What changes on 27/06/2020

The text in force from 25/12/2019 compared with the text from 27/06/2020, which includes the changes made by Regulation (EU) 2020/873.

Read the act as of 27/06/2020 · 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 2 - Supervisory powers

Part I › Title II › Chapter 1

• amended Article 6 - General principles

Part I › Title II › Chapter 2 › Section 1

• amended Article 11 - General treatment

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

• amended Article 36 - Deductions from Common Equity Tier 1 items
• amended Article 39 - Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitability
• amended Article 47a - Non-performing exposures
• amended Article 47c - Deduction for non-performing exposures

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 5A › Section 2

• amended Article 72e - Deductions from eligible liabilities items

Part III › Title I › Chapter 1 › Section 1

• amended Article 93 - Initial capital requirement on going concern

Part III › Title II › Chapter 2 › Section 2

• amended Article 114 - Exposures to central governments or central banks
• amended Article 123 - Retail exposures
• amended Article 132a - Approaches for calculating risk-weighted exposure amounts of CIUs

Part III › Title II › Chapter 3 › Section 1

• amended Article 150 - Conditions for permanent partial use

Part III › Title II › Chapter 4 › Section 4 › Subsection 1

• amended Article 223 - Financial Collateral Comprehensive Method

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

• amended Article 235 - Calculating risk-weighted exposure amounts under the Standardised Approach
• amended Article 236 - Calculating risk-weighted exposure amounts and expected loss amounts under the IRB Approach

Part III › Title II › Chapter 5 › Section 3 › Subsection 1

• amended Article 248 - Exposure value
• amended Article 249 - Recognition of credit risk mitigation for securitisation positions

Part III › Title II › Chapter 5 › Section 3 › Subsection 2

• amended Article 255 - Determination of K IRB and K SA
• amended Article 257 - Determination of tranche maturity (M T )

Part III › Title II › Chapter 5 › Section 3 › Subsection 3

• amended Article 259 - Calculation of risk-weighted exposure amounts under the SEC-IRBA
• amended Article 261 - Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA)
• amended Article 263 - Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA)
• amended Article 264 - Treatment of STS securitisations under the SEC-ERBA

Part III › Title II › Chapter 5 › Section 3 › Subsection 5

• amended Article 269 - Re-securitisations

Part III › Title II › Chapter 6 › Section 5

• amended Article 279a - Supervisory delta

Part III › Title II › Chapter 6 › Section 6

• amended Article 284 - Exposure value

Part III › Title II › Chapter 6 › Section 9

• amended Article 308 - Own funds requirements for pre-funded contributions to the default fund of a QCCP
• amended Article 309 - Own funds requirements for pre-funded contributions to the default fund of a non-qualifying CCP and for unfunded contributions to a non-qualifying CCP
• amended Article 311 - Own funds requirements for exposures to CCPs that cease to meet certain conditions

Part III › Title III › Chapter 2

• amended Article 316 - Relevant indicator

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

• amended Article 325f - Own funds requirements for delta and vega risks
• amended Article 325h - Aggregation of risk-class specific own funds requirements for delta, vega and curvature risks

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

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

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

• amended 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

• amended Article 325af - Intra bucket correlations for general interest rate risk
• amended Article 325ag - Correlations across buckets for general interest rate risk
• amended Article 325ai - Intra-bucket correlations for credit spread risk for non-securitisations
• amended Article 325al - Correlations for credit spread risk for securitisations included in the ACTP
• amended Article 325an - Intra-bucket correlations for credit spread risk for securitisations not included in the ACTP
• amended Article 325ao - Correlations across buckets for credit spread risk for securitisations not included in the ACTP
• amended Article 325aq - Intra-bucket correlations for equity risk
• amended Article 325at - Intra-bucket correlations for commodity risk

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

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

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

• amended Article 325bb - Expected shortfall risk measure
• amended Article 325bc - Partial expected shortfall calculations
• amended Article 325bd - Liquidity horizons
• amended Article 325bf - Regulatory back-testing requirements and multiplication factors
• amended Article 325bh - Requirements on risk measurement

Part III › Title IV › Chapter 5 › Section 2

• amended Article 366 - Regulatory back testing and multiplication factors

Part III › Title VI

• amended Article 384 - Standardised method

Part VI › Title II

• amended Article 415 - Reporting obligation and reporting format

Part VII

• amended Article 429b - Counterparty credit risk add-on for repurchase transactions, securities or commodities lending or borrowing transactions, long settlement transactions and margin lending transactions

Part SEVENA

• amended Article 430 - Reporting on prudential requirements and financial information

Part IX

• amended Article 462 - Exercise of the delegation
• amended Article 464 - European Banking Committee

Part X › Title I › Chapter 1 › Section 2

• amended Article 468 - Temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income in view of the COVID-19 pandemic
• deleted Article 467 - Unrealised losses measured at fair value last in force on the version of 25/12/2019

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

• amended Article 473a - Introduction of IFRS 9

Part X › Title I › Chapter 4

• inserted Article 500a - Temporary treatment of public debt issued in the currency of another Member State
• inserted Article 500b - Temporary exclusion of certain exposures to central banks from the total exposure measure in view of the COVID-19 pandemic
• inserted Article 500c - Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemic
• inserted Article 500d - Temporary calculation of the exposure value of regular-way purchases and sales awaiting settlement in view of the COVID-19 pandemic
• amended Article 493 - Transitional provisions for large exposures
• amended Article 495 - Treatment of equity exposures under the IRB Approach
• amended Article 496 - Own funds requirements for covered bonds
• amended Article 501 - Adjustment of risk-weighted non-defaulted SME exposures
• amended 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

Part X › Title II

• inserted Article 518b - Report on overshootings and supervisory powers to limit distributions
• amended Article 514 - Method for the calculation of the exposure value of derivative transactions

Part X › Title III

• amended Article 520 - Amendment of Regulation (EU) No 648/2012

Part XI

• amended Article 521 - Entry into force and date of application