It is necessary to develop common standards for market risks incurred by credit institutions and provide a complementary framework for the supervision of the risks incurred by institutions, in particular market risks, and more especially position risks, counterparty/settlement risks and foreign-exchange risks.
◷
New version applies from 01/01/2014 — introduced by Capital Requirements Directive.
109 provisions change.
Recital 16 is deleted from 01/01/2014.