The revised large exposures regime is now included in an amendment to the Capital Requirements Directive. The provisions need to be transposed into Member States’ national law by 31 October 2010.
The revised large exposures regime is now included in an amendment to the Capital Requirements Directive.
CEBS has previously identified areas in which further guidance is needed in order to achieve convergent implementation and application of the amended provisions. Thus, the draft guidelines focus on three aspects of the revised large exposures regime:
- Definition of ‘connected clients’, and in particular the concept of ‘interconnectedness’.
- Calculation of exposure values for schemes with exposure to underlying assets.
- Reporting requirements.
The amended provisions need to be transposed into Member States’ national law by 31 October 2010 and will then be applied from 31 December 2010.
Deadline for consultation is 11 September 2009.
Press release
Consultation document
Annex
© CEBS - Committee of European Banking Supervisors
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article