in force 2021-06-28 MODIFIED+1,069 −1,855§
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
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 heading and article title change from "Credit risk adjustments" to "Disclosure of exposures to credit risk and dilution risk", and the introductory sentence now refers to the institutions' own exposures rather than the institution's exposure.
The list of required disclosures is substantially rewritten and shortened, replacing the former points (a) through (i), including the detailed geographic, industry, maturity and reconciliation breakdowns and the sub-items under points (g) and (i), with a new set of points (a) through (g) covering scope and definitions, performing/non-performing/forborne exposure information, an ageing analysis, gross carrying amounts and their distribution, changes in defaulted exposures, and a maturity breakdown of loans and debt securities.
The separate closing statement on specific credit risk adjustments and recoveries recorded directly to the income statement, present in the earlier text, no longer appears in the later text.
Cited: Art. 442, v1 · Art. 442, v2
text before / after
texts differ too much for an inline diff; shown separately
before (02013R0575-20201228)
Article 442 Credit risk adjustments Institutions shall disclose the following information regarding the institution's exposure to credit risk and dilution risk: (a) the definitions for accounting purposes of past due and impaired; (b) a description of the approaches and methods adopted for determining specific and general credit risk adjustments; (c) the total amount of exposures after accounting offsets and without taking into account the effects of credit risk mitigation, and the average amount of the exposures over the period broken down by different types of exposure classes; (d) the geographic distribution of the exposures, broken down in significant areas by material exposure classes, and further detailed if appropriate; (e) the distribution of the exposures by industry or counterparty type, broken down by exposure classes, including specifying exposure to SMEs, and further detailed if appropriate; (f) the residual maturity breakdown of all the exposures, broken down by exposure classes, and further detailed if appropriate; (g) by significant industry or counterparty type, the amount of: (i) impaired exposures and past due exposures, provided separately; (ii) specific and general credit risk adjustments; (iii) charges for specific and general credit risk adjustments during the reporting period; (h) the amount of the impaired exposures and past due exposures, provided separately, broken down by significant geographical areas including, if practical, the amounts of specific and general credit risk adjustments related to each geographical area; (i) the reconciliation of changes in the specific and general credit risk adjustments for impaired exposures, shown separately. The information shall comprise: (i) a description of the type of specific and general credit risk adjustments; (ii) the opening balances; (iii) the amounts taken against the credit risk adjustments during the reporting period; (iv) the amounts set aside or reversed for estimated probable losses on exposures during the reporting period, any other adjustments including those determined by exchange rate differences, business combinations, acquisitions and disposals of subsidiaries, and transfers between credit risk adjustments; (v) the closing balances. Specific credit risk adjustments and recoveries recorded directly to the income statement shall be disclosed separately.
after (02013R0575-20210629)
Article 442 Disclosure of exposures to credit risk and dilution risk Institutions shall disclose the following information regarding their exposures to credit risk and dilution risk: (a) the scope and definitions that they use for accounting purposes of past due and impaired and the differences, if any, between the definitions of past due and default for accounting and regulatory purposes; (b) a description of the approaches and methods adopted for determining specific and general credit risk adjustments; (c) information on the amount and quality of performing, non-performing and forborne exposures for loans, debt securities and off-balance-sheet exposures, including their related accumulated impairment, provisions and negative fair value changes due to credit risk and amounts of collateral and financial guarantees received; (d) an ageing analysis of accounting past due exposures; (e) the gross carrying amounts of both defaulted and non-defaulted exposures, the accumulated specific and general credit risk adjustments, the accumulated write-offs taken against those exposures and the net carrying amounts and their distribution by geographical area and industry type and for loans, debt securities and off-balance-sheet exposures; (f) any changes in the gross amount of defaulted on- and off-balance-sheet exposures, including, as a minimum, information on the opening and closing balances of those exposures, the gross amount of any of those exposures reverted to non-defaulted status or subject to a write-off; (g) the breakdown of loans and debt securities by residual maturity.