What changes on 27/06/2019

The text in force from 26/04/2019 compared with the text from 27/06/2019, which includes the changes made by Regulation (EU) 2019/876 (CRR II).

Read the act as of 27/06/2019 · other versions: 28/06/2023 · 09/01/2024 · 09/07/2024 · 01/01/2025 · 29/06/2025 · 01/01/2026 · 26/06/2026 · 01/01/2027

Part I › Title I

• amended Article 1 - Scope
• amended Article 2 - Supervisory powers
• amended Article 4 - Definitions

Part I › Title II › Chapter 1

• amended Article 6 - General principles

Part I › Title II › Chapter 2 › Section 1

• inserted Article 12a - Consolidated calculation for G-SIIs with multiple resolution entities
• amended Article 11 - General treatment
• amended Article 13 - Application of disclosure requirements on a consolidated basis
• amended Article 14 - Application of requirements of Article 5 of Regulation (EU) 2017/2402 on a consolidated basis

Part I › Title II › Chapter 2 › Section 2

• amended Article 18 - Methods of prudential consolidation

Part II › Title I › Chapter 2 › Section 1

• amended Article 26 - Common Equity Tier 1 items
• amended Article 28 - Common Equity Tier 1 instruments

Part II › Title I › Chapter 2 › Section 2

• amended Article 33 - Cash flow hedges and changes in the value of own liabilities

Part II › Title I › Chapter 2 › Section 3 › Subsection 1

• amended Article 36 - Deductions from Common Equity Tier 1 items
• amended Article 37 - Deduction of intangible assets
• amended Article 39 - Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitability
• amended Article 45 - Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities

Part II › Title I › Chapter 2 › Section 3 › Subsection 2

• amended Article 49 - Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are applied

Part II › Title I › Chapter 3 › Section 1

• amended Article 52 - Additional Tier 1 instruments
• amended Article 54 - Write down or conversion of Additional Tier 1 instruments

Part II › Title I › Chapter 3 › Section 2

• amended Article 59 - Deduction of holdings of Additional Tier 1 instruments of financial sector entities

Part II › Title I › Chapter 4 › Section 1

• amended Article 62 - Tier 2 items
• amended Article 63 - Tier 2 instruments
• amended Article 64 - Amortisation of Tier 2 instruments

Part II › Title I › Chapter 4 › Section 2

• amended Article 66 - Deductions from Tier 2 items
• amended Article 69 - Deduction of holdings of Tier 2 instruments of financial sector entities

Part II › Title I › Chapter 5A › Section 1

• inserted Article 72a - Eligible liabilities items
• inserted Article 72b - Eligible liabilities instruments
• inserted Article 72c - Amortisation of eligible liabilities instruments
• inserted Article 72d - Consequences of the eligibility conditions ceasing to be met

Part II › Title I › Chapter 5A › Section 2

• inserted Article 72e - Deductions from eligible liabilities items
• inserted Article 72f - Deduction of holdings of own eligible liabilities instruments
• inserted Article 72g - Deduction base for eligible liabilities items
• inserted Article 72h - Deduction of holdings of eligible liabilities of other G-SII entities
• inserted Article 72i - Deduction of eligible liabilities where the institution does not have a significant investment in G-SII entities
• inserted Article 72j - Trading book exception from deductions from eligible liabilities items

Part II › Title I › Chapter 5A › Section 3

• inserted Article 72k - Eligible liabilities
• inserted Article 72l - Own funds and eligible liabilities

Part II › Title I › Chapter 6

• inserted Article 78a - Permission to reduce eligible liabilities instruments
• inserted Article 79a - Assessment of compliance with the conditions for own funds and eligible liabilities instruments
• amended Article 73 - Distributions on instruments
• amended Article 75 - Deduction and maturity requirements for short positions
• amended Article 76 - Index holdings of capital instruments
• amended Article 77 - Conditions for reducing own funds and eligible liabilities
• amended Article 78 - Supervisory permission to reduce own funds
• amended Article 79 - Temporary waiver from deduction from own funds and eligible liabilities
• amended Article 80 - Continuing review of the quality of own funds and eligible liabilities instruments

Part II › Title II

• amended Article 81 - Minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital
• amended Article 82 - Qualifying Additional Tier 1, Tier 1, Tier 2 capital and qualifying own funds
• amended Article 83 - Qualifying Additional Tier 1 and Tier 2 capital issued by a special purpose entity

Part III › Title I › Chapter 1 › Section 1

• inserted Article 92a - Requirements for own funds and eligible liabilities for G-SIIs
• inserted Article 92b - Requirement for own funds and eligible liabilities for non-EU G-SIIs
• amended Article 93 - Initial capital requirement on going concern

Part III › Title I › Chapter 3

• inserted Article 104b - Requirements for trading desk

Part III › Title II › Chapter 2 › Section 2

• inserted Article 132a - Approaches for calculating risk-weighted exposure amounts of CIUs
• amended Article 117 - Exposures to multilateral development banks
• amended Article 118 - Exposures to international organisations
• amended Article 119 - Exposures to institutions
• amended Article 124 - Exposures secured by mortgages on immovable property

Part III › Title II › Chapter 3 › Section 4 › Subsection 2

• amended Article 164 - Loss Given Default (LGD)

Part III › Title II › Chapter 6 › Section 5

• inserted Article 279a - Supervisory delta
• amended Article 277 - Transactions with a linear risk profile

Part III › Title IV › Chapter 1

• inserted Article 325a - Exemptions from specific reporting requirements for market risk
• inserted Article 325b - Permission for consolidated requirements
• amended Article 325 - Approaches for calculating the own funds requirements for market risk

Part III › Title IV › Chapter 1A › Section 1

• inserted Article 325c - Scope and structure of the alternative standardised approach

Part III › Title IV › Chapter 1A › Section 2

• inserted Article 325d - Definitions
• inserted Article 325e - Components of the sensitivities-based method
• inserted Article 325f - Own funds requirements for delta and vega risks
• inserted Article 325g - Own funds requirements for curvature risk
• inserted Article 325h - Aggregation of risk-class specific own funds requirements for delta, vega and curvature risks
• inserted Article 325i - Treatment of index instruments and multi-underlying options
• inserted Article 325j - Treatment of collective investment undertakings
• inserted Article 325k - Underwriting positions

Part III › Title IV › Chapter 1A › Section 3 › Subsection 1

• inserted Article 325l - General interest rate risk factors
• inserted Article 325m - Credit spread risk factors for non-securitisation
• inserted Article 325n - Credit spread risk factors for securitisation
• inserted Article 325o - Equity risk factors
• inserted Article 325p - Commodity risk factors
• inserted Article 325q - Foreign exchange risk factors

Part III › Title IV › Chapter 1A › Section 3 › Subsection 2

• inserted Article 325r - Delta risk sensitivities
• inserted Article 325s - Vega risk sensitivities
• inserted Article 325t - Requirements on sensitivity computations

Part III › Title IV › Chapter 1A › Section 4

• inserted Article 325u - Own funds requirements for residual risks

Part III › Title IV › Chapter 1A › Section 5 › Subsection 1

• inserted Article 325w - Gross jump-to-default amounts
• inserted Article 325x - Net jump-to-default amounts
• inserted Article 325y - Calculation of the own funds requirements for the default risk

Part III › Title IV › Chapter 1A › Section 5 › Subsection 2

• inserted Article 325aa - Calculation of the own funds requirement for the default risk for securitisations
• inserted Article 325z - Jump-to-default amounts

Part III › Title IV › Chapter 1A › Section 5

• inserted Article 325v - Definitions and general provisions

Part III › Title IV › Chapter 1A › Section 5 › Subsection 3

• inserted Article 325ab - Scope
• inserted Article 325ac - Jump-to-default amounts for the ACTP
• inserted Article 325ad - Calculation of the own funds requirements for the default risk for the ACTP

Part III › Title IV › Chapter 1A › Section 6 › Subsection 1

• inserted Article 325ae - Risk weights for general interest rate risk
• inserted Article 325af - Intra bucket correlations for general interest rate risk
• inserted Article 325ag - Correlations across buckets for general interest rate risk
• inserted Article 325ah - Risk weights for credit spread risk for non-securitisations
• inserted Article 325ai - Intra-bucket correlations for credit spread risk for non-securitisations
• inserted Article 325aj - Correlations across buckets for credit spread risk for non-securitisations
• inserted Article 325ak - Risk weights for credit spread risk for securitisations included in the ACTP
• inserted Article 325al - Correlations for credit spread risk for securitisations included in the ACTP
• inserted Article 325am - Risk weights for credit spread risk for securitisations not included in the ACTP
• inserted Article 325an - Intra-bucket correlations for credit spread risk for securitisations not included in the ACTP
• inserted Article 325ao - Correlations across buckets for credit spread risk for securitisations not included in the ACTP
• inserted Article 325ap - Risk weights for equity risk
• inserted Article 325aq - Intra-bucket correlations for equity risk
• inserted Article 325ar - Correlations across buckets for equity risk
• inserted Article 325as - Risk weights for commodity risk
• inserted Article 325at - Intra-bucket correlations for commodity risk
• inserted Article 325au - Correlations across buckets for commodity risk
• inserted Article 325av - Risk weights for foreign exchange risk
• inserted Article 325aw - Correlations for foreign exchange risk

Part III › Title IV › Chapter 1A › Section 6 › Subsection 2

• inserted Article 325ax - Vega and curvature risk weights
• inserted Article 325ay - Vega and curvature risk correlations

Part III › Title IV › Chapter 1B › Section 1

• inserted Article 325az - Alternative internal model approach and permission to use alternative internal models
• inserted Article 325ba - Own funds requirements when using alternative internal models

Part III › Title IV › Chapter 1B › Section 2

• inserted Article 325bb - Expected shortfall risk measure
• inserted Article 325bc - Partial expected shortfall calculations
• inserted Article 325bd - Liquidity horizons
• inserted Article 325be - Assessment of the modellability of risk factors
• inserted Article 325bf - Regulatory back-testing requirements and multiplication factors
• inserted Article 325bg - Profit and loss attribution requirement
• inserted Article 325bh - Requirements on risk measurement
• inserted Article 325bi - Qualitative requirements
• inserted Article 325bj - Internal validation
• inserted Article 325bk - Calculation of stress scenario risk measure

Part III › Title IV › Chapter 1B › Section 3

• inserted Article 325bl - Scope of the internal default risk model
• inserted Article 325bm - Permission to use an internal default risk model
• inserted Article 325bn - Own funds requirements for default risk using an internal default risk model
• inserted Article 325bo - Recognition of hedges in an internal default risk model
• inserted Article 325bp - Particular requirements for an internal default risk model

Part IV

• amended Article 390 - Calculation of the exposure value
• amended Article 391 - Definition of an institution for large exposures purposes
• amended Article 394 - Reporting requirements
• amended Article 395 - Limits to large exposures
• amended Article 396 - Compliance with large exposures requirements
• amended Article 403 - Substitution approach

Part VI › Title II

• amended Article 415 - Reporting obligation and reporting format
• amended Article 419 - Currencies with constraints on the availability of liquid assets

Part SEVENA

• inserted Article 430b - Specific reporting requirements for market risk
• inserted Article 430c - Feasibility report on the integrated reporting system
• amended Article 430 - Reporting on prudential requirements and financial information

Part VIII › Title I

• inserted Article 434a - Uniform disclosure formats
• amended Article 432 - Non-material, proprietary or confidential information

Part VIII › Title II

• amended Article 443 - Unencumbered assets

Part IX

• inserted Article 461a - Alternative standardised approach for market risk
• amended Article 460 - Liquidity
• amended Article 462 - Exercise of the delegation
• amended Article 464 - European Banking Committee

Part X › Title I › Chapter 1 › Section 3 › Subsection 1

• amended Article 471 - Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 Items
• amended Article 473 - Introduction of amendments to IAS 19

Part X › Title I › Chapter 4

• inserted Article 494a - Grandfathering of issuances through special purpose entities
• inserted Article 494b - Grandfathering of own funds instruments and eligible liabilities instruments
• inserted Article 501a - Adjustment to own funds requirements for credit risk for exposures to entities that operate or finance physical structures or facilities, systems and networks that provide or support essential public services
• inserted Article 501b - Derogation from reporting requirements
• amended Article 493 - Transitional provisions for large exposures
• amended Article 494 - Transitional provisions concerning the requirement for own funds and eligible liabilities
• amended Article 497 - Own funds requirements for exposures to CCPs
• amended Article 500 - Adjustment for massive disposals
• amended Article 501 - Capital requirements deduction for credit risk on exposures to SMEs

Part X › Title II

• inserted Article 501c - Prudential treatment of exposures related to environmental and/or social objectives
• inserted Article 504a - Holdings of eligible liabilities instruments
• inserted Article 518a - Review of cross-default provisions
• inserted Article 519b - Own funds requirements for market risk
• amended Article 507 - Large exposures
• amended Article 510 - Net Stable Funding Requirements
• amended Article 511 - Leverage
• amended Article 513 - Macroprudential rules
• amended Article 514 - Method for the calculation of the exposure value of derivative transactions

Part X › Title IIA

• inserted Article 519c - Compliance tool