Question
Could you please advise what risk weight/treatments should be applied to International Organisations that are not included in Article 118 of Regulation (EU) No 575/2013 (CRR)?
Background on the question
CRR unclear.
Answer
Exposures to international organisations not included in the exhaustive list of Article 118 of Regulation (EU) No 575/2013 (CRR) shall be treated as exposures to corporates (Article 122). In case of intergovernmental organisations where the participating sovereigns provide guarantees these can be taken into account conform the requirements laid down in Part Three Chapter 4 ('Credit Risk mitigation') of the CRR. DISCLAIMER: This question goes beyond matters of consistent and effective application of the regulatory framework. A Directorate General of the Commission (Directorate General for Internal Market and Services) has prepared the answer, albeit that only the Court of Justice of the European Union can provide definitive interpretations of EU legislation. This is an unofficial opinion of that Directorate General, which the European Banking Authority publishes on its behalf. The answers are not binding on the European Commission as an institution. You should be aware that the European Commission could adopt a position different from the one expressed in such Q&As, for instance in infringement proceedings or after a detailed examination of a specific case or on the basis of any new legal or factual elements that may have been brought to its attention.