Art. 132a
Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex
Approaches for calculating risk-weighted exposure amounts of CIUs
6 changes recorded across 6 events, newest first.
in force 2025-01-01 MODIFIED+35 −40§
Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795
applies from: unchanged
The cross-reference for the derogation in paragraph 3 was changed from point (d) of Article 92(3) to point (e) of Article 92(4).
The reference to the calculation method was also reformatted from 'Section 3, 4 or 5 of Chapter 6' to 'Chapter 6, Section 3, 4 or 5' without other wording changes.
Cited: Art. 132a, v1 · Art. 132a, v2
text before / after
02013R0575-20240709 → 02013R0575-20250101
Article 132a
Approaches for calculating risk-weighted exposure amounts of CIUs
1. Where the conditions set out in Article 132(3) are met, institutions that have sufficient information about the individual underlying exposures of a CIU shall look through to those exposures to calculate the risk-weighted exposure amount of the CIU, risk weighting all underlying exposures of the CIU as if they were directly held by those institutions.
2. Where the conditions set out in Article 132(3) are met, institutions that do not have sufficient information about the individual underlying exposures of a CIU to use the look-through approach may calculate the risk-weighted exposure amount of those exposures in accordance with the limits set in the CIU's mandate and relevant law.
Institutions shall carry out the calculations referred to in the first subparagraph under the assumption that the CIU first incurs exposures to the maximum extent allowed under its mandate or relevant law in the exposures attracting the highest own funds requirement and then continues incurring exposures in descending order until the maximum total exposure limit is reached, and that the CIU applies leverage to the maximum extent allowed under its mandate or relevant law, where applicable.
Institutions shall carry out the calculations referred to in the first subparagraph in accordance with the methods set out in this Chapter, in Chapter 5, and in Section 3, 4 or 5 of Chapter 6 of this Title.
3. By way of derogation from Article 92(4), point (d) of Article 92(3), (e), institutions that calculate the risk-weighted exposure amount of a CIU's CIU’s exposures in accordance with paragraph 1 or 2 of this Article may calculate the own funds requirement for the credit valuation adjustment risk of derivative exposures of that CIU as an amount equal to 50 % of the own funds requirement for those derivative exposures calculated in accordance with Chapter 6, Section 3, 4 or 5 of Chapter 6 5, of this Title, as applicable.
By way of derogation from the first subparagraph, an institution may exclude from the calculation of the own funds requirement for credit valuation adjustment risk derivative exposures which would not be subject to that requirement if they were incurred directly by the institution.
4. EBA shall develop draft regulatory technical standards to specify how institutions shall calculate the risk-weighted exposure amount referred to in paragraph 2 where one or more of the inputs required for that calculation are not available.
EBA shall submit those draft regulatory technical standards to the Commission by 28 March 2020.
Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010.
in force 2024-07-09 MODIFIED§
Amended by Regulation (EU) 2024/1623 32024R1623
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
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in force 2023-06-28 INSERTED§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
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in force 2021-06-28 MODIFIED§
Amended by Regulation (EU) 2019/2033 32019R2033 · Regulation (EU) 2019/876 32019R0876 · Regulation (EU) 2021/558 32021R0558 · Regulation (EU) 2020/873 32020R0873
applies from: unchanged
The after text adds three new paragraphs, numbered 1 to 3, preceding the previously existing paragraph 4 on regulatory technical standards.
Paragraph 1 sets out a look-through approach requiring institutions with sufficient information about a CIU's underlying exposures to risk weight those exposures as if directly held, where the conditions of Article 132(3) are met.
Paragraphs 2 and 3 add rules for institutions lacking such sufficient information, including a mandate-based calculation method, an assumption about maximum exposure incursion and leverage, and a derogation allowing a 50% own funds requirement for credit valuation adjustment risk of a CIU's derivative exposures, none of which appeared in the before text.
Cited: Art. 132a, v2 · Art. 132a, v1
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in force 2020-12-28 INSERTED§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
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in force 2019-06-27 INSERTED§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown (an inserted provision states its own application date only in prose)
Sources disagree about the kind of change — they agree this provision changed and disagree about how: the text comparison called it INSERTED, the EU's own amendment metadata called it MODIFIED and the amending act's instructions called it INSERTED. All are shown; none is overruled.
This provision is entirely new, adding Article 132a on approaches for calculating risk-weighted exposure amounts of CIUs, and the visible excerpt covers only paragraph 4, which directs EBA to develop draft regulatory technical standards specifying how institutions are to calculate the risk-weighted exposure amount referred to in paragraph 2 when some required inputs are unavailable.
The text sets a submission deadline of 28 March 2020 for EBA to send those draft standards to the Commission, and states that the Commission is empowered to adopt them under Articles 10 to 14 of Regulation (EU) No 1093/2010.
The provided text is truncated, showing only paragraph 4 of the new article, so earlier paragraphs of Article 132a are not shown.
Cited: Art. 132a, v2
text before / after, on the event page →