Question
We found possible inconsistency in CRR texts related to required stable funding for level 2B securitisations notably articles 428z and 428ab
Background on the question
We found possible inconsistency in CRR texts related to required stable funding for level 2B securitisations. See below: Article 428z 25 % required stable funding factor Unencumbered level 2B securitisations pursuant to the delegated act referred to in Article 460(1) shall be subject to a 25 % required stable funding factor, regardless of whether they comply with the operational requirements and with the requirements on the composition of the liquidity buffer as set out in that delegated act. Article 428ab 35 % required stable funding factor The following assets shall be subject to a 35 % required stable funding factor: (a) unencumbered level 2B securitisations pursuant to the delegated act referred to in Article 460(1), regardless of whether they comply with the operational requirements and with the requirements on the composition of the liquidity buffer as set out in that delegated act. (b) … Obviously the text in bold refers to exactly the same positions that have to receive different stable funding factors which is legally not feasible.
Answer
This question has been rejected because the issue it deals with is already explained or addressed in Articles 428ab and 428z of Regulation (EU) No 575/2013 (CRR).For further information on the purpose of this tool and on how to submit questions, please see “Additional background and guidance for asking questions”