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 04/01/2011 — introduced by Commission Directive 2009/27/EC, Directive 2010/76/EU (CRD), Directive 2010/78/EU.
61 provisions change.
Later versions: 01/01/2014.
Recital 20 changes in this version: compare with the current text.