The provisions of this Directive respect the principle of proportionality, having regard in particular to the diversity in size and scale of operations and to the range of activities of credit institutions. Respect of the principle of proportionality also means that the simplest possible rating procedures, even in the Internal Ratings Based Approach (‘IRB Approach’), are recognised for retail exposures.
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New version applies from 01/01/2014 — introduced by Capital Requirements Directive.
257 provisions change.
Recital 41 is deleted from 01/01/2014.