(48)The development of common standards for own funds in relation to assets and off-balance-sheet items exposed to credit risk is, accordingly, an essential aspect of the harmonisation necessary for the achievement of the mutual recognition of supervision techniques and thus the completion of the internal banking market.
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New version applies from 20/07/2006 — introduced by Directive 2006/48/EC (CRD).
144 provisions change.
Recital 48 is deleted from 20/07/2006.