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New version applies from 01/01/2014 — introduced by Capital Requirements Directive. 109 provisions change. Recital 20 is deleted from 01/01/2014.

Recital 20

Comparing 07/12/2009 → 04/01/2011: 0 added, 0 removed, 0 changed Close comparison

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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