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New version applies from 20/03/2008 — introduced by Directive 2008/23/EC. 89 provisions change. Later versions: 28/04/2009, 07/12/2009, 04/01/2011, 01/01/2014. Recital 16 changes in this version: compare with the current text.

Recital 16

Recital 16

(16)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.

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