in force 2021-06-28 MODIFIED+378 −214§
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 article heading changes from 'Use of ECAIs' to 'Disclosure of the use of the Standardised Approach', and the introductory sentence rephrases the cross-reference to Chapter 2 of Title II of Part Three and to Article 112.
Point (a) adds wording specifying that the reasons for changes relate to nominations made over the disclosure period, and point (c) replaces the phrase 'credit assessments' with 'credit ratings'.
Point (d) now refers to risk weights that correspond to the credit quality steps rather than only to the credit quality steps, and point (e) adds the qualifier 'by exposure class' to the description of exposure values associated with each credit quality step.
Cited: Art. 444, v1 · Art. 444, v2
text before / after
02013R0575-20201228 → 02013R0575-20210629
Article 444
Use Disclosure of ECAIs
For institutions the use of the Standardised Approach
Institutions calculating the their risk-weighted exposure amounts in accordance with Chapter 2 of Title II of Part Three, Title II, Chapter 2, Three shall disclose the following information shall be disclosed for each of the exposure classes specified set out in Article 112:
(a) the names of the nominated ECAIs and ECAs and the reasons for any changes; changes in those nominations over the disclosure period;
(b) the exposure classes for which each ECAI or ECA is used;
(c) a description of the process used to transfer the issuer and issue credit assessments ratings onto items not included in the trading book;
(d) the association of the external rating of each nominated ECAI or ECA with the risk weights that correspond to the credit quality steps prescribed as set out in Chapter 2 of Title II of Part Three, Title II, Chapter 2, taking into account that this it is not necessary to disclose that information needs not be disclosed if where the institution complies institutions comply with the standard association published by EBA;
(e) the exposure values and the exposure values after credit risk mitigation associated with each credit quality step prescribed as set out in Chapter 2 of Title II of Part Three, Title II, Chapter 2 by exposure class, as well as those the exposure values deducted from own funds.