVID-19 pandemic Q&AGLArticle 500c - Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemic GLArticle 500d - Temporary calculation of the exposure value of regular-way purchases and sales awaiting settlement in view of the COVID-19 pandemic GLArticle 501 - Adjustment of risk-weighted non-defaulted SME exposures Q&AGLArticle 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 Q&AGLArticle 501b - Derogation from reporting requirements
TITLE II - REPORTS AND REVIEWS (Article 501c-519b)Article 501c - Prudential treatment of exposures to environmental or social factors Article 501d - Transitional provisions on the prudential treatment of crypto-assetsArticle 502 - Cyclicality of capital requirementsArticle 503 - Own funds requirements for exposures in the form of covered bondsArticle 504 - Capital instruments subscribed by public authorities in emergency situationsArticle 504a - Holdings of eligible liabilities instrumentsArticle 505 - Review of long-term financingArticle 506 - Credit risk — credit insurance Article 506a - CIUs with an underlying portfolio of euro area sovereign bondsArticle 506b - NPE securitisationsArticle 506e - Recognition of capped or floored unfunded credit protectionArticle 506f - Prudential treatment of securities financing transactionsArticle 507 - Large exposures Article 508 - Level of application Article 509 - Liquidity requirements Q&AArticle 510 - Net Stable Funding RequirementsArticle 511 - Leverage Q&AArticle 512 - Exposures to transferred credit risk Article 513 - Macroprudential rules Article 514 - Method for the calculation of the exposure value of derivative transactionsArticle 515 - Monitoring and evaluationArticle 516 - Long-term financingArticle 517 - Definition of eligible capital Q&AArticle 518 - Review of capital instruments which may be written down or converted at the point of non-viabilityArticle 518a - Review of cross-default provisionsArticle 518b - Report on overshootings and supervisory powers to limit distributionsArticle 518c - Review of the framework for prudential requirementsArticle 519 - Deduction of defined benefit pension fund assets from Common Equity Tier 1 itemsArticle 519a - Reporting and review