Art. 226
Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex
Scaling up of volatility adjustment under the Financial Collateral Comprehensive Method
4 changes recorded across 4 events, newest first.
in force 2025-01-01 MODIFIED+21 −227§
Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795
applies from: unchanged
The sentence describing that institutions using their own estimates under Article 225 must first calculate volatility adjustments on the basis of daily revaluation has been removed.
The remaining text on scaling up volatility adjustments for less-than-daily revaluation and the formula's defined terms is otherwise the same, aside from minor formatting differences in how the variable definitions are presented.
Cited: Art. 226, v1 · Art. 226, v2
text before / after
02013R0575-20240709 → 02013R0575-20250101
Article 226
Scaling up of volatility adjustment under the Financial Collateral Comprehensive Method
The volatility adjustments set out in Article 224 are the volatility adjustments an institution shall apply where there is daily revaluation. Similarly, where an institution uses its own estimates of the volatility adjustments in accordance with Article 225, it shall calculate them in the first instance on the basis of daily revaluation. Where the frequency of revaluation is less than daily, institutions shall apply larger volatility adjustments. Institutions shall calculate them by scaling up the daily revaluation volatility adjustments, using the following square-root-of-time formula:HHM NRTM 1TM formula:
where:
H
= the volatility adjustment to be applied;
HM
= the volatility voatility adjustment where there is daily revaluation;
NR
= the actual number of business days between revaluations;
TM
= the liquidation period for the type of transaction in question.
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`.
text before / after, on the event page →
in force 2015-01-18 MODIFIED§
Amended by Regulation (EU) 2015/62 32015R0062 · Regulation (EU) 2018/405 32018R0405
applies from: unchanged
Sources disagree — the text comparison found this change; the EU's own amendment metadata does not list it. Both are shown; neither is overruled.
The square-root-of-time formula for scaling up the volatility adjustment is rendered differently between the two texts, with the earlier version showing it with clearer mathematical notation and spacing while the later version presents the same variables run together without the formatting.
The surrounding descriptive text and the definitions of H, HM, NR, and TM remain the same in both versions.
Cited: Art. 226, v1 · Art. 226, v2
text before / after, on the event page →
detected 2026-08-13 MODIFIED§
no amending act named
applies from: unchanged
The heading now capitalizes "Method" as part of the title, whereas the earlier version used a lowercase "method".
The body text of the article is otherwise unchanged, aside from a formatting adjustment adding a line break before the list of variable definitions.
Cited: Art. 226, v1 · Art. 226, v2
text before / after, on the event page →