CRR - Own Funds requirements for market risk

Article

CRR - Own Funds requirements for market risk: materiality of extensions and changes of internal approaches

June 2015

On 19 June 2015, the Official Journal of the European Union published its Commission Delegated Regulation EU) 2015/942 of 4 March 2015 amending Delegated Regulation (EU) No 529/2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council as regards regulatory technical standards for assessing the materiality of extensions and changes of internal approaches when calculating Own Funds requirements for market risk.

The amended Delegated Regulation (EU) No 529/2014 lays down the condition for assessing the materiality of extensions and changes to the Internal Rating Based approaches, the Advanced Measurement Approaches and the internal Model Approach permitted in accordance with Regulation (EU) No 575/2013, including the modalities of notifications of such changes and extensions.

This Regulation will enter into force on 9th July 2015.

CRR
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