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ARTICLE · 18 JULY 2014

Final Draft Standards Under CRR

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The European Banking Authority published final draft standards for consideration for adoption by the European Commission.

European UnionFinance and Banking
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The European Banking Authority ("EBA") published final draft standards for consideration for adoption by the European Commission. The final draft standards, required under the Capital Requirements Regulation ("CRR"), are:

  • RTS on the minimum margin periods of risk ("MPOR") that a financial institution, acting as a clearing member of a central counterparty, may use to calculate its capital requirements for exposure to clients under the CRR. MPOR can be used by firms using the internal model method and those using other methods - mark-to-market, standardized method or original exposure method. The RTS specify MPOR differently for different asset classes to derivatives.
  • RTS on the conditions for assessing the materiality of extensions and changes of internal approaches when calculating own funds requirements for market risk. The RTS will supplement the standards for credit and operational risk published in the Official Journal of the European Union on 20 May 2014.

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