in force 2025-01-01 MODIFIED+370 −157§
Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795
applies from: unchanged
The rule for exposures to multilateral development banks not listed in paragraph 2 changed from a flat treatment equivalent to exposures to institutions, with no preferential short-term treatment, to a risk weight determined by a credit assessment from a nominated ECAI mapped to a new Table 1 with credit quality steps 1 through 6 corresponding to risk weights of 20%, 30%, 50%, 100%, 100% and 150%.
The revised text also adds a specific rule assigning a 50% risk weight to such exposures when no credit assessment by a nominated ECAI is available, a case not addressed in the earlier version.
Cited: Art. 117, v1 · Art. 117, v2
text before / after
02013R0575-20240709 → 02013R0575-20250101
Article 117
Exposures to multilateral development banks
1. Exposures to multilateral development banks that are not referred to in paragraph 2 and for which a credit assessment by a nominated ECAI is available shall be treated assigned a risk weight in the same manner as exposures accordance with Table 1. Exposures to institutions. The preferential treatment multilateral development banks that are not referred to in paragraph 2 for short-term exposures as specified in Articles 119(2), 120(2) and 121(3) which a credit assessment by a nominated ECAI is not available shall not be applied. assigned a risk weight of 50 %.
Table 1
Credit quality step 1 2 3 4 5 6
Risk weight 20 % 30 % 50 % 100 % 100 % 150 %
The Inter-American Investment Corporation, the Black Sea Trade and Development Bank, the Central American Bank for Economic Integration and the CAF-Development Bank of Latin America shall be considered multilateral development banks.
2. Exposures to the following multilateral development banks shall be assigned a 0 % risk weight:
(a) the International Bank for Reconstruction and Development;
(b) the International Finance Corporation;
(c) the Inter-American Development Bank;
(d) the Asian Development Bank;
(e) the African Development Bank;
(f) the Council of Europe Development Bank;
(g) the Nordic Investment Bank;
(h) the Caribbean Development Bank;
(i) the European Bank for Reconstruction and Development;
(j) the European Investment Bank;
(k) the European Investment Fund;
(l) the Multilateral Investment Guarantee Agency;
(m) the International Finance Facility for Immunisation;
(n) the Islamic Development Bank;
(o) the International Development Association;
(p) the Asian Infrastructure Investment Bank.
The Commission is empowered to amend this Regulation by adopting delegated acts in accordance with Article 462 amending, in accordance with international standards, the list of multilateral development banks referred to in the first subparagraph.
3. A risk weight of 20 % shall be assigned to the portion of unpaid capital subscribed to the European Investment Fund.