In any case, institutions should comply with this Directive as regards the coverage of the foreign-exchange risks on their overall business. Lower capital requirements should be imposed for positions in closely correlated currencies, whether statistically confirmed or arising out of binding intergovernmental agreements.
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New version applies from 28/04/2009.
45 provisions change.
Later versions: 07/12/2009, 04/01/2011, 01/01/2014.
Recital 20 changes in this version: compare with the current text.