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On June 19, 2015, a regulation amending the RTS on assessing the materiality of extensions and changes of internal approaches when calculating own funds requirements for market risk was published in the Official Journal of the European Union.
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On June 19, 2015, a regulation amending the RTS on assessing the
materiality of extensions and changes of internal approaches when
calculating own funds requirements for market risk was published in
the Official Journal of the European Union. The amending regulation
adds standards to the original RTS on the conditions for assessing
materiality of extensions and changes to Internal Model approaches
used for the calculation of own funds requirements for market risk.
The amendments mean that all of the provisions regulating
extensions and changes to internal approaches are set out in a
single legal text. The original RTS only included provisions for
the Internal Rating Based Approach and the Advanced Measurement
Approaches used for calculating capital requirements for credit and
operational risk. The amending regulation enters into force on July
9, 2015.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
EU Technical Standards On Extensions And Changes To Internal Approaches Consolidated
European UnionFinance and Banking
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Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
