in force 2019-01-01 INSERTED+1,353 −0§
Amended by Regulation (EU) 2017/2401 32017R2401 · Regulation (EU) 2019/876 32019R0876
applies from: unknown (an inserted provision states its own application date only in prose)
Sources disagree — the text comparison found this change; the EU's own amendment metadata does not list it. Both are shown; neither is overruled.
This is a new Article 270e, titled Securitisation mapping, which did not appear in the earlier version of the text.
It directs the EBA to draft implementing technical standards mapping credit quality steps to ECAI credit assessments, listing factors such as differentiating degrees of risk, considering quantitative and qualitative factors, and seeking equivalent credit risk treatment for positions sharing a risk weight, with submission to the Commission by 1 July 2014 and adoption power conferred under Article 15 of Regulation (EU) No 1093/2010.
Cited: Art. 270e, v2
text before / after
inserted text (02013R0575-20190101)
Article 270e Securitisation mapping The EBA shall develop draft implementing technical standards to map in an objective and consistent manner the credit quality steps set out in this Chapter relative to the relevant credit assessments of all ECAIs. For the purposes of this Article, the EBA shall in particular: (a) differentiate between the relative degrees of risk expressed by each assessment; (b) consider quantitative factors, such as default or loss rates and the historical performance of credit assessments of each ECAI across different asset classes; (c) consider qualitative factors such as the range of transactions assessed by the ECAI, its methodology and the meaning of its credit assessments in particular whether such assessments take into account expected loss or first Euro loss, and timely payment of interests or ultimate payment of interests; (d) seek to ensure that securitisation positions to which the same risk weight is applied on the basis of the credit assessments of ECAIs are subject to equivalent degrees of credit risk. The EBA shall submit those draft implementing technical standards to the Commission by 1 July 2014. Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph of this paragraph in accordance with Article 15 of Regulation (EU) No 1093/2010.