Secondary Legislation Under CRD IV Published In Official Journal Of The European Union

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Several European Commission Delegated Regulations setting out regulatory technical standards under CRD IV were published in the Official Journal of the EU.
European Union Finance and Banking

On 20 May 2014, several European Commission Delegated Regulations setting out regulatory technical standards ("RTS") under CRD IV were published in the Official Journal of the European Union. The RTS relate to: (i) the determination of what constitutes close correspondence between the value of an institution's covered bonds and the value of the institution's assets; (ii) the information to be exchanged between national regulators; (iii) the definition of market; (iv) the determination of the proxy spread and limited smaller portfolios for credit valuation adjustment risk; (v) the classes of instruments that reflect the credit quality of a firm as a going concern and are appropriate to be used for variable remuneration; (vi) the non-delta risk of options in the standardized market risk approach; (vii) the assessment of the materiality of extensions and changes of the Internal Ratings Based Approach and the Advanced Measurement Approach; and (viii) the definitions for material exposures and thresholds for internal approaches to specific risk in the trading book.

The legislation is available at: http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L:2014:148:FULL&from=EN

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