Updated 08/03/2025
In force

Version from: 01/01/2025
Amendments (1)
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Article 383w - Regulation 575/2013 (CRR)

Article 383w

Correlations across buckets for equity risk

The cross-bucket correlation parameter for equity delta and vega risk shall be set at:

(a) 

15 %, where the two buckets fall within buckets 1 to 10 in Article 383v(1), Table 1;

(b) 

75 %, where the two buckets are buckets 12 and 13 in Article 383v(1), Table 1;

(c) 

45 %, where one of the buckets is bucket 12 or 13 in Article 383v(1), Table 1, and the other bucket falls within buckets 1 to 10 in Article 383v(1), Table 1;

(d) 

0 %, where one of the two buckets is bucket 11 in Article 383v(1), Table 1.