Art. 381

Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex

Meaning of credit valuation adjustment

3 changes recorded across 3 events, newest first.

in force 2025-01-01 MODIFIED+336 −0§

Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795

applies from: unchanged

The provision retains its original definition of credit valuation adjustment and adds a new paragraph defining CVA risk as the risk of losses from changes in CVA value, calculated for the portfolio of transactions with a counterparty as described in the first paragraph, due to movements in counterparty credit spread risk factors and other risk factors embedded in that portfolio.

Cited: Art. 381, v2

text before / after

02013R0575-20240709 → 02013R0575-20250101

Article 381 Meaning of credit valuation adjustment For the purposes of this Title and Chapter 6 of Title II, credit valuation adjustment or CVA means an adjustment to the mid-market valuation of the portfolio of transactions with a counterparty. That adjustment reflects the current market value of the credit risk of the counterparty to the institution, but does not reflect the current market value of the credit risk of the institution to the counterparty.For the purposes of this Title, CVA risk means the risk of losses arising from changes in the value of CVA, calculated for the portfolio of transactions with a counterparty as set out in the first paragraph, due to movements in counterparty credit spread risk factors and in other risk factors embedded in the portfolio of transactions.

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 →

detected 2026-08-13 MODIFIED§

no amending act named

applies from: unchanged

The heading and the first use of the term within the body text change from title case ('Credit Valuation Adjustment') to lower case ('credit valuation adjustment'), while the rest of the wording is unchanged.

Cited: Art. 381, v1 · Art. 381, v2

text before / after, on the event page →