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ARTICLE · 01 JULY 2015

EU Technical Standards On Extensions And Changes To Internal Approaches Consolidated

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On June 19, 2015, a regulation amending the RTS on assessing the materiality of extensions and changes of internal approaches when calculating own funds requirements for market risk was published in the Official Journal of the European Union.

European UnionFinance and Banking
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On June 19, 2015, a regulation amending the RTS on assessing the materiality of extensions and changes of internal approaches when calculating own funds requirements for market risk was published in the Official Journal of the European Union. The amending regulation adds standards to the original RTS on the conditions for assessing materiality of extensions and changes to Internal Model approaches used for the calculation of own funds requirements for market risk. The amendments mean that all of the provisions regulating extensions and changes to internal approaches are set out in a single legal text. The original RTS only included provisions for the Internal Rating Based Approach and the Advanced Measurement Approaches used for calculating capital requirements for credit and operational risk. The amending regulation enters into force on July 9, 2015.

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