TITLE I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-5)Article 1 - ScopeArticle 2 - Supervisory powersArticle 3 - Application of stricter requirements by institutionsQ&AArticle 4 - DefinitionsQ&AGLArticle 5 - Definitions specific to capital requirements for credit riskQ&A
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 principlesQ&AArticle 7 - Derogation from the application of prudential requirements on an individual basisQ&AArticle 8 - Derogation from the application of liquidity requirements on an individual basisQ&AGLArticle 9 - Individual consolidation methodQ&AArticle 10 - Waiver for credit institutions permanently affiliated to a central bodyCHAPTER 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 treatmentQ&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company or mixed financial holding company with both a subsidiary credit institution and a subsidiary investment firm [repealed]Article 12a - Consolidated calculation for G-SIIs with multiple resolution entitiesQ&AArticle 13 - Application of disclosure requirements on a consolidated basisQ&AArticle 14 - Application of requirements of Article 5 of Regulation (EU) 2017/2402 on a consolidated basisQ&AArticle 15 - Derogation from the application of own funds requirements on a consolidated basis for groups of investment firms [repealed]Q&AArticle 16 - Derogation from the application of the leverage ratio requirements on a consolidated basis for groups of investment firms [repealed]Article 17 - Supervision of investment firms waived from the application of own funds requirements on a consolidated basis [repealed]Section 2 - Methods for prudential consolidation (Article 18)Article 18 - Methods of prudential consolidationITS/RTSQ&ASection 3 - Scope of prudential consolidation (Article 19-24)Article 19 - Entities excluded from the scope of prudential consolidationQ&AArticle 20 - Joint decisions on prudential requirementsITS/RTSArticle 21 - Joint decisions on the level of application of liquidity requirementsArticle 22 - Sub-consolidation in case of entities in third countriesQ&AArticle 23 - Undertakings in third countriesArticle 24 - Valuation of assets and off-balance sheet itemsQ&A
CHAPTER 1 - Application of requirements on an individual basis (Article 6-10)Article 6 - General principlesQ&AArticle 7 - Derogation from the application of prudential requirements on an individual basisQ&AArticle 8 - Derogation from the application of liquidity requirements on an individual basisQ&AGLArticle 9 - Individual consolidation methodQ&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 treatmentQ&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 entitiesQ&AArticle 13 - Application of disclosure requirements on a consolidated basisQ&AArticle 14 - Application of requirements of Article 5 of Regulation (EU) 2017/2402 on a consolidated basisQ&AArticle 15 - Derogation from the application of own funds requirements on a consolidated basis for groups of investment firms [repealed]Q&AArticle 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 consolidationITS/RTSQ&ASection 3 - Scope of prudential consolidation (Article 19-24)Article 19 - Entities excluded from the scope of prudential consolidationQ&AArticle 20 - Joint decisions on prudential requirementsITS/RTSArticle 21 - Joint decisions on the level of application of liquidity requirementsArticle 22 - Sub-consolidation in case of entities in third countriesQ&AArticle 23 - Undertakings in third countriesArticle 24 - Valuation of assets and off-balance sheet itemsQ&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 treatmentQ&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 entitiesQ&AArticle 13 - Application of disclosure requirements on a consolidated basisQ&AArticle 14 - Application of requirements of Article 5 of Regulation (EU) 2017/2402 on a consolidated basisQ&AArticle 15 - Derogation from the application of own funds requirements on a consolidated basis for groups of investment firms [repealed]Q&AArticle 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 consolidationITS/RTSQ&A
Section 3 - Scope of prudential consolidation (Article 19-24)Article 19 - Entities excluded from the scope of prudential consolidationQ&AArticle 20 - Joint decisions on prudential requirementsITS/RTSArticle 21 - Joint decisions on the level of application of liquidity requirementsArticle 22 - Sub-consolidation in case of entities in third countriesQ&AArticle 23 - Undertakings in third countriesArticle 24 - Valuation of assets and off-balance sheet itemsQ&A
TITLE I - ELEMENTS OF OWN FUNDS (Article 25-80)CHAPTER 1 - Tier 1 capital (Article 25)Article 25 - Tier 1 capitalCHAPTER 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 itemsITS/RTSQ&AArticle 27 - Capital instruments of mutuals, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 itemsITS/RTSArticle 28 - Common Equity Tier 1 instrumentsITS/RTSQ&AArticle 29 - Capital instruments issued by mutuals, cooperative societies, savings institutions and similar institutionsITS/RTSQ&AArticle 30 - Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be metQ&AArticle 31 - Capital instruments subscribed by public authorities in emergency situationsSection 2 - Prudential filters (Article 32-35)Article 32 - Securitised assetsITS/RTSQ&AArticle 33 - Cash flow hedges and changes in the value of own liabilitiesITS/RTSQ&AArticle 34 - Additional value adjustmentsQ&AArticle 35 - Unrealised gains and losses measured at fair valueQ&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 itemsITS/RTSQ&AGLArticle 37 - Deduction of intangible assetsQ&AArticle 38 - Deduction of deferred tax assets that rely on future profitabilityQ&AArticle 39 - Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitabilityQ&AArticle 40 - Deduction of negative amounts resulting from the calculation of expected loss amountsQ&AArticle 41 - Deduction of defined benefit pension fund assetsITS/RTSQ&AArticle 42 - Deduction of holdings of own Common Equity Tier 1 instrumentsQ&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 entitiesQ&AArticle 46 - Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entityQ&AArticle 47 - Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entityArticle 47a - Non-performing exposuresQ&AGLArticle 47b - Forbearance measuresQ&AGLArticle 47c - Deduction for non-performing exposuresQ&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 itemsQ&AArticle 49 - Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are appliedITS/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 itemsQ&AArticle 52 - Additional Tier 1 instrumentsITS/RTSQ&AArticle 53 - Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institutionArticle 54 - Write down or conversion of Additional Tier 1 instrumentsQ&AArticle 55 - Consequences of the conditions for Additional Tier 1 instruments ceasing to be metQ&ASection 2 - Deductions from Additional Tier 1 items (Article 56-60)Article 56 - Deductions from Additional Tier 1 itemsQ&AArticle 57 - Deductions of holdings of own Additional Tier 1 instrumentsQ&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 entitiesQ&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 itemsQ&AArticle 63 - Tier 2 instrumentsQ&AArticle 64 - Amortisation of Tier 2 instrumentsQ&AArticle 65 - Consequences of the conditions for Tier 2 instruments ceasing to be metSection 2 - Deductions from Tier 2 items (Article 66-70)Article 66 - Deductions from Tier 2 itemsQ&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 entitiesQ&AArticle 70 - Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entitySection 3 - Tier 2 capital (Article 71)Article 71 - Tier 2 capitalCHAPTER 5 - Own funds (Article 72)Article 72 - Own fundsCHAPTER 5a - Eligible liabilities (Article 72a-72l)Section 1 - Eligible liabilities items and instruments (Article 72a-72d)Article 72a - Eligible liabilities itemsQ&AArticle 72b - Eligible liabilities instrumentsQ&AArticle 72c - Amortisation of eligible liabilities instrumentsQ&AArticle 72d - Consequences of the eligibility conditions ceasing to be metSection 2 - Deductions from eligible liabilities items (Article 72e-72j)Article 72e - Deductions from eligible liabilities itemsQ&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 liabilitiesCHAPTER 6 - General requirements for own funds and eligible liabilities (Article 73-80)Article 73 - Distributions on instrumentsITS/RTSArticle 74 - Holdings of capital instruments issued by regulated financial sector entities that do not qualify as regulatory capitalQ&AArticle 75 - Deduction and maturity requirements for short positionsArticle 76 - Index holdings of capital instruments and of liabilitiesITS/RTSArticle 77 - Conditions for reducing own funds and eligible liabilitiesQ&AArticle 78 - Supervisory permission to reduce own fundsITS/RTSQ&AArticle 78a - Permission to reduce eligible liabilities instrumentsArticle 79 - Temporary waiver from deduction from own funds and eligible liabilitiesITS/RTSQ&AArticle 79a - Assessment of compliance with the conditions for own funds and eligible liabilities instrumentsArticle 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 itemsITS/RTSQ&AArticle 27 - Capital instruments of mutuals, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 itemsITS/RTSArticle 28 - Common Equity Tier 1 instrumentsITS/RTSQ&AArticle 29 - Capital instruments issued by mutuals, cooperative societies, savings institutions and similar institutionsITS/RTSQ&AArticle 30 - Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be metQ&AArticle 31 - Capital instruments subscribed by public authorities in emergency situationsSection 2 - Prudential filters (Article 32-35)Article 32 - Securitised assetsITS/RTSQ&AArticle 33 - Cash flow hedges and changes in the value of own liabilitiesITS/RTSQ&AArticle 34 - Additional value adjustmentsQ&AArticle 35 - Unrealised gains and losses measured at fair valueQ&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 itemsITS/RTSQ&AGLArticle 37 - Deduction of intangible assetsQ&AArticle 38 - Deduction of deferred tax assets that rely on future profitabilityQ&AArticle 39 - Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitabilityQ&AArticle 40 - Deduction of negative amounts resulting from the calculation of expected loss amountsQ&AArticle 41 - Deduction of defined benefit pension fund assetsITS/RTSQ&AArticle 42 - Deduction of holdings of own Common Equity Tier 1 instrumentsQ&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 entitiesQ&AArticle 46 - Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entityQ&AArticle 47 - Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entityArticle 47a - Non-performing exposuresQ&AGLArticle 47b - Forbearance measuresQ&AGLArticle 47c - Deduction for non-performing exposuresQ&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 itemsQ&AArticle 49 - Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are appliedITS/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 itemsITS/RTSQ&AArticle 27 - Capital instruments of mutuals, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 itemsITS/RTSArticle 28 - Common Equity Tier 1 instrumentsITS/RTSQ&AArticle 29 - Capital instruments issued by mutuals, cooperative societies, savings institutions and similar institutionsITS/RTSQ&AArticle 30 - Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be metQ&AArticle 31 - Capital instruments subscribed by public authorities in emergency situations
Section 2 - Prudential filters (Article 32-35)Article 32 - Securitised assetsITS/RTSQ&AArticle 33 - Cash flow hedges and changes in the value of own liabilitiesITS/RTSQ&AArticle 34 - Additional value adjustmentsQ&AArticle 35 - Unrealised gains and losses measured at fair valueQ&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 itemsITS/RTSQ&AGLArticle 37 - Deduction of intangible assetsQ&AArticle 38 - Deduction of deferred tax assets that rely on future profitabilityQ&AArticle 39 - Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitabilityQ&AArticle 40 - Deduction of negative amounts resulting from the calculation of expected loss amountsQ&AArticle 41 - Deduction of defined benefit pension fund assetsITS/RTSQ&AArticle 42 - Deduction of holdings of own Common Equity Tier 1 instrumentsQ&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 entitiesQ&AArticle 46 - Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entityQ&AArticle 47 - Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entityArticle 47a - Non-performing exposuresQ&AGLArticle 47b - Forbearance measuresQ&AGLArticle 47c - Deduction for non-performing exposuresQ&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 itemsQ&AArticle 49 - Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are appliedITS/RTSQ&AGL
Sub-Section 1 - Deductions from Common Equity Tier 1 items (Article 36-47c)Article 36 - Deductions from Common Equity Tier 1 itemsITS/RTSQ&AGLArticle 37 - Deduction of intangible assetsQ&AArticle 38 - Deduction of deferred tax assets that rely on future profitabilityQ&AArticle 39 - Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitabilityQ&AArticle 40 - Deduction of negative amounts resulting from the calculation of expected loss amountsQ&AArticle 41 - Deduction of defined benefit pension fund assetsITS/RTSQ&AArticle 42 - Deduction of holdings of own Common Equity Tier 1 instrumentsQ&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 entitiesQ&AArticle 46 - Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entityQ&AArticle 47 - Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entityArticle 47a - Non-performing exposuresQ&AGLArticle 47b - Forbearance measuresQ&AGLArticle 47c - Deduction for non-performing exposuresQ&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 itemsQ&AArticle 49 - Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are appliedITS/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 itemsQ&AArticle 52 - Additional Tier 1 instrumentsITS/RTSQ&AArticle 53 - Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institutionArticle 54 - Write down or conversion of Additional Tier 1 instrumentsQ&AArticle 55 - Consequences of the conditions for Additional Tier 1 instruments ceasing to be metQ&ASection 2 - Deductions from Additional Tier 1 items (Article 56-60)Article 56 - Deductions from Additional Tier 1 itemsQ&AArticle 57 - Deductions of holdings of own Additional Tier 1 instrumentsQ&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 entitiesQ&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 itemsQ&AArticle 52 - Additional Tier 1 instrumentsITS/RTSQ&AArticle 53 - Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institutionArticle 54 - Write down or conversion of Additional Tier 1 instrumentsQ&AArticle 55 - Consequences of the conditions for Additional Tier 1 instruments ceasing to be metQ&A
Section 2 - Deductions from Additional Tier 1 items (Article 56-60)Article 56 - Deductions from Additional Tier 1 itemsQ&AArticle 57 - Deductions of holdings of own Additional Tier 1 instrumentsQ&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 entitiesQ&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 itemsQ&AArticle 63 - Tier 2 instrumentsQ&AArticle 64 - Amortisation of Tier 2 instrumentsQ&AArticle 65 - Consequences of the conditions for Tier 2 instruments ceasing to be metSection 2 - Deductions from Tier 2 items (Article 66-70)Article 66 - Deductions from Tier 2 itemsQ&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 entitiesQ&AArticle 70 - Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entitySection 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 itemsQ&AArticle 63 - Tier 2 instrumentsQ&AArticle 64 - Amortisation of Tier 2 instrumentsQ&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 itemsQ&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 entitiesQ&AArticle 70 - Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entity
CHAPTER 5a - Eligible liabilities (Article 72a-72l)Section 1 - Eligible liabilities items and instruments (Article 72a-72d)Article 72a - Eligible liabilities itemsQ&AArticle 72b - Eligible liabilities instrumentsQ&AArticle 72c - Amortisation of eligible liabilities instrumentsQ&AArticle 72d - Consequences of the eligibility conditions ceasing to be metSection 2 - Deductions from eligible liabilities items (Article 72e-72j)Article 72e - Deductions from eligible liabilities itemsQ&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
Section 1 - Eligible liabilities items and instruments (Article 72a-72d)Article 72a - Eligible liabilities itemsQ&AArticle 72b - Eligible liabilities instrumentsQ&AArticle 72c - Amortisation of eligible liabilities instrumentsQ&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 itemsQ&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
CHAPTER 6 - General requirements for own funds and eligible liabilities (Article 73-80)Article 73 - Distributions on instrumentsITS/RTSArticle 74 - Holdings of capital instruments issued by regulated financial sector entities that do not qualify as regulatory capitalQ&AArticle 75 - Deduction and maturity requirements for short positionsArticle 76 - Index holdings of capital instruments and of liabilitiesITS/RTSArticle 77 - Conditions for reducing own funds and eligible liabilitiesQ&AArticle 78 - Supervisory permission to reduce own fundsITS/RTSQ&AArticle 78a - Permission to reduce eligible liabilities instrumentsArticle 79 - Temporary waiver from deduction from own funds and eligible liabilitiesITS/RTSQ&AArticle 79a - Assessment of compliance with the conditions for own funds and eligible liabilities instrumentsArticle 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 capitalQ&AArticle 82 - Qualifying Additional Tier 1, Tier 1, Tier 2 capital and qualifying own fundsQ&AArticle 83 - Qualifying Additional Tier 1 and Tier 2 capital issued by a special purpose entityITS/RTSArticle 84 - Minority interests included in consolidated Common Equity Tier 1 capitalITS/RTSQ&AArticle 85 - Qualifying Tier 1 instruments included in consolidated Tier 1 capitalQ&AArticle 86 - Qualifying Tier 1 capital included in consolidated Additional Tier 1 capitalQ&AArticle 87 - Qualifying own funds included in consolidated own fundsQ&AArticle 88 - Qualifying own funds instruments included in consolidated Tier 2 capitalArticle 88a - Qualifying eligible liabilities instruments
TITLE III - QUALIFYING HOLDINGS OUTSIDE THE FINANCIAL SECTOR (Article 89-91)Article 89 - Risk weighting and prohibition of qualifying holdings outside the financial sectorQ&AArticle 90 - Alternative to 1250 % risk weightQ&AArticle 91 - Exceptions
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 requirementsQ&AArticle 92a - Requirements for own funds and eligible liabilities for G-SIIsQ&AArticle 92b - Requirement for own funds and eligible liabilities for non-EU G-SIIsArticle 93 - Initial capital requirement on going concernArticle 94 - Derogation for small trading book businessQ&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 servicesQ&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 OverheadsITS/RTSArticle 98 - Own funds for investment firms on a consolidated basisQ&ACHAPTER 2 - Calculation and reporting requirements (Article 99-101)Article 99 - Reporting on own funds requirements and financial information [repealed]ITS/RTSQ&AArticle 100 - Additional reporting requirements [repealed]Q&AArticle 101 - Specific reporting obligations [repealed]ITS/RTSQ&ACHAPTER 3 - Trading book (Article 102-106)Article 102 - Requirements for the trading bookArticle 103 - Management of the trading bookArticle 104 - Inclusion in the trading bookQ&AArticle 104b - Requirements for trading deskQ&AArticle 105 - Requirements for prudent valuationITS/RTSQ&AArticle 106 - Internal HedgesQ&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 requirementsQ&AArticle 92a - Requirements for own funds and eligible liabilities for G-SIIsQ&AArticle 92b - Requirement for own funds and eligible liabilities for non-EU G-SIIsArticle 93 - Initial capital requirement on going concernArticle 94 - Derogation for small trading book businessQ&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 servicesQ&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 OverheadsITS/RTSArticle 98 - Own funds for investment firms on a consolidated basisQ&A
Section 1 - Own funds requirements for institutions (Article 92-94)Article 92 - Own funds requirementsQ&AArticle 92a - Requirements for own funds and eligible liabilities for G-SIIsQ&AArticle 92b - Requirement for own funds and eligible liabilities for non-EU G-SIIsArticle 93 - Initial capital requirement on going concernArticle 94 - Derogation for small trading book businessQ&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 servicesQ&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 OverheadsITS/RTSArticle 98 - Own funds for investment firms on a consolidated basisQ&A
CHAPTER 2 - Calculation and reporting requirements (Article 99-101)Article 99 - Reporting on own funds requirements and financial information [repealed]ITS/RTSQ&AArticle 100 - Additional reporting requirements [repealed]Q&AArticle 101 - Specific reporting obligations [repealed]ITS/RTSQ&A
CHAPTER 3 - Trading book (Article 102-106)Article 102 - Requirements for the trading bookArticle 103 - Management of the trading bookArticle 104 - Inclusion in the trading bookQ&AArticle 104b - Requirements for trading deskQ&AArticle 105 - Requirements for prudent valuationITS/RTSQ&AArticle 106 - Internal HedgesQ&A
TITLE II - CAPITAL REQUIREMENTS FOR CREDIT RISK (Article 107-311)CHAPTER 1 - General principles (Article 107-110)Article 107 - Approaches to credit riskITS/RTSQ&AArticle 108 - Use of credit risk mitigation technique under the Standardised Approach and the IRB ApproachQ&AGLArticle 109 - Treatment of securitisation positionsArticle 110 - Treatment of credit risk adjustmentITS/RTSQ&ACHAPTER 2 - Standardised approach (Article 111-141)Section 1 - General principles (Article 111-113)Article 111 - Exposure valueQ&AArticle 112 - Exposure classesQ&AArticle 113 - Calculation of risk-weighted exposure amountsQ&AGLSection 2 - Risk weights (Article 114-134)Article 114 - Exposures to central governments or central banksITS/RTSQ&AArticle 115 - Exposures to regional governments or local authoritiesITS/RTSQ&AArticle 116 - Exposures to public sector entitiesITS/RTSQ&AArticle 117 - Exposures to multilateral development banksQ&AArticle 118 - Exposures to international organisationsQ&AArticle 119 - Exposures to institutionsQ&AArticle 120 - Exposures to rated institutionsQ&AArticle 121 - Exposures to unrated institutionsQ&AArticle 122 - Exposures to corporatesQ&AArticle 123 - Retail exposuresQ&AArticle 124 - Exposures secured by mortgages on immovable propertyITS/RTSQ&AArticle 125 - Exposures fully and completely secured by mortgages on residential propertyQ&AArticle 126 - Exposures fully and completely secured by mortgages on commercial immovable propertyQ&AArticle 127 - Exposures in defaultQ&AArticle 128 - Items associated with particular high riskQ&AGLArticle 129 - Exposures in the form of covered bondsQ&AArticle 130 - Items representing securitisation positionsArticle 131 - Exposures to institutions and corporates with a short-term credit assessmentQ&AArticle 132 - Own funds requirements for exposures in the form of units or shares in CIUsQ&AArticle 132a - Approaches for calculating risk-weighted exposure amounts of CIUsQ&AArticle 132b - Exclusions from the approaches for calculating risk-weighted exposure amounts of CIUsArticle 132c - Treatment of off-balance-sheet exposures to CIUsQ&AArticle 133 - Equity exposuresQ&AArticle 134 - Other itemsQ&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 assessmentsITS/RTSQ&ASub-Section 3 - Use of credit assessments by Export Credit Agencies (Article 137)Article 137 - Use of credit assessments by export credit agenciesQ&ASection 4 - Use of the ECAI credit assessments for the determination of risk weights (Article 138-141)Article 138 - General requirementsQ&AArticle 139 - Issuer and issue credit assessmentQ&AArticle 140 - Long-term and short-term credit assessmentsQ&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 - DefinitionsITS/RTSQ&AArticle 143 - Permission to use the IRB ApproachITS/RTSQ&AArticle 144 - Competent authorities' assessment of an application to use an IRB ApproachITS/RTSArticle 145 - Prior experience of using IRB approachesArticle 146 - Measures to be taken where the requirements of this Chapter cease to be metArticle 147 - Methodology to assign exposures to exposure classesQ&AArticle 148 - Conditions for implementing the IRB Approach across different classes of exposure and business unitsQ&AArticle 149 - Conditions to revert to the use of less sophisticated approachesArticle 150 - Conditions for permanent partial useQ&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 classQ&AArticle 152 - Treatment of exposures in the form of units or shares in CIUsQ&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 banksITS/RTSQ&AArticle 154 - Risk-weighted exposure amounts for retail exposuresQ&AArticle 155 - Risk-weighted exposure amounts for equity exposuresQ&AArticle 156 - Risk-weighted exposure amounts for other non credit-obligation assetsSub-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 typeQ&AArticle 159 - Treatment of expected loss amountsQ&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&AArticle 161 - Loss Given Default (LGD)Q&AArticle 162 - MaturityQ&ASub-Section 2 - Retail exposures (Article 163-164)Article 163 - Probability of default (PD)Q&AArticle 164 - Loss Given Default (LGD)ITS/RTSQ&ASub-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 exposuresQ&AArticle 167 - Equity exposuresArticle 168 - Other non credit-obligation assetsSection 6 - Requirements for the IRB approach (Article 169-191)Sub-Section 1 - Rating systems (Article 169-177)Article 169 - General principlesQ&AGLArticle 170 - Structure of rating systemsGLArticle 171 - Assignment to grades or poolsQ&AGLArticle 172 - Assignment of exposuresQ&AGLArticle 173 - Integrity of assignment processITS/RTSGLArticle 174 - Use of modelsGLArticle 175 - Documentation of rating systemsQ&AGLArticle 176 - Data maintenanceGLArticle 177 - Stress tests used in assessment of capital adequacyGLSub-Section 2 - Risk quantification (Article 178-184)Article 178 - Default of an obligorITS/RTSQ&AGLArticle 179 - Overall requirements for estimationQ&AGLArticle 180 - Requirements specific to PD estimationITS/RTSQ&AGLArticle 181 - Requirements specific to own-LGD estimatesITS/RTSQ&AGLArticle 182 - Requirements specific to own-conversion factor estimatesITS/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 exposuresQ&AGLArticle 184 - Requirements for purchased receivablesGLSub-Section 3 - Validation of internal estimates (Article 185)Article 185 - Validation of internal estimatesGLSub-Section 4 - Requirements for equity exposures under the internal models approach (Article 186-188)Article 186 - Own funds requirement and risk quantificationGLArticle 187 - Risk management process and controlsGLArticle 188 - Validation and documentationGLSub-Section 5 - Internal governance and oversight (Article 189-191)Article 189 - Corporate GovernanceGLArticle 190 - Credit risk controlGLArticle 191 - Internal AuditGLCHAPTER 4 - Credit risk mitigation (Article 192-241)Section 1 - Definitions and general requirements (Article 192-194)Article 192 - DefinitionsQ&AArticle 193 - Principles for recognising the effect of credit risk mitigation techniquesQ&AArticle 194 - Principles governing the eligibility of credit risk mitigation techniquesQ&ASection 2 - Eligible forms of credit risk mitigation (Article 195-204)Sub-Section 1 - Funded credit protection (Article 195-200)Article 195 - On-balance sheet nettingQ&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 methodsITS/RTSQ&AArticle 198 - Additional eligibility of collateral under the Financial Collateral Comprehensive MethodQ&AArticle 199 - Additional eligibility for collateral under the IRB ApproachQ&AArticle 200 - Other funded credit protectionSub-Section 2 - Unfunded credit protection (Article 201-203)Article 201 - Eligibility of protection providers under all approachesQ&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 protectionQ&ASub-Section 3 - Types of derivatives (Article 204)Article 204 - Eligible types of credit derivativesQ&ASection 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 collateralQ&AArticle 208 - Requirements for immovable property collateralQ&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 protectionQ&ASub-Section 2 - Unfunded credit protection and credit linked notes (Article 213-217)Article 213 - Requirements common to guarantees and credit derivativesQ&AArticle 214 - Sovereign and other public sector counter-guaranteesArticle 215 - Additional requirements for guaranteesQ&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 nettingQ&AArticle 220 - Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreementsQ&AArticle 221 - Using the internal models approach for master netting agreementsArticle 222 - Financial Collateral Simple MethodArticle 223 - Financial Collateral Comprehensive MethodQ&AArticle 224 - Supervisory volatility adjustment under the Financial Collateral Comprehensive MethodQ&AArticle 225 - Own estimates of volatility adjustments under the Financial Collateral Comprehensive MethodArticle 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 MethodQ&AArticle 228 - Calculating risk-weighted exposure amounts and expected loss amounts under the Financial Collateral Comprehensive methodQ&AArticle 229 - Valuation principles for other eligible collateral under the IRB ApproachQ&AArticle 230 - Calculating risk-weighted exposure amounts and expected loss amounts for other eligible collateral under the IRB ApproachQ&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 ApproachQ&AArticle 236 - Calculating risk-weighted exposure amounts and expected loss amounts under the IRB ApproachSection 5 - Maturity mismatches (Article 237-239)Article 237 - Maturity mismatchArticle 238 - Maturity of credit protectionArticle 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 - DefinitionsQ&AArticle 243 - Criteria for STS securitisations qualifying for differentiated capital treatmentGLSection 2 - Recognition of significant risk transfer (Article 244-246)Article 244 - Traditional securitisationQ&AGLArticle 245 - Synthetic securitisationQ&AGLArticle 246 - Operational requirements for early amortisation provisionsQ&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 amountsQ&AArticle 248 - Exposure valueGLArticle 249 - Recognition of credit risk mitigation for securitisation positionsQ&AArticle 250 - Implicit supportQ&AGLArticle 251 - Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisationQ&AArticle 252 - Treatment of maturity mismatches in synthetic securitisationsQ&AArticle 253 - Reduction in risk-weighted exposure amountsQ&ASubsection 2 - Hierarchy of methods and common parameters (Article 254-257)Article 254 - Hierarchy of methodsQ&AArticle 255 - Determination of KIRB and KSAQ&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-IRBAQ&AArticle 260 - Treatment of STS securitisations under the SEC-IRBAArticle 261 - Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA)Q&AArticle 262 - Treatment of STS securitisations under the SEC-SAQ&AArticle 263 - Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA)Article 264 - Treatment of STS securitisations under the SEC-ERBAQ&AArticle 265 - Scope and operational requirements for the Internal Assessment ApproachArticle 266 - Calculation of risk-weighted exposure amounts under the Internal Assessment ApproachQ&ASubsection 4 - Caps for securitisation positions (Article 267-268)Article 267 - Maximum risk weight for senior securitisation positions: look-through approachQ&AArticle 268 - Maximum capital requirementsQ&ASubsection 5 - Miscellaneous provisions (Article 269-270a)Article 269 - Re-securitisationsArticle 269a - Treatment of non-performing exposures (NPE) securitisationsArticle 270 - Senior positions in STS on-balance sheet securitisationsITS/RTSArticle 270a - Additional risk weightQ&ASection 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 mappingITS/RTSCHAPTER 6 - Counterparty credit risk (Article 271-311)Section 1 - Definitions (Article 271-272)Article 271 - Determination of the exposure valueQ&AArticle 272 - DefinitionsQ&ASection 2 - Methods for calculating the exposure value (Article 273-273b)Article 273 - Methods for calculating the exposure valueQ&AArticle 273a - Conditions for using simplified methods for calculating the exposure valueQ&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 valueQ&AArticle 275 - Replacement costQ&AArticle 276 - Recognition and treatment of collateralArticle 277 - Mapping of transactions to risk categoriesITS/RTSArticle 277a - Hedging setsArticle 278 - Potential future exposureArticle 279 - Calculation of the risk positionArticle 279a - Supervisory deltaITS/RTSQ&AArticle 279b - Adjusted notional amountQ&AArticle 279c - Maturity FactorQ&AArticle 280 - Hedging set supervisory factor coefficientArticle 280a - Interest rate risk category add-onQ&AArticle 280b - Foreign exchange risk category add-onArticle 280c - Credit risk category add-onArticle 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 valueSection 6 - Internal Model Method (Article 283-294)Article 283 - Permission to use the Internal Model MethodArticle 284 - Exposure valueQ&AArticle 285 - Exposure value for netting sets subject to a margin agreementQ&AArticle 286 - Management of CCR — Policies, processes and systemsArticle 287 - Organisation structures for CCR managementArticle 288 - Review of CCR management systemArticle 289 - Use testArticle 290 - Stress testingGLArticle 291 - Wrong-Way RiskQ&AArticle 292 - Integrity of the modelling processArticle 293 - Requirements for the risk management systemArticle 294 - Validation requirementsSection 7 - Contractual netting (Article 295-298)Article 295 - Recognition of contractual netting as risk-reducingQ&AArticle 296 - Recognition of contractual netting agreementsQ&AArticle 297 - Obligations of institutionsArticle 298 - Effects of recognition of netting as risk-reducingQ&ASection 8 - Items in the trading book (Article 299)Article 299 - Items in the trading bookQ&ASection 9 - Own funds requirements for exposures to a central counterparty (Article 300-311)Article 300 - DefinitionsArticle 301 - Material scopeArticle 302 - Monitoring of exposures to CCPsQ&AArticle 303 - Treatment of clearing members' exposures to CCPsArticle 304 - Treatment of clearing members' exposures to clientsITS/RTSQ&AArticle 305 - Treatment of clients' exposuresQ&AArticle 306 - Own funds requirements for trade exposuresQ&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 CCPQ&AArticle 310 - Own funds requirements for unfunded contributions to the default fund of a QCCPQ&AArticle 311 - Own funds requirements for exposures to CCPs that cease to meet certain conditionsQ&A
CHAPTER 1 - General principles (Article 107-110)Article 107 - Approaches to credit riskITS/RTSQ&AArticle 108 - Use of credit risk mitigation technique under the Standardised Approach and the IRB ApproachQ&AGLArticle 109 - Treatment of securitisation positionsArticle 110 - Treatment of credit risk adjustmentITS/RTSQ&A
CHAPTER 2 - Standardised approach (Article 111-141)Section 1 - General principles (Article 111-113)Article 111 - Exposure valueQ&AArticle 112 - Exposure classesQ&AArticle 113 - Calculation of risk-weighted exposure amountsQ&AGLSection 2 - Risk weights (Article 114-134)Article 114 - Exposures to central governments or central banksITS/RTSQ&AArticle 115 - Exposures to regional governments or local authoritiesITS/RTSQ&AArticle 116 - Exposures to public sector entitiesITS/RTSQ&AArticle 117 - Exposures to multilateral development banksQ&AArticle 118 - Exposures to international organisationsQ&AArticle 119 - Exposures to institutionsQ&AArticle 120 - Exposures to rated institutionsQ&AArticle 121 - Exposures to unrated institutionsQ&AArticle 122 - Exposures to corporatesQ&AArticle 123 - Retail exposuresQ&AArticle 124 - Exposures secured by mortgages on immovable propertyITS/RTSQ&AArticle 125 - Exposures fully and completely secured by mortgages on residential propertyQ&AArticle 126 - Exposures fully and completely secured by mortgages on commercial immovable propertyQ&AArticle 127 - Exposures in defaultQ&AArticle 128 - Items associated with particular high riskQ&AGLArticle 129 - Exposures in the form of covered bondsQ&AArticle 130 - Items representing securitisation positionsArticle 131 - Exposures to institutions and corporates with a short-term credit assessmentQ&AArticle 132 - Own funds requirements for exposures in the form of units or shares in CIUsQ&AArticle 132a - Approaches for calculating risk-weighted exposure amounts of CIUsQ&AArticle 132b - Exclusions from the approaches for calculating risk-weighted exposure amounts of CIUsArticle 132c - Treatment of off-balance-sheet exposures to CIUsQ&AArticle 133 - Equity exposuresQ&AArticle 134 - Other itemsQ&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 assessmentsITS/RTSQ&ASub-Section 3 - Use of credit assessments by Export Credit Agencies (Article 137)Article 137 - Use of credit assessments by export credit agenciesQ&ASection 4 - Use of the ECAI credit assessments for the determination of risk weights (Article 138-141)Article 138 - General requirementsQ&AArticle 139 - Issuer and issue credit assessmentQ&AArticle 140 - Long-term and short-term credit assessmentsQ&AArticle 141 - Domestic and foreign currency items
Section 1 - General principles (Article 111-113)Article 111 - Exposure valueQ&AArticle 112 - Exposure classesQ&AArticle 113 - Calculation of risk-weighted exposure amountsQ&AGL
Section 2 - Risk weights (Article 114-134)Article 114 - Exposures to central governments or central banksITS/RTSQ&AArticle 115 - Exposures to regional governments or local authoritiesITS/RTSQ&AArticle 116 - Exposures to public sector entitiesITS/RTSQ&AArticle 117 - Exposures to multilateral development banksQ&AArticle 118 - Exposures to international organisationsQ&AArticle 119 - Exposures to institutionsQ&AArticle 120 - Exposures to rated institutionsQ&AArticle 121 - Exposures to unrated institutionsQ&AArticle 122 - Exposures to corporatesQ&AArticle 123 - Retail exposuresQ&AArticle 124 - Exposures secured by mortgages on immovable propertyITS/RTSQ&AArticle 125 - Exposures fully and completely secured by mortgages on residential propertyQ&AArticle 126 - Exposures fully and completely secured by mortgages on commercial immovable propertyQ&AArticle 127 - Exposures in defaultQ&AArticle 128 - Items associated with particular high riskQ&AGLArticle 129 - Exposures in the form of covered bondsQ&AArticle 130 - Items representing securitisation positionsArticle 131 - Exposures to institutions and corporates with a short-term credit assessmentQ&AArticle 132 - Own funds requirements for exposures in the form of units or shares in CIUsQ&AArticle 132a - Approaches for calculating risk-weighted exposure amounts of CIUsQ&AArticle 132b - Exclusions from the approaches for calculating risk-weighted exposure amounts of CIUsArticle 132c - Treatment of off-balance-sheet exposures to CIUsQ&AArticle 133 - Equity exposuresQ&AArticle 134 - Other itemsQ&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 assessmentsITS/RTSQ&ASub-Section 3 - Use of credit assessments by Export Credit Agencies (Article 137)Article 137 - Use of credit assessments by export credit agenciesQ&A
Sub-Section 2 - Mapping of ECAI's credit assessments (Article 136)Article 136 - Mapping of ECAI's credit assessmentsITS/RTSQ&A
Sub-Section 3 - Use of credit assessments by Export Credit Agencies (Article 137)Article 137 - Use of credit assessments by export credit agenciesQ&A
Section 4 - Use of the ECAI credit assessments for the determination of risk weights (Article 138-141)Article 138 - General requirementsQ&AArticle 139 - Issuer and issue credit assessmentQ&AArticle 140 - Long-term and short-term credit assessmentsQ&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 - DefinitionsITS/RTSQ&AArticle 143 - Permission to use the IRB ApproachITS/RTSQ&AArticle 144 - Competent authorities' assessment of an application to use an IRB ApproachITS/RTSArticle 145 - Prior experience of using IRB approachesArticle 146 - Measures to be taken where the requirements of this Chapter cease to be metArticle 147 - Methodology to assign exposures to exposure classesQ&AArticle 148 - Conditions for implementing the IRB Approach across different classes of exposure and business unitsQ&AArticle 149 - Conditions to revert to the use of less sophisticated approachesArticle 150 - Conditions for permanent partial useQ&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 classQ&AArticle 152 - Treatment of exposures in the form of units or shares in CIUsQ&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 banksITS/RTSQ&AArticle 154 - Risk-weighted exposure amounts for retail exposuresQ&AArticle 155 - Risk-weighted exposure amounts for equity exposuresQ&AArticle 156 - Risk-weighted exposure amounts for other non credit-obligation assetsSub-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 typeQ&AArticle 159 - Treatment of expected loss amountsQ&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&AArticle 161 - Loss Given Default (LGD)Q&AArticle 162 - MaturityQ&ASub-Section 2 - Retail exposures (Article 163-164)Article 163 - Probability of default (PD)Q&AArticle 164 - Loss Given Default (LGD)ITS/RTSQ&ASub-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 exposuresQ&AArticle 167 - Equity exposuresArticle 168 - Other non credit-obligation assetsSection 6 - Requirements for the IRB approach (Article 169-191)Sub-Section 1 - Rating systems (Article 169-177)Article 169 - General principlesQ&AGLArticle 170 - Structure of rating systemsGLArticle 171 - Assignment to grades or poolsQ&AGLArticle 172 - Assignment of exposuresQ&AGLArticle 173 - Integrity of assignment processITS/RTSGLArticle 174 - Use of modelsGLArticle 175 - Documentation of rating systemsQ&AGLArticle 176 - Data maintenanceGLArticle 177 - Stress tests used in assessment of capital adequacyGLSub-Section 2 - Risk quantification (Article 178-184)Article 178 - Default of an obligorITS/RTSQ&AGLArticle 179 - Overall requirements for estimationQ&AGLArticle 180 - Requirements specific to PD estimationITS/RTSQ&AGLArticle 181 - Requirements specific to own-LGD estimatesITS/RTSQ&AGLArticle 182 - Requirements specific to own-conversion factor estimatesITS/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 exposuresQ&AGLArticle 184 - Requirements for purchased receivablesGLSub-Section 3 - Validation of internal estimates (Article 185)Article 185 - Validation of internal estimatesGLSub-Section 4 - Requirements for equity exposures under the internal models approach (Article 186-188)Article 186 - Own funds requirement and risk quantificationGLArticle 187 - Risk management process and controlsGLArticle 188 - Validation and documentationGLSub-Section 5 - Internal governance and oversight (Article 189-191)Article 189 - Corporate GovernanceGLArticle 190 - Credit risk controlGLArticle 191 - Internal AuditGL
Section 1 - Permission by competent authorities to use the IRB approach (Article 142-150)Article 142 - DefinitionsITS/RTSQ&AArticle 143 - Permission to use the IRB ApproachITS/RTSQ&AArticle 144 - Competent authorities' assessment of an application to use an IRB ApproachITS/RTSArticle 145 - Prior experience of using IRB approachesArticle 146 - Measures to be taken where the requirements of this Chapter cease to be metArticle 147 - Methodology to assign exposures to exposure classesQ&AArticle 148 - Conditions for implementing the IRB Approach across different classes of exposure and business unitsQ&AArticle 149 - Conditions to revert to the use of less sophisticated approachesArticle 150 - Conditions for permanent partial useQ&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 classQ&AArticle 152 - Treatment of exposures in the form of units or shares in CIUsQ&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 banksITS/RTSQ&AArticle 154 - Risk-weighted exposure amounts for retail exposuresQ&AArticle 155 - Risk-weighted exposure amounts for equity exposuresQ&AArticle 156 - Risk-weighted exposure amounts for other non credit-obligation assetsSub-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 classQ&AArticle 152 - Treatment of exposures in the form of units or shares in CIUsQ&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 banksITS/RTSQ&AArticle 154 - Risk-weighted exposure amounts for retail exposuresQ&AArticle 155 - Risk-weighted exposure amounts for equity exposuresQ&AArticle 156 - Risk-weighted exposure amounts for other non credit-obligation assets
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 typeQ&AArticle 159 - Treatment of expected loss amountsQ&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&AArticle 161 - Loss Given Default (LGD)Q&AArticle 162 - MaturityQ&ASub-Section 2 - Retail exposures (Article 163-164)Article 163 - Probability of default (PD)Q&AArticle 164 - Loss Given Default (LGD)ITS/RTSQ&ASub-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&AArticle 161 - Loss Given Default (LGD)Q&AArticle 162 - MaturityQ&A
Sub-Section 2 - Retail exposures (Article 163-164)Article 163 - Probability of default (PD)Q&AArticle 164 - Loss Given Default (LGD)ITS/RTSQ&A
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 exposuresQ&AArticle 167 - Equity exposuresArticle 168 - Other non credit-obligation assets
Section 6 - Requirements for the IRB approach (Article 169-191)Sub-Section 1 - Rating systems (Article 169-177)Article 169 - General principlesQ&AGLArticle 170 - Structure of rating systemsGLArticle 171 - Assignment to grades or poolsQ&AGLArticle 172 - Assignment of exposuresQ&AGLArticle 173 - Integrity of assignment processITS/RTSGLArticle 174 - Use of modelsGLArticle 175 - Documentation of rating systemsQ&AGLArticle 176 - Data maintenanceGLArticle 177 - Stress tests used in assessment of capital adequacyGLSub-Section 2 - Risk quantification (Article 178-184)Article 178 - Default of an obligorITS/RTSQ&AGLArticle 179 - Overall requirements for estimationQ&AGLArticle 180 - Requirements specific to PD estimationITS/RTSQ&AGLArticle 181 - Requirements specific to own-LGD estimatesITS/RTSQ&AGLArticle 182 - Requirements specific to own-conversion factor estimatesITS/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 exposuresQ&AGLArticle 184 - Requirements for purchased receivablesGLSub-Section 3 - Validation of internal estimates (Article 185)Article 185 - Validation of internal estimatesGLSub-Section 4 - Requirements for equity exposures under the internal models approach (Article 186-188)Article 186 - Own funds requirement and risk quantificationGLArticle 187 - Risk management process and controlsGLArticle 188 - Validation and documentationGLSub-Section 5 - Internal governance and oversight (Article 189-191)Article 189 - Corporate GovernanceGLArticle 190 - Credit risk controlGLArticle 191 - Internal AuditGL
Sub-Section 1 - Rating systems (Article 169-177)Article 169 - General principlesQ&AGLArticle 170 - Structure of rating systemsGLArticle 171 - Assignment to grades or poolsQ&AGLArticle 172 - Assignment of exposuresQ&AGLArticle 173 - Integrity of assignment processITS/RTSGLArticle 174 - Use of modelsGLArticle 175 - Documentation of rating systemsQ&AGLArticle 176 - Data maintenanceGLArticle 177 - Stress tests used in assessment of capital adequacyGL
Sub-Section 2 - Risk quantification (Article 178-184)Article 178 - Default of an obligorITS/RTSQ&AGLArticle 179 - Overall requirements for estimationQ&AGLArticle 180 - Requirements specific to PD estimationITS/RTSQ&AGLArticle 181 - Requirements specific to own-LGD estimatesITS/RTSQ&AGLArticle 182 - Requirements specific to own-conversion factor estimatesITS/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 exposuresQ&AGLArticle 184 - Requirements for purchased receivablesGL
Sub-Section 3 - Validation of internal estimates (Article 185)Article 185 - Validation of internal estimatesGL
Sub-Section 4 - Requirements for equity exposures under the internal models approach (Article 186-188)Article 186 - Own funds requirement and risk quantificationGLArticle 187 - Risk management process and controlsGLArticle 188 - Validation and documentationGL
Sub-Section 5 - Internal governance and oversight (Article 189-191)Article 189 - Corporate GovernanceGLArticle 190 - Credit risk controlGLArticle 191 - Internal AuditGL
CHAPTER 4 - Credit risk mitigation (Article 192-241)Section 1 - Definitions and general requirements (Article 192-194)Article 192 - DefinitionsQ&AArticle 193 - Principles for recognising the effect of credit risk mitigation techniquesQ&AArticle 194 - Principles governing the eligibility of credit risk mitigation techniquesQ&ASection 2 - Eligible forms of credit risk mitigation (Article 195-204)Sub-Section 1 - Funded credit protection (Article 195-200)Article 195 - On-balance sheet nettingQ&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 methodsITS/RTSQ&AArticle 198 - Additional eligibility of collateral under the Financial Collateral Comprehensive MethodQ&AArticle 199 - Additional eligibility for collateral under the IRB ApproachQ&AArticle 200 - Other funded credit protectionSub-Section 2 - Unfunded credit protection (Article 201-203)Article 201 - Eligibility of protection providers under all approachesQ&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 protectionQ&ASub-Section 3 - Types of derivatives (Article 204)Article 204 - Eligible types of credit derivativesQ&ASection 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 collateralQ&AArticle 208 - Requirements for immovable property collateralQ&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 protectionQ&ASub-Section 2 - Unfunded credit protection and credit linked notes (Article 213-217)Article 213 - Requirements common to guarantees and credit derivativesQ&AArticle 214 - Sovereign and other public sector counter-guaranteesArticle 215 - Additional requirements for guaranteesQ&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 nettingQ&AArticle 220 - Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreementsQ&AArticle 221 - Using the internal models approach for master netting agreementsArticle 222 - Financial Collateral Simple MethodArticle 223 - Financial Collateral Comprehensive MethodQ&AArticle 224 - Supervisory volatility adjustment under the Financial Collateral Comprehensive MethodQ&AArticle 225 - Own estimates of volatility adjustments under the Financial Collateral Comprehensive MethodArticle 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 MethodQ&AArticle 228 - Calculating risk-weighted exposure amounts and expected loss amounts under the Financial Collateral Comprehensive methodQ&AArticle 229 - Valuation principles for other eligible collateral under the IRB ApproachQ&AArticle 230 - Calculating risk-weighted exposure amounts and expected loss amounts for other eligible collateral under the IRB ApproachQ&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 ApproachQ&AArticle 236 - Calculating risk-weighted exposure amounts and expected loss amounts under the IRB ApproachSection 5 - Maturity mismatches (Article 237-239)Article 237 - Maturity mismatchArticle 238 - Maturity of credit protectionArticle 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 - DefinitionsQ&AArticle 193 - Principles for recognising the effect of credit risk mitigation techniquesQ&AArticle 194 - Principles governing the eligibility of credit risk mitigation techniquesQ&A
Section 2 - Eligible forms of credit risk mitigation (Article 195-204)Sub-Section 1 - Funded credit protection (Article 195-200)Article 195 - On-balance sheet nettingQ&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 methodsITS/RTSQ&AArticle 198 - Additional eligibility of collateral under the Financial Collateral Comprehensive MethodQ&AArticle 199 - Additional eligibility for collateral under the IRB ApproachQ&AArticle 200 - Other funded credit protectionSub-Section 2 - Unfunded credit protection (Article 201-203)Article 201 - Eligibility of protection providers under all approachesQ&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 protectionQ&ASub-Section 3 - Types of derivatives (Article 204)Article 204 - Eligible types of credit derivativesQ&A
Sub-Section 1 - Funded credit protection (Article 195-200)Article 195 - On-balance sheet nettingQ&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 methodsITS/RTSQ&AArticle 198 - Additional eligibility of collateral under the Financial Collateral Comprehensive MethodQ&AArticle 199 - Additional eligibility for collateral under the IRB ApproachQ&AArticle 200 - Other funded credit protection
Sub-Section 2 - Unfunded credit protection (Article 201-203)Article 201 - Eligibility of protection providers under all approachesQ&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 protectionQ&A
Sub-Section 3 - Types of derivatives (Article 204)Article 204 - Eligible types of credit derivativesQ&A
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 collateralQ&AArticle 208 - Requirements for immovable property collateralQ&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 protectionQ&ASub-Section 2 - Unfunded credit protection and credit linked notes (Article 213-217)Article 213 - Requirements common to guarantees and credit derivativesQ&AArticle 214 - Sovereign and other public sector counter-guaranteesArticle 215 - Additional requirements for guaranteesQ&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 collateralQ&AArticle 208 - Requirements for immovable property collateralQ&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 protectionQ&A
Sub-Section 2 - Unfunded credit protection and credit linked notes (Article 213-217)Article 213 - Requirements common to guarantees and credit derivativesQ&AArticle 214 - Sovereign and other public sector counter-guaranteesArticle 215 - Additional requirements for guaranteesQ&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 nettingQ&AArticle 220 - Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreementsQ&AArticle 221 - Using the internal models approach for master netting agreementsArticle 222 - Financial Collateral Simple MethodArticle 223 - Financial Collateral Comprehensive MethodQ&AArticle 224 - Supervisory volatility adjustment under the Financial Collateral Comprehensive MethodQ&AArticle 225 - Own estimates of volatility adjustments under the Financial Collateral Comprehensive MethodArticle 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 MethodQ&AArticle 228 - Calculating risk-weighted exposure amounts and expected loss amounts under the Financial Collateral Comprehensive methodQ&AArticle 229 - Valuation principles for other eligible collateral under the IRB ApproachQ&AArticle 230 - Calculating risk-weighted exposure amounts and expected loss amounts for other eligible collateral under the IRB ApproachQ&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 ApproachQ&AArticle 236 - Calculating risk-weighted exposure amounts and expected loss amounts under the IRB Approach
Sub-Section 1 - Funded credit protection (Article 218-232)Article 218 - Credit linked notesArticle 219 - On-balance sheet nettingQ&AArticle 220 - Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreementsQ&AArticle 221 - Using the internal models approach for master netting agreementsArticle 222 - Financial Collateral Simple MethodArticle 223 - Financial Collateral Comprehensive MethodQ&AArticle 224 - Supervisory volatility adjustment under the Financial Collateral Comprehensive MethodQ&AArticle 225 - Own estimates of volatility adjustments under the Financial Collateral Comprehensive MethodArticle 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 MethodQ&AArticle 228 - Calculating risk-weighted exposure amounts and expected loss amounts under the Financial Collateral Comprehensive methodQ&AArticle 229 - Valuation principles for other eligible collateral under the IRB ApproachQ&AArticle 230 - Calculating risk-weighted exposure amounts and expected loss amounts for other eligible collateral under the IRB ApproachQ&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 ApproachQ&AArticle 236 - Calculating risk-weighted exposure amounts and expected loss amounts under the IRB Approach
Section 5 - Maturity mismatches (Article 237-239)Article 237 - Maturity mismatchArticle 238 - Maturity of credit protectionArticle 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 - DefinitionsQ&AArticle 243 - Criteria for STS securitisations qualifying for differentiated capital treatmentGLSection 2 - Recognition of significant risk transfer (Article 244-246)Article 244 - Traditional securitisationQ&AGLArticle 245 - Synthetic securitisationQ&AGLArticle 246 - Operational requirements for early amortisation provisionsQ&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 amountsQ&AArticle 248 - Exposure valueGLArticle 249 - Recognition of credit risk mitigation for securitisation positionsQ&AArticle 250 - Implicit supportQ&AGLArticle 251 - Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisationQ&AArticle 252 - Treatment of maturity mismatches in synthetic securitisationsQ&AArticle 253 - Reduction in risk-weighted exposure amountsQ&ASubsection 2 - Hierarchy of methods and common parameters (Article 254-257)Article 254 - Hierarchy of methodsQ&AArticle 255 - Determination of KIRB and KSAQ&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-IRBAQ&AArticle 260 - Treatment of STS securitisations under the SEC-IRBAArticle 261 - Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA)Q&AArticle 262 - Treatment of STS securitisations under the SEC-SAQ&AArticle 263 - Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA)Article 264 - Treatment of STS securitisations under the SEC-ERBAQ&AArticle 265 - Scope and operational requirements for the Internal Assessment ApproachArticle 266 - Calculation of risk-weighted exposure amounts under the Internal Assessment ApproachQ&ASubsection 4 - Caps for securitisation positions (Article 267-268)Article 267 - Maximum risk weight for senior securitisation positions: look-through approachQ&AArticle 268 - Maximum capital requirementsQ&ASubsection 5 - Miscellaneous provisions (Article 269-270a)Article 269 - Re-securitisationsArticle 269a - Treatment of non-performing exposures (NPE) securitisationsArticle 270 - Senior positions in STS on-balance sheet securitisationsITS/RTSArticle 270a - Additional risk weightQ&ASection 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 mappingITS/RTS
Section 1 - Definitions and criteria for simple, transparent and standardised securitisations (Article 242-243)Article 242 - DefinitionsQ&AArticle 243 - Criteria for STS securitisations qualifying for differentiated capital treatmentGL
Section 2 - Recognition of significant risk transfer (Article 244-246)Article 244 - Traditional securitisationQ&AGLArticle 245 - Synthetic securitisationQ&AGLArticle 246 - Operational requirements for early amortisation provisionsQ&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 amountsQ&AArticle 248 - Exposure valueGLArticle 249 - Recognition of credit risk mitigation for securitisation positionsQ&AArticle 250 - Implicit supportQ&AGLArticle 251 - Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisationQ&AArticle 252 - Treatment of maturity mismatches in synthetic securitisationsQ&AArticle 253 - Reduction in risk-weighted exposure amountsQ&ASubsection 2 - Hierarchy of methods and common parameters (Article 254-257)Article 254 - Hierarchy of methodsQ&AArticle 255 - Determination of KIRB and KSAQ&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-IRBAQ&AArticle 260 - Treatment of STS securitisations under the SEC-IRBAArticle 261 - Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA)Q&AArticle 262 - Treatment of STS securitisations under the SEC-SAQ&AArticle 263 - Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA)Article 264 - Treatment of STS securitisations under the SEC-ERBAQ&AArticle 265 - Scope and operational requirements for the Internal Assessment ApproachArticle 266 - Calculation of risk-weighted exposure amounts under the Internal Assessment ApproachQ&ASubsection 4 - Caps for securitisation positions (Article 267-268)Article 267 - Maximum risk weight for senior securitisation positions: look-through approachQ&AArticle 268 - Maximum capital requirementsQ&ASubsection 5 - Miscellaneous provisions (Article 269-270a)Article 269 - Re-securitisationsArticle 269a - Treatment of non-performing exposures (NPE) securitisationsArticle 270 - Senior positions in STS on-balance sheet securitisationsITS/RTSArticle 270a - Additional risk weightQ&A
Subsection 1 - General Provisions (Article 247-253)Article 247 - Calculation of risk-weighted exposure amountsQ&AArticle 248 - Exposure valueGLArticle 249 - Recognition of credit risk mitigation for securitisation positionsQ&AArticle 250 - Implicit supportQ&AGLArticle 251 - Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisationQ&AArticle 252 - Treatment of maturity mismatches in synthetic securitisationsQ&AArticle 253 - Reduction in risk-weighted exposure amountsQ&A
Subsection 2 - Hierarchy of methods and common parameters (Article 254-257)Article 254 - Hierarchy of methodsQ&AArticle 255 - Determination of KIRB and KSAQ&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-IRBAQ&AArticle 260 - Treatment of STS securitisations under the SEC-IRBAArticle 261 - Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA)Q&AArticle 262 - Treatment of STS securitisations under the SEC-SAQ&AArticle 263 - Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA)Article 264 - Treatment of STS securitisations under the SEC-ERBAQ&AArticle 265 - Scope and operational requirements for the Internal Assessment ApproachArticle 266 - Calculation of risk-weighted exposure amounts under the Internal Assessment ApproachQ&A
Subsection 4 - Caps for securitisation positions (Article 267-268)Article 267 - Maximum risk weight for senior securitisation positions: look-through approachQ&AArticle 268 - Maximum capital requirementsQ&A
Subsection 5 - Miscellaneous provisions (Article 269-270a)Article 269 - Re-securitisationsArticle 269a - Treatment of non-performing exposures (NPE) securitisationsArticle 270 - Senior positions in STS on-balance sheet securitisationsITS/RTSArticle 270a - Additional risk weightQ&A
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 mappingITS/RTS
CHAPTER 6 - Counterparty credit risk (Article 271-311)Section 1 - Definitions (Article 271-272)Article 271 - Determination of the exposure valueQ&AArticle 272 - DefinitionsQ&ASection 2 - Methods for calculating the exposure value (Article 273-273b)Article 273 - Methods for calculating the exposure valueQ&AArticle 273a - Conditions for using simplified methods for calculating the exposure valueQ&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 valueQ&AArticle 275 - Replacement costQ&AArticle 276 - Recognition and treatment of collateralArticle 277 - Mapping of transactions to risk categoriesITS/RTSArticle 277a - Hedging setsArticle 278 - Potential future exposureArticle 279 - Calculation of the risk positionArticle 279a - Supervisory deltaITS/RTSQ&AArticle 279b - Adjusted notional amountQ&AArticle 279c - Maturity FactorQ&AArticle 280 - Hedging set supervisory factor coefficientArticle 280a - Interest rate risk category add-onQ&AArticle 280b - Foreign exchange risk category add-onArticle 280c - Credit risk category add-onArticle 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 valueSection 6 - Internal Model Method (Article 283-294)Article 283 - Permission to use the Internal Model MethodArticle 284 - Exposure valueQ&AArticle 285 - Exposure value for netting sets subject to a margin agreementQ&AArticle 286 - Management of CCR — Policies, processes and systemsArticle 287 - Organisation structures for CCR managementArticle 288 - Review of CCR management systemArticle 289 - Use testArticle 290 - Stress testingGLArticle 291 - Wrong-Way RiskQ&AArticle 292 - Integrity of the modelling processArticle 293 - Requirements for the risk management systemArticle 294 - Validation requirementsSection 7 - Contractual netting (Article 295-298)Article 295 - Recognition of contractual netting as risk-reducingQ&AArticle 296 - Recognition of contractual netting agreementsQ&AArticle 297 - Obligations of institutionsArticle 298 - Effects of recognition of netting as risk-reducingQ&ASection 8 - Items in the trading book (Article 299)Article 299 - Items in the trading bookQ&ASection 9 - Own funds requirements for exposures to a central counterparty (Article 300-311)Article 300 - DefinitionsArticle 301 - Material scopeArticle 302 - Monitoring of exposures to CCPsQ&AArticle 303 - Treatment of clearing members' exposures to CCPsArticle 304 - Treatment of clearing members' exposures to clientsITS/RTSQ&AArticle 305 - Treatment of clients' exposuresQ&AArticle 306 - Own funds requirements for trade exposuresQ&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 CCPQ&AArticle 310 - Own funds requirements for unfunded contributions to the default fund of a QCCPQ&AArticle 311 - Own funds requirements for exposures to CCPs that cease to meet certain conditionsQ&A
Section 1 - Definitions (Article 271-272)Article 271 - Determination of the exposure valueQ&AArticle 272 - DefinitionsQ&A
Section 2 - Methods for calculating the exposure value (Article 273-273b)Article 273 - Methods for calculating the exposure valueQ&AArticle 273a - Conditions for using simplified methods for calculating the exposure valueQ&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 valueQ&AArticle 275 - Replacement costQ&AArticle 276 - Recognition and treatment of collateralArticle 277 - Mapping of transactions to risk categoriesITS/RTSArticle 277a - Hedging setsArticle 278 - Potential future exposureArticle 279 - Calculation of the risk positionArticle 279a - Supervisory deltaITS/RTSQ&AArticle 279b - Adjusted notional amountQ&AArticle 279c - Maturity FactorQ&AArticle 280 - Hedging set supervisory factor coefficientArticle 280a - Interest rate risk category add-onQ&AArticle 280b - Foreign exchange risk category add-onArticle 280c - Credit risk category add-onArticle 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 6 - Internal Model Method (Article 283-294)Article 283 - Permission to use the Internal Model MethodArticle 284 - Exposure valueQ&AArticle 285 - Exposure value for netting sets subject to a margin agreementQ&AArticle 286 - Management of CCR — Policies, processes and systemsArticle 287 - Organisation structures for CCR managementArticle 288 - Review of CCR management systemArticle 289 - Use testArticle 290 - Stress testingGLArticle 291 - Wrong-Way RiskQ&AArticle 292 - Integrity of the modelling processArticle 293 - Requirements for the risk management systemArticle 294 - Validation requirements
Section 7 - Contractual netting (Article 295-298)Article 295 - Recognition of contractual netting as risk-reducingQ&AArticle 296 - Recognition of contractual netting agreementsQ&AArticle 297 - Obligations of institutionsArticle 298 - Effects of recognition of netting as risk-reducingQ&A
Section 9 - Own funds requirements for exposures to a central counterparty (Article 300-311)Article 300 - DefinitionsArticle 301 - Material scopeArticle 302 - Monitoring of exposures to CCPsQ&AArticle 303 - Treatment of clearing members' exposures to CCPsArticle 304 - Treatment of clearing members' exposures to clientsITS/RTSQ&AArticle 305 - Treatment of clients' exposuresQ&AArticle 306 - Own funds requirements for trade exposuresQ&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 CCPQ&AArticle 310 - Own funds requirements for unfunded contributions to the default fund of a QCCPQ&AArticle 311 - Own funds requirements for exposures to CCPs that cease to meet certain conditionsQ&A
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 notificationITS/RTSArticle 313 - Reverting to the use of less sophisticated approachesArticle 314 - Combined use of different approachesCHAPTER 2 - Basic Indicator Approach (Article 315-316)Article 315 - Own funds requirementQ&AArticle 316 - Relevant indicatorQ&ACHAPTER 3 - Standardised Approach (Article 317-320)Article 317 - Own funds requirementQ&AArticle 318 - Principles for business line mappingQ&AArticle 319 - Alternative Standardised ApproachArticle 320 - Criteria for the Standardised ApproachCHAPTER 4 - Advanced measurement approaches (Article 321-324)Article 321 - Qualitative standardsArticle 322 - Quantitative StandardsQ&AArticle 323 - Impact of insurance and other risk transfer mechanismsQ&AArticle 324 - Loss event type classificationQ&A
CHAPTER 1 - General principles governing the use of the different approaches (Article 312-314)Article 312 - Permission and notificationITS/RTSArticle 313 - Reverting to the use of less sophisticated approachesArticle 314 - Combined use of different approaches
CHAPTER 2 - Basic Indicator Approach (Article 315-316)Article 315 - Own funds requirementQ&AArticle 316 - Relevant indicatorQ&A
CHAPTER 3 - Standardised Approach (Article 317-320)Article 317 - Own funds requirementQ&AArticle 318 - Principles for business line mappingQ&AArticle 319 - Alternative Standardised ApproachArticle 320 - Criteria for the Standardised Approach
CHAPTER 4 - Advanced measurement approaches (Article 321-324)Article 321 - Qualitative standardsArticle 322 - Quantitative StandardsQ&AArticle 323 - Impact of insurance and other risk transfer mechanismsQ&AArticle 324 - Loss event type classificationQ&A
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 riskQ&AArticle 325a - Exemptions from specific reporting requirements for market riskQ&AArticle 325b - Permission for consolidated requirementsQ&ACHAPTER 1a - Alternative standardised approach (Article 325c-325ay)Section 1 - General provisions (Article 325c)Article 325c - Scope and structure of the alternative standardised approachSection 2 - Sensitivities-based method for calculating the own funds requirement (Article 325d-325k)Article 325d - DefinitionsArticle 325e - Components of the sensitivities-based methodArticle 325f - Own funds requirements for delta and vega risksQ&AArticle 325g - Own funds requirements for curvature riskArticle 325h - Aggregation of risk-class specific own funds requirements for delta, vega and curvature risksQ&AArticle 325i - Treatment of index instruments and other multi-underlying instrumentsArticle 325j - Treatment of collective investment undertakingsArticle 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-securitisationArticle 325n - Credit spread risk factors for securitisationArticle 325o - Equity risk factorsArticle 325p - Commodity risk factorsArticle 325q - Foreign exchange risk factorsSubsection 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 risksITS/RTSSection 5 - Own funds requirements for the default risk (Article 325v-325ad)Article 325v - Definitions and general provisionsSubsection 1 - Own funds requirements for the default risk for non-securitisations (Article 325w-325y)Article 325w - Gross jump-to-default amountsITS/RTSArticle 325x - Net jump-to-default amountsQ&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-securitisationsArticle 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 riskITS/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 weightsQ&AArticle 325ay - Vega and curvature risk correlationsQ&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 modelsArticle 325ba - Own funds requirements when using alternative internal modelsSection 2 - General requirements (Article 325bb-325bk)Article 325bb - Expected shortfall risk measureArticle 325bc - Partial expected shortfall calculationsGLArticle 325bd - Liquidity horizonsITS/RTSArticle 325be - Assessment of the modellability of risk factorsITS/RTSArticle 325bf - Regulatory back-testing requirements and multiplication factorsITS/RTSArticle 325bg - Profit and loss attribution requirementITS/RTSArticle 325bh - Requirements on risk measurementGLArticle 325bi - Qualitative requirementsArticle 325bj - Internal validationArticle 325bk - Calculation of stress scenario risk measureSection 3 - Internal default risk model (Article 325bl-325bp)Article 325bl - Scope of the internal default risk modelArticle 325bm - Permission to use an internal default risk modelArticle 325bn - Own funds requirements for default risk using an internal default risk modelArticle 325bo - Recognition of hedges in an internal default risk modelArticle 325bp - Particular requirements for an internal default risk modelQ&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 - NettingQ&AArticle 328 - Interest rate futures and forwardsArticle 329 - Options and warrantsITS/RTSQ&AArticle 330 - SwapsArticle 331 - Interest rate risk on derivative instrumentsQ&AArticle 332 - Credit DerivativesArticle 333 - Securities sold under a repurchase agreement or lentSection 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 instrumentsArticle 337 - Own funds requirement for securitisation instrumentsQ&AArticle 338 - Own funds requirement for the correlation trading portfolioSub-Section 2 - General risk (Article 339-340)Article 339 - Maturity-based calculation of general riskQ&AArticle 340 - Duration-based calculation of general riskQ&AGLSection 3 - Equities (Article 341-344)Article 341 - Net positions in equity instrumentsITS/RTSQ&AArticle 342 - Specific risk of equity instrumentsQ&AArticle 343 - General risk of equity instrumentsQ&AArticle 344 - Stock indicesITS/RTSQ&AGLSection 4 - Underwriting (Article 345)Article 345 - Reduction of net positionsSection 5 - Specific risk own funds requirements for positions hedged by credit derivatives (Article 346-347)Article 346 - Allowance for hedges by credit derivativesQ&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 CIUsQ&AArticle 349 - General criteria for CIUsQ&AArticle 350 - Specific methods for CIUsQ&ACHAPTER 3 - Own funds requirements for foreign-exchange risk (Article 351-354)Article 351 - De minimis and weighting for foreign exchange riskQ&AArticle 352 - Calculation of the overall net foreign exchange positionITS/RTSQ&AGLArticle 353 - Foreign exchange risk of CIUsArticle 354 - Closely correlated currenciesITS/RTSQ&ACHAPTER 4 - Own funds requirements for commodities risk (Article 355-361)Article 355 - Choice of method for commodities riskQ&AArticle 356 - Ancillary commodities businessArticle 357 - Positions in commoditiesQ&AArticle 358 - Particular instrumentsITS/RTSQ&AArticle 359 - Maturity ladder approachQ&AArticle 360 - Simplified approachQ&AArticle 361 - Extended maturity ladder approachCHAPTER 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 risksArticle 363 - Permission to use internal modelsITS/RTSQ&AArticle 364 - Own funds requirements when using internal modelsQ&ASection 2 - General requirements (Article 365-369)Article 365 - VaR and stressed VaR CalculationArticle 366 - Regulatory back testing and multiplication factorsQ&AArticle 367 - Requirements on risk measurementQ&AArticle 368 - Qualitative requirementsGLArticle 369 - Internal ValidationSection 3 - Requirements particular to specific risk modelling (Article 370-371)Article 370 - Requirements for modelling specific riskQ&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 modelArticle 373 - Scope of the internal IRC modelArticle 374 - Parameters of the internal IRC modelQ&AArticle 375 - Recognition of hedges in the internal IRC modelArticle 376 - Particular requirements for the internal IRC modelSection 5 - Internal model for correlation trading (Article 377)Article 377 - Requirements for an internal model for correlation tradingQ&A
CHAPTER 1 - General provisions (Article 325-325b)Article 325 - Approaches for calculating the own funds requirements for market riskQ&AArticle 325a - Exemptions from specific reporting requirements for market riskQ&AArticle 325b - Permission for consolidated requirementsQ&A
CHAPTER 1a - Alternative standardised approach (Article 325c-325ay)Section 1 - General provisions (Article 325c)Article 325c - Scope and structure of the alternative standardised approachSection 2 - Sensitivities-based method for calculating the own funds requirement (Article 325d-325k)Article 325d - DefinitionsArticle 325e - Components of the sensitivities-based methodArticle 325f - Own funds requirements for delta and vega risksQ&AArticle 325g - Own funds requirements for curvature riskArticle 325h - Aggregation of risk-class specific own funds requirements for delta, vega and curvature risksQ&AArticle 325i - Treatment of index instruments and other multi-underlying instrumentsArticle 325j - Treatment of collective investment undertakingsArticle 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-securitisationArticle 325n - Credit spread risk factors for securitisationArticle 325o - Equity risk factorsArticle 325p - Commodity risk factorsArticle 325q - Foreign exchange risk factorsSubsection 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 risksITS/RTSSection 5 - Own funds requirements for the default risk (Article 325v-325ad)Article 325v - Definitions and general provisionsSubsection 1 - Own funds requirements for the default risk for non-securitisations (Article 325w-325y)Article 325w - Gross jump-to-default amountsITS/RTSArticle 325x - Net jump-to-default amountsQ&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-securitisationsArticle 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 riskITS/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 weightsQ&AArticle 325ay - Vega and curvature risk correlationsQ&A
Section 1 - General provisions (Article 325c)Article 325c - Scope and structure of the alternative standardised approach
Section 2 - Sensitivities-based method for calculating the own funds requirement (Article 325d-325k)Article 325d - DefinitionsArticle 325e - Components of the sensitivities-based methodArticle 325f - Own funds requirements for delta and vega risksQ&AArticle 325g - Own funds requirements for curvature riskArticle 325h - Aggregation of risk-class specific own funds requirements for delta, vega and curvature risksQ&AArticle 325i - Treatment of index instruments and other multi-underlying instrumentsArticle 325j - Treatment of collective investment undertakingsArticle 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-securitisationArticle 325n - Credit spread risk factors for securitisationArticle 325o - Equity risk factorsArticle 325p - Commodity risk factorsArticle 325q - Foreign exchange risk factorsSubsection 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-securitisationArticle 325n - Credit spread risk factors for securitisationArticle 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 risksITS/RTS
Section 5 - Own funds requirements for the default risk (Article 325v-325ad)Article 325v - Definitions and general provisionsSubsection 1 - Own funds requirements for the default risk for non-securitisations (Article 325w-325y)Article 325w - Gross jump-to-default amountsITS/RTSArticle 325x - Net jump-to-default amountsQ&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 amountsITS/RTSArticle 325x - Net jump-to-default amountsQ&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-securitisationsArticle 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 riskITS/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 weightsQ&AArticle 325ay - Vega and curvature risk correlationsQ&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-securitisationsArticle 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 riskITS/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 weightsQ&AArticle 325ay - Vega and curvature risk correlationsQ&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 modelsArticle 325ba - Own funds requirements when using alternative internal modelsSection 2 - General requirements (Article 325bb-325bk)Article 325bb - Expected shortfall risk measureArticle 325bc - Partial expected shortfall calculationsGLArticle 325bd - Liquidity horizonsITS/RTSArticle 325be - Assessment of the modellability of risk factorsITS/RTSArticle 325bf - Regulatory back-testing requirements and multiplication factorsITS/RTSArticle 325bg - Profit and loss attribution requirementITS/RTSArticle 325bh - Requirements on risk measurementGLArticle 325bi - Qualitative requirementsArticle 325bj - Internal validationArticle 325bk - Calculation of stress scenario risk measureSection 3 - Internal default risk model (Article 325bl-325bp)Article 325bl - Scope of the internal default risk modelArticle 325bm - Permission to use an internal default risk modelArticle 325bn - Own funds requirements for default risk using an internal default risk modelArticle 325bo - Recognition of hedges in an internal default risk modelArticle 325bp - Particular requirements for an internal default risk modelQ&A
Section 1 - Permission and own funds requirements (Article 325az-325ba)Article 325az - Alternative internal model approach and permission to use alternative internal modelsArticle 325ba - Own funds requirements when using alternative internal models
Section 2 - General requirements (Article 325bb-325bk)Article 325bb - Expected shortfall risk measureArticle 325bc - Partial expected shortfall calculationsGLArticle 325bd - Liquidity horizonsITS/RTSArticle 325be - Assessment of the modellability of risk factorsITS/RTSArticle 325bf - Regulatory back-testing requirements and multiplication factorsITS/RTSArticle 325bg - Profit and loss attribution requirementITS/RTSArticle 325bh - Requirements on risk measurementGLArticle 325bi - Qualitative requirementsArticle 325bj - Internal validationArticle 325bk - Calculation of stress scenario risk measure
Section 3 - Internal default risk model (Article 325bl-325bp)Article 325bl - Scope of the internal default risk modelArticle 325bm - Permission to use an internal default risk modelArticle 325bn - Own funds requirements for default risk using an internal default risk modelArticle 325bo - Recognition of hedges in an internal default risk modelArticle 325bp - Particular requirements for an internal default risk modelQ&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 - NettingQ&AArticle 328 - Interest rate futures and forwardsArticle 329 - Options and warrantsITS/RTSQ&AArticle 330 - SwapsArticle 331 - Interest rate risk on derivative instrumentsQ&AArticle 332 - Credit DerivativesArticle 333 - Securities sold under a repurchase agreement or lentSection 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 instrumentsArticle 337 - Own funds requirement for securitisation instrumentsQ&AArticle 338 - Own funds requirement for the correlation trading portfolioSub-Section 2 - General risk (Article 339-340)Article 339 - Maturity-based calculation of general riskQ&AArticle 340 - Duration-based calculation of general riskQ&AGLSection 3 - Equities (Article 341-344)Article 341 - Net positions in equity instrumentsITS/RTSQ&AArticle 342 - Specific risk of equity instrumentsQ&AArticle 343 - General risk of equity instrumentsQ&AArticle 344 - Stock indicesITS/RTSQ&AGLSection 4 - Underwriting (Article 345)Article 345 - Reduction of net positionsSection 5 - Specific risk own funds requirements for positions hedged by credit derivatives (Article 346-347)Article 346 - Allowance for hedges by credit derivativesQ&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 CIUsQ&AArticle 349 - General criteria for CIUsQ&AArticle 350 - Specific methods for CIUsQ&A
Section 1 - General provisions and specific instruments (Article 326-333)Article 326 - Own funds requirements for position riskArticle 327 - NettingQ&AArticle 328 - Interest rate futures and forwardsArticle 329 - Options and warrantsITS/RTSQ&AArticle 330 - SwapsArticle 331 - Interest rate risk on derivative instrumentsQ&AArticle 332 - Credit DerivativesArticle 333 - Securities sold under a repurchase agreement or lent
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 instrumentsArticle 337 - Own funds requirement for securitisation instrumentsQ&AArticle 338 - Own funds requirement for the correlation trading portfolioSub-Section 2 - General risk (Article 339-340)Article 339 - Maturity-based calculation of general riskQ&AArticle 340 - Duration-based calculation of general riskQ&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 instrumentsArticle 337 - Own funds requirement for securitisation instrumentsQ&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 riskQ&AArticle 340 - Duration-based calculation of general riskQ&AGL
Section 3 - Equities (Article 341-344)Article 341 - Net positions in equity instrumentsITS/RTSQ&AArticle 342 - Specific risk of equity instrumentsQ&AArticle 343 - General risk of equity instrumentsQ&AArticle 344 - Stock indicesITS/RTSQ&AGL
Section 5 - Specific risk own funds requirements for positions hedged by credit derivatives (Article 346-347)Article 346 - Allowance for hedges by credit derivativesQ&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 CIUsQ&AArticle 349 - General criteria for CIUsQ&AArticle 350 - Specific methods for CIUsQ&A
CHAPTER 3 - Own funds requirements for foreign-exchange risk (Article 351-354)Article 351 - De minimis and weighting for foreign exchange riskQ&AArticle 352 - Calculation of the overall net foreign exchange positionITS/RTSQ&AGLArticle 353 - Foreign exchange risk of CIUsArticle 354 - Closely correlated currenciesITS/RTSQ&A
CHAPTER 4 - Own funds requirements for commodities risk (Article 355-361)Article 355 - Choice of method for commodities riskQ&AArticle 356 - Ancillary commodities businessArticle 357 - Positions in commoditiesQ&AArticle 358 - Particular instrumentsITS/RTSQ&AArticle 359 - Maturity ladder approachQ&AArticle 360 - Simplified approachQ&AArticle 361 - Extended maturity ladder approach
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 risksArticle 363 - Permission to use internal modelsITS/RTSQ&AArticle 364 - Own funds requirements when using internal modelsQ&ASection 2 - General requirements (Article 365-369)Article 365 - VaR and stressed VaR CalculationArticle 366 - Regulatory back testing and multiplication factorsQ&AArticle 367 - Requirements on risk measurementQ&AArticle 368 - Qualitative requirementsGLArticle 369 - Internal ValidationSection 3 - Requirements particular to specific risk modelling (Article 370-371)Article 370 - Requirements for modelling specific riskQ&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 modelArticle 373 - Scope of the internal IRC modelArticle 374 - Parameters of the internal IRC modelQ&AArticle 375 - Recognition of hedges in the internal IRC modelArticle 376 - Particular requirements for the internal IRC modelSection 5 - Internal model for correlation trading (Article 377)Article 377 - Requirements for an internal model for correlation tradingQ&A
Section 1 - Permission and own funds requirements (Article 362-364)Article 362 - Specific and general risksArticle 363 - Permission to use internal modelsITS/RTSQ&AArticle 364 - Own funds requirements when using internal modelsQ&A
Section 2 - General requirements (Article 365-369)Article 365 - VaR and stressed VaR CalculationArticle 366 - Regulatory back testing and multiplication factorsQ&AArticle 367 - Requirements on risk measurementQ&AArticle 368 - Qualitative requirementsGLArticle 369 - Internal Validation
Section 3 - Requirements particular to specific risk modelling (Article 370-371)Article 370 - Requirements for modelling specific riskQ&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 modelArticle 373 - Scope of the internal IRC modelArticle 374 - Parameters of the internal IRC modelQ&AArticle 375 - Recognition of hedges in the internal IRC modelArticle 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 tradingQ&A
TITLE V - OWN FUNDS REQUIREMENTS FOR SETTLEMENT RISK (Article 378-380)Article 378 - Settlement/delivery riskQ&AArticle 379 - Free deliveriesQ&AArticle 380 - Waiver
TITLE VI - OWN FUNDS REQUIREMENTS FOR CREDIT VALUATION ADJUSTMENT RISK (Article 381-386)Article 381 - Meaning of credit valuation adjustmentQ&AArticle 382 - ScopeITS/RTSQ&AGLArticle 383 - Advanced methodITS/RTSQ&AArticle 384 - Standardised methodQ&AArticle 385 - Alternative to using CVA methods for calculating own funds requirementsArticle 386 - Eligible hedgesQ&A
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]Q&AArticle 406 - Due diligence [repealed]Article 407 - Additional risk weight [repealed]
TITLE III - REQUIREMENTS FOR SPONSOR AND ORIGINATOR INSTITUTIONS (Article 408-410)Article 408 - Criteria for credit granting [repealed]Article 409 - Disclosure to investors [repealed]Article 410 - Uniform condition of application [repealed]ITS/RTS
TITLE I - DEFINITIONS AND LIQUIDITY REQUIREMENTS (Article 411-414)Article 411 - DefinitionsQ&AArticle 412 - Liquidity coverage requirementQ&AArticle 413 - Stable funding requirementArticle 414 - Compliance with liquidity requirements
TITLE II - LIQUIDITY REPORTING (Article 415-426)Article 415 - Reporting obligation and reporting formatITS/RTSQ&AArticle 416 - Reporting on liquid assetsITS/RTSQ&AArticle 417 - Operational requirements for holdings of liquid assetsQ&AArticle 418 - Valuation of liquid assetsQ&AArticle 419 - Currencies with constraints on the availability of liquid assetsITS/RTSArticle 420 - Liquidity outflowsQ&AArticle 421 - Outflows on retail depositsQ&AGLArticle 422 - Outflows on other liabilitiesITS/RTSQ&AGLArticle 423 - Additional outflowsITS/RTSQ&AArticle 424 - Outflows from credit and liquidity facilitiesQ&AArticle 425 - InflowsITS/RTSQ&AGLArticle 426 - Updating Future liquidity requirements
TITLE III - REPORTING ON STABLE FUNDING (Article 427-428)Article 427 - Items providing stable fundingQ&AArticle 428 - Items requiring stable fundingQ&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 ratioCHAPTER 2 - General rules for the calculation of the net stable funding ratio (Article 428c-428h)Article 428c - Calculation of the net stable funding ratioQ&AArticle 428d - Derivative contractsQ&AArticle 428e - Netting of secured lending transactions and capital market-driven transactionsArticle 428f - Interdependent assets and liabilitiesQ&AArticle 428g - Deposits in institutional protection schemes and cooperative networksArticle 428h - Preferential treatment within a group or within an institutional protection schemeQ&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 ratioQ&AArticle 428d - Derivative contractsQ&AArticle 428e - Netting of secured lending transactions and capital market-driven transactionsArticle 428f - Interdependent assets and liabilitiesQ&AArticle 428g - Deposits in institutional protection schemes and cooperative networksArticle 428h - Preferential treatment within a group or within an institutional protection schemeQ&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 fundingQ&AArticle 428j - Residual maturity of a liability or of own fundsQ&ASection 2 - Available stable funding factors (Article 428k-428o)Article 428k - 0 % available stable funding factorQ&AArticle 428l - 50 % available stable funding factorQ&AArticle 428m - 90 % available stable funding factorQ&AArticle 428n - 95 % available stable funding factorQ&AArticle 428o - 100 % available stable funding factorQ&A
Section 1 - General provisions (Article 428i-428j)Article 428i - Calculation of the amount of available stable fundingQ&AArticle 428j - Residual maturity of a liability or of own fundsQ&A
Section 2 - Available stable funding factors (Article 428k-428o)Article 428k - 0 % available stable funding factorQ&AArticle 428l - 50 % available stable funding factorQ&AArticle 428m - 90 % available stable funding factorQ&AArticle 428n - 95 % available stable funding factorQ&AArticle 428o - 100 % available stable funding factorQ&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 fundingQ&AArticle 428q - Residual maturity of an assetQ&ASection 2 - Required stable funding factors (Article 428r-428ah)Article 428r - 0 % required stable funding factorArticle 428s - 5 % required stable funding factorArticle 428t - 7 % required stable funding factorArticle 428u - 7,5 % required stable funding factorArticle 428v - 10 % required stable funding factorArticle 428w - 12 % required stable funding factorArticle 428x - 15 % required stable funding factorArticle 428y - 20 % required stable funding factorArticle 428z - 25 % required stable funding factorArticle 428aa - 30 % required stable funding factorArticle 428ab - 35 % required stable funding factorQ&AArticle 428ac - 40 % required stable funding factorArticle 428ad - 50 % required stable funding factorQ&AArticle 428ae - 55 % required stable funding factorArticle 428af - 65 % required stable funding factorQ&AArticle 428ag - 85 % required stable funding factorQ&AArticle 428ah - 100 % required stable funding factorQ&A
Section 1 - General provisions (Article 428p-428q)Article 428p - Calculation of the amount of required stable fundingQ&AArticle 428q - Residual maturity of an assetQ&A
Section 2 - Required stable funding factors (Article 428r-428ah)Article 428r - 0 % required stable funding factorArticle 428s - 5 % required stable funding factorArticle 428t - 7 % required stable funding factorArticle 428u - 7,5 % required stable funding factorArticle 428v - 10 % required stable funding factorArticle 428w - 12 % required stable funding factorArticle 428x - 15 % required stable funding factorArticle 428y - 20 % required stable funding factorArticle 428z - 25 % required stable funding factorArticle 428aa - 30 % required stable funding factorArticle 428ab - 35 % required stable funding factorQ&AArticle 428ac - 40 % required stable funding factorArticle 428ad - 50 % required stable funding factorQ&AArticle 428ae - 55 % required stable funding factorArticle 428af - 65 % required stable funding factorQ&AArticle 428ag - 85 % required stable funding factorQ&AArticle 428ah - 100 % required stable funding factorQ&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 fundingArticle 428ar - Residual maturity of an assetSection 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 fundingArticle 428ar - Residual maturity of an asset
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
TITLE I - GENERAL PRINCIPLES (Article 431-434a)Article 431 - Disclosure requirements and policiesQ&AGLArticle 432 - Non-material, proprietary or confidential informationQ&AGLArticle 433 - Frequency and scope of disclosuresQ&AGLArticle 433a - Disclosures by large institutionsQ&AGLArticle 433b - Disclosures by small and non-complex institutionsQ&AGLArticle 433c - Disclosures by other institutionsQ&AGLArticle 434 - Means of disclosuresQ&AGLArticle 434a - Uniform disclosure formatsITS/RTSQ&AGL
TITLE II - TECHNICAL CRITERIA ON TRANSPARENCY AND DISCLOSURE (Article 435-451a)Article 435 - Disclosure of risk management objectives and policiesQ&AGLArticle 436 - Disclosure of the scope of applicationQ&AGLArticle 437 - Disclosure of own fundsITS/RTSQ&AGLArticle 437a - Disclosure of own funds and eligible liabilitiesQ&AGLArticle 438 - Disclosure of own funds requirements and risk-weighted exposure amountsQ&AGLArticle 439 - Disclosure of exposures to counterparty credit riskQ&AGLArticle 440 - Disclosure of countercyclical capital buffersITS/RTSQ&AGLArticle 441 - Disclosure of indicators of global systemic importanceITS/RTSQ&AGLArticle 442 - Disclosure of exposures to credit risk and dilution riskQ&AGLArticle 443 - Disclosure of encumbered and unencumbered assetsITS/RTSQ&AGLArticle 444 - Disclosure of the use of the Standardised ApproachQ&AGLArticle 445 - Disclosure of exposure to market riskQ&AGLArticle 446 - Disclosure of operational risk managementQ&AGLArticle 447 - Disclosure of key metricsQ&AGLArticle 448 - Disclosure of exposures to interest rate risk on positions not held in the trading bookQ&AGLArticle 449 - Disclosure of exposures to securitisation positionsQ&AGLArticle 449a - Disclosure of environmental, social and governance risks (ESG risks)Q&AGLArticle 450 - Disclosure of remuneration policyQ&AGLArticle 451 - Disclosure of the leverage ratioITS/RTSQ&AGLArticle 451a - Disclosure of liquidity requirementsQ&AGL
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 riskQ&AGLArticle 453 - Disclosure of the use of credit risk mitigation techniquesQ&AGLArticle 454 - Disclosure of the use of the Advanced Measurement Approaches to operational riskQ&AGLArticle 455 - Use of internal market risk modelsQ&AGL
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 requirementsQ&AArticle 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 in view of the COVID-19 pandemicQ&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 itemsQ&AArticle 469a - Derogation from deductions from Common Equity Tier 1 items for non-performing exposuresQ&AArticle 470 - Exemption from deduction from Common Equity Tier 1 itemsQ&AArticle 471 - Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 ItemsQ&AArticle 472 - Items not deducted from Common Equity Tier 1Q&AArticle 473 - Introduction of amendments to IAS 19Q&AArticle 473a - Introduction of IFRS 9Q&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 itemsQ&ASub-Section 3 - Deductions from Tier 2 items (Article 476-477)Article 476 - Deductions from Tier 2 itemsArticle 477 - Deductions from Tier 2 itemsQ&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 itemsQ&ASection 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 interestsArticle 480 - Recognition in consolidated own funds of minority interests and qualifying Additional Tier 1 and Tier 2 capitalSection 5 - Additional filters and deductions (Article 481-482)Article 481 - Additional filters and deductionsITS/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 instrumentsQ&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/ECQ&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/ECQ&AArticle 486 - Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 itemsQ&AArticle 487 - Items excluded from grandfathering in Common Equity Tier 1 or Additional Tier 1 items in other elements of own fundsITS/RTSQ&AArticle 488 - Amortisation of items grandfathered as Tier 2 itemsQ&ASub-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 redeemQ&AArticle 490 - Tier 2 items with an incentive to redeemQ&AArticle 491 - Effective maturityQ&ACHAPTER 3 - Transitional provisions for disclosure of own funds (Article 492)Article 492 - Disclosure of own fundsITS/RTSCHAPTER 4 - Large exposures, own funds requirements, leverage and the Basel I Floor (Article 493-501b)Article 493 - Transitional provisions for large exposuresQ&AArticle 494 - Transitional provisions concerning the requirement for own funds and eligible liabilitiesArticle 494a - Grandfathering of issuances through special purpose entitiesQ&AArticle 494b - Grandfathering of own funds instruments and eligible liabilities instrumentsQ&AArticle 494c - Grandfathering of senior securitisation positionsArticle 495 - Treatment of equity exposures under the IRB ApproachITS/RTSQ&AArticle 496 - Own funds requirements for covered bonds [repealed]Article 497 - Own funds requirements for exposures to CCPsITS/RTSArticle 498 - Exemption for Commodities dealersArticle 499 - LeverageQ&AArticle 500 - Adjustment for massive disposalsQ&AArticle 500a - Temporary treatment of public debt issued in the currency of another Member StateArticle 500b - Temporary exclusion of certain exposures to central banks from the total exposure measure in view of the COVID-19 pandemicGLArticle 500c - Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemicGLArticle 500d - Temporary calculation of the exposure value of regular-way purchases and sales awaiting settlement in view of the COVID-19 pandemicGLArticle 501 - Adjustment of risk-weighted non-defaulted SME exposuresQ&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 servicesQ&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 requirementsQ&AArticle 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 in view of the COVID-19 pandemicQ&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 itemsQ&AArticle 469a - Derogation from deductions from Common Equity Tier 1 items for non-performing exposuresQ&AArticle 470 - Exemption from deduction from Common Equity Tier 1 itemsQ&AArticle 471 - Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 ItemsQ&AArticle 472 - Items not deducted from Common Equity Tier 1Q&AArticle 473 - Introduction of amendments to IAS 19Q&AArticle 473a - Introduction of IFRS 9Q&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 itemsQ&ASub-Section 3 - Deductions from Tier 2 items (Article 476-477)Article 476 - Deductions from Tier 2 itemsArticle 477 - Deductions from Tier 2 itemsQ&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 itemsQ&ASection 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 interestsArticle 480 - Recognition in consolidated own funds of minority interests and qualifying Additional Tier 1 and Tier 2 capitalSection 5 - Additional filters and deductions (Article 481-482)Article 481 - Additional filters and deductionsITS/RTSQ&AArticle 482 - Scope of application for derivatives transactions with pension funds
Section 1 - Own funds requirements (Article 465-466)Article 465 - Own funds requirementsQ&AArticle 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 in view of the COVID-19 pandemicQ&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 itemsQ&AArticle 469a - Derogation from deductions from Common Equity Tier 1 items for non-performing exposuresQ&AArticle 470 - Exemption from deduction from Common Equity Tier 1 itemsQ&AArticle 471 - Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 ItemsQ&AArticle 472 - Items not deducted from Common Equity Tier 1Q&AArticle 473 - Introduction of amendments to IAS 19Q&AArticle 473a - Introduction of IFRS 9Q&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 itemsQ&ASub-Section 3 - Deductions from Tier 2 items (Article 476-477)Article 476 - Deductions from Tier 2 itemsArticle 477 - Deductions from Tier 2 itemsQ&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 itemsQ&A
Sub-Section 1 - Deductions from Common Equity Tier 1 items (Article 469-473a)Article 469 - Deductions from Common Equity Tier 1 itemsQ&AArticle 469a - Derogation from deductions from Common Equity Tier 1 items for non-performing exposuresQ&AArticle 470 - Exemption from deduction from Common Equity Tier 1 itemsQ&AArticle 471 - Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 ItemsQ&AArticle 472 - Items not deducted from Common Equity Tier 1Q&AArticle 473 - Introduction of amendments to IAS 19Q&AArticle 473a - Introduction of IFRS 9Q&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 itemsQ&A
Sub-Section 3 - Deductions from Tier 2 items (Article 476-477)Article 476 - Deductions from Tier 2 itemsArticle 477 - Deductions from Tier 2 itemsQ&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 itemsQ&A
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 interestsArticle 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 deductionsITS/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 instrumentsQ&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/ECQ&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/ECQ&AArticle 486 - Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 itemsQ&AArticle 487 - Items excluded from grandfathering in Common Equity Tier 1 or Additional Tier 1 items in other elements of own fundsITS/RTSQ&AArticle 488 - Amortisation of items grandfathered as Tier 2 itemsQ&ASub-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 redeemQ&AArticle 490 - Tier 2 items with an incentive to redeemQ&AArticle 491 - Effective maturityQ&A
Section 1 - Instruments constituting State aid (Article 483)Article 483 - Grandfathering of State aid instrumentsQ&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/ECQ&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/ECQ&AArticle 486 - Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 itemsQ&AArticle 487 - Items excluded from grandfathering in Common Equity Tier 1 or Additional Tier 1 items in other elements of own fundsITS/RTSQ&AArticle 488 - Amortisation of items grandfathered as Tier 2 itemsQ&ASub-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 redeemQ&AArticle 490 - Tier 2 items with an incentive to redeemQ&AArticle 491 - Effective maturityQ&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/ECQ&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/ECQ&AArticle 486 - Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 itemsQ&AArticle 487 - Items excluded from grandfathering in Common Equity Tier 1 or Additional Tier 1 items in other elements of own fundsITS/RTSQ&AArticle 488 - Amortisation of items grandfathered as Tier 2 itemsQ&A
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 redeemQ&AArticle 490 - Tier 2 items with an incentive to redeemQ&AArticle 491 - Effective maturityQ&A
CHAPTER 3 - Transitional provisions for disclosure of own funds (Article 492)Article 492 - Disclosure of own fundsITS/RTS
CHAPTER 4 - Large exposures, own funds requirements, leverage and the Basel I Floor (Article 493-501b)Article 493 - Transitional provisions for large exposuresQ&AArticle 494 - Transitional provisions concerning the requirement for own funds and eligible liabilitiesArticle 494a - Grandfathering of issuances through special purpose entitiesQ&AArticle 494b - Grandfathering of own funds instruments and eligible liabilities instrumentsQ&AArticle 494c - Grandfathering of senior securitisation positionsArticle 495 - Treatment of equity exposures under the IRB ApproachITS/RTSQ&AArticle 496 - Own funds requirements for covered bonds [repealed]Article 497 - Own funds requirements for exposures to CCPsITS/RTSArticle 498 - Exemption for Commodities dealersArticle 499 - LeverageQ&AArticle 500 - Adjustment for massive disposalsQ&AArticle 500a - Temporary treatment of public debt issued in the currency of another Member StateArticle 500b - Temporary exclusion of certain exposures to central banks from the total exposure measure in view of the COVID-19 pandemicGLArticle 500c - Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemicGLArticle 500d - Temporary calculation of the exposure value of regular-way purchases and sales awaiting settlement in view of the COVID-19 pandemicGLArticle 501 - Adjustment of risk-weighted non-defaulted SME exposuresQ&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 servicesQ&AGLArticle 501b - Derogation from reporting requirements
TITLE II - REPORTS AND REVIEWS (Article 501c-519b)Article 501c - Prudential treatment of exposures related to environmental and/or social objectivesArticle 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 — definition of defaultArticle 506a - CIUs with an underlying portfolio of euro area sovereign bondsArticle 506b - NPE securitisationsArticle 507 - Large exposuresArticle 508 - Level of applicationArticle 509 - Liquidity requirementsQ&AArticle 510 - Net Stable Funding RequirementsArticle 511 - LeverageQ&AArticle 512 - Exposures to transferred credit riskArticle 513 - Macroprudential rulesArticle 514 - Method for the calculation of the exposure value of derivative transactionsArticle 515 - Monitoring and evaluationQ&AArticle 516 - Long-term financingArticle 517 - Definition of eligible capitalArticle 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 519 - Deduction of defined benefit pension fund assets from Common Equity Tier 1 itemsArticle 519a - Reporting and reviewArticle 519b - Own funds requirements for market risk