What changes on 29/06/2021

The text in force from 28/12/2020 compared with the text from 29/06/2021, which includes the changes made by Regulation (EU) 2019/876 (CRR II), IFR Regulation, Regulation (EU) 2020/873, Regulation (EU) 2021/558.

Read the act as of 29/06/2021 · 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
• amended Article 4 - Definitions

Part I › Title II › Chapter 1

• amended Article 6 - General principles
• amended Article 8 - Derogation from the application of liquidity requirements on an individual basis
• amended Article 10 - Waiver for credit institutions permanently affiliated to a central body

Part I › Title II › Chapter 2 › Section 1

• inserted Article 10a - Application of prudential requirements on a consolidated basis where investment firms are parent undertakings
• amended Article 11 - General treatment
• deleted Article 15 - Derogation from the application of own funds requirements on a consolidated basis for groups of investment firms last in force on the version of 28/12/2020
• deleted Article 16 - Derogation from the application of the leverage ratio requirements on a consolidated basis for groups of investment firms last in force on the version of 28/12/2020
• deleted Article 17 - Supervision of investment firms waived from the application of own funds requirements on a consolidated basis last in force on the version of 28/12/2020

Part I › Title II › Chapter 2 › Section 3

• amended Article 22 - Sub-consolidation in case of entities in third countries

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

• amended Article 36 - Deductions from Common Equity Tier 1 items

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 1

• amended Article 72a - Eligible liabilities items

Part II › Title II

• inserted Article 88a - Qualifying eligible liabilities instruments
• 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 84 - Minority interests included in consolidated Common Equity Tier 1 capital
• amended Article 85 - Qualifying Tier 1 instruments included in consolidated Tier 1 capital
• amended Article 87 - Qualifying own funds included in consolidated own funds

Part III › Title I › Chapter 1 › Section 1

• amended Article 92 - Own funds requirements
• amended Article 93 - Initial capital requirement on going concern
• amended Article 94 - Derogation for small trading book business

Part III › Title I › Chapter 3

• amended Article 102 - Requirements for the trading book
• amended Article 103 - Management of the trading book
• amended Article 104 - Inclusion in the trading book
• amended Article 105 - Requirements for prudent valuation

Part III › Title II › Chapter 1

• amended Article 107 - Approaches to credit risk

Part III › Title II › Chapter 2 › Section 2

• inserted Article 132b - Exclusions from the approaches for calculating risk-weighted exposure amounts of CIUs
• inserted Article 132c - Treatment of off-balance-sheet exposures to CIUs
• amended Article 119 - Exposures to institutions
• amended Article 128 - Items associated with particular high risk
• amended Article 132 - Own funds requirements for exposures in the form of units or shares in CIUs
• amended Article 132a - Approaches for calculating risk-weighted exposure amounts of CIUs

Part III › Title II › Chapter 3 › Section 1

• amended Article 144 - Competent authorities' assessment of an application to use an IRB Approach

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

• amended Article 152 - Treatment of exposures in the form of units or shares in CIUs

Part III › Title II › Chapter 3 › Section 3

• amended Article 158 - Treatment by exposure type

Part III › Title II › Chapter 3 › Section 4 › Subsection 1

• amended Article 162 - Maturity

Part III › Title II › Chapter 4 › Section 2 › Subsection 1

• amended Article 197 - Eligibility of collateral under all approaches and methods
• amended Article 200 - Other funded credit protection

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

• amended Article 201 - Eligibility of protection providers under all approaches
• amended Article 202 - Eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Article 153(3)

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

• amended Article 223 - Financial Collateral Comprehensive Method
• amended Article 224 - Supervisory volatility adjustment under the Financial Collateral Comprehensive Method
• amended Article 227 - Conditions for applying a 0 % volatility adjustment under the Financial Collateral Comprehensive Method

Part III › Title II › Chapter 5 › Section 1

• amended Article 242 - Definitions
• amended Article 243 - Criteria for STS securitisations qualifying for differentiated capital treatment

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

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

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

• inserted Article 269a - Treatment of non-performing exposures (NPE) securitisations
• amended Article 270 - Senior positions in STS on-balance sheet securitisations

Part III › Title II › Chapter 6 › Section 1

• amended Article 272 - Definitions

Part III › Title II › Chapter 6 › Section 2

• inserted Article 273a - Conditions for using simplified methods for calculating the exposure value
• inserted Article 273b - Non-compliance with the conditions for using simplified methods for calculating the exposure value of derivatives
• amended Article 273 - Methods for calculating the exposure value

Part III › Title II › Chapter 6 › Section 3

• inserted Article 277a - Hedging sets
• inserted Article 279b - Adjusted notional amount
• inserted Article 279c - Maturity Factor
• inserted Article 280a - Interest rate risk category add-on
• inserted Article 280b - Foreign exchange risk category add-on
• inserted Article 280c - Credit risk category add-on
• inserted Article 280d - Equity risk category add-on
• inserted Article 280e - Commodity risk category add-on
• inserted Article 280f - Other risks category add-on
• amended Article 274 - Exposure value
• amended Article 275 - Replacement cost
• amended Article 276 - Recognition and treatment of collateral
• amended Article 277 - Mapping of transactions to risk categories
• amended Article 278 - Potential future exposure
• amended Article 279 - Calculation of the risk position
• amended Article 279a - Supervisory delta
• amended Article 280 - Hedging set supervisory factor coefficient

Part III › Title II › Chapter 6 › Section 4

• amended Article 281 - Calculation of the exposure value

Part III › Title II › Chapter 6 › Section 5

• amended Article 282 - Calculation of the exposure value

Part III › Title II › Chapter 6 › Section 6

• amended Article 283 - Permission to use the Internal Model Method

Part III › Title II › Chapter 6 › Section 7

• amended Article 298 - Effects of recognition of netting as risk-reducing

Part III › Title II › Chapter 6 › Section 8

• amended Article 299 - Items in the trading book

Part III › Title II › Chapter 6 › Section 9

• amended Article 300 - Definitions
• amended Article 301 - Material scope
• amended Article 302 - Monitoring of exposures to CCPs
• amended Article 303 - Treatment of clearing members' exposures to CCPs
• amended Article 304 - Treatment of clearing members' exposures to clients
• amended Article 305 - Treatment of clients' exposures
• amended Article 306 - Own funds requirements for trade exposures
• amended Article 307 - Own funds requirements for contributions to the default fund of a CCP
• 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 310 - Own funds requirements for unfunded contributions to the default fund of a QCCP
• 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 1B › Section 2

• amended Article 325bd - Liquidity horizons

Part III › Title VI

• amended Article 382 - Scope
• amended Article 384 - Standardised method
• amended Article 385 - Alternative to using CVA methods for calculating own funds requirements

Part IV

• amended Article 390 - Calculation of the exposure value
• amended Article 392 - Definition of a large exposure
• amended Article 394 - Reporting requirements
• amended Article 395 - Limits to large exposures
• amended Article 396 - Compliance with large exposures requirements
• amended Article 397 - Calculating additional own funds requirements for large exposures in the trading book
• amended Article 399 - Eligible credit mitigation techniques
• amended Article 400 - Exemptions
• amended Article 401 - Calculating the effect of the use of credit risk mitigation techniques
• amended Article 402 - Exposures arising from mortgage lending
• amended Article 403 - Substitution approach
• deleted Article 388 - Negative Scope last in force on the version of 28/12/2020

Part VI › Title I

• amended Article 411 - Definitions
• amended Article 412 - Liquidity coverage requirement
• amended Article 413 - Stable funding requirement
• amended Article 414 - Compliance with liquidity requirements

Part VI › Title II

• amended Article 415 - Reporting obligation and reporting format
• amended Article 416 - Reporting on liquid assets
• amended Article 419 - Currencies with constraints on the availability of liquid assets
• amended Article 422 - Outflows on other liabilities
• amended Article 423 - Additional outflows
• amended Article 424 - Outflows from credit and liquidity facilities
• amended Article 425 - Inflows

Part VI › Title IV › Chapter 1

• inserted Article 428a - Application on a consolidated basis
• inserted Article 428b - The net stable funding ratio

Part VI › Title IV › Chapter 2

• inserted Article 428c - Calculation of the net stable funding ratio
• inserted Article 428d - Derivative contracts
• inserted Article 428e - Netting of secured lending transactions and capital market-driven transactions
• inserted Article 428f - Interdependent assets and liabilities
• inserted Article 428g - Deposits in institutional protection schemes and cooperative networks
• inserted Article 428h - Preferential treatment within a group or within an institutional protection scheme

Part VI › Title IV › Chapter 3 › Section 1

• inserted Article 428i - Calculation of the amount of available stable funding
• inserted Article 428j - Residual maturity of a liability or of own funds

Part VI › Title IV › Chapter 3 › Section 2

• inserted Article 428k - 0 % available stable funding factor
• inserted Article 428l - 50 % available stable funding factor
• inserted Article 428m - 90 % available stable funding factor
• inserted Article 428n - 95 % available stable funding factor
• inserted Article 428o - 100 % available stable funding factor

Part VI › Title IV › Chapter 4 › Section 1

• inserted Article 428p - Calculation of the amount of required stable funding
• inserted Article 428q - Residual maturity of an asset

Part VI › Title IV › Chapter 4 › Section 2

• inserted Article 428aa - 30 % required stable funding factor
• inserted Article 428ab - 35 % required stable funding factor
• inserted Article 428ac - 40 % required stable funding factor
• inserted Article 428ad - 50 % required stable funding factor
• inserted Article 428ae - 55 % required stable funding factor
• inserted Article 428af - 65 % required stable funding factor
• inserted Article 428ag - 85 % required stable funding factor
• inserted Article 428ah - 100 % required stable funding factor
• inserted Article 428r - 0 % required stable funding factor
• inserted Article 428s - 5 % required stable funding factor
• inserted Article 428t - 7 % required stable funding factor
• inserted Article 428u - 7,5 % required stable funding factor
• inserted Article 428v - 10 % required stable funding factor
• inserted Article 428w - 12 % required stable funding factor
• inserted Article 428x - 15 % required stable funding factor
• inserted Article 428y - 20 % required stable funding factor
• inserted Article 428z - 25 % required stable funding factor

Part VI › Title IV › Chapter 5

• inserted Article 428ai - Derogation for small and non-complex institutions

Part VI › Title IV › Chapter 6 › Section 1

• inserted Article 428aj - Simplified calculation of the amount of available stable funding
• inserted Article 428ak - Residual maturity of a liability or own funds

Part VI › Title IV › Chapter 6 › Section 2

• inserted Article 428al - 0 % available stable funding factor
• inserted Article 428am - 50 % available stable funding factor
• inserted Article 428an - 90 % available stable funding factor
• inserted Article 428ao - 95 % available stable funding factor
• inserted Article 428ap - 100 % available stable funding factor

Part VI › Title IV › Chapter 7 › Section 1

• inserted Article 428aq - Simplified calculation of the amount of required stable funding
• inserted Article 428ar - Residual maturity of an asset

Part VI › Title IV › Chapter 7 › Section 2

• inserted Article 428as - 0 % required stable funding factor
• inserted Article 428at - 5 % required stable funding factor
• inserted Article 428au - 10 % required stable funding factor
• inserted Article 428av - 20 % required stable funding factor
• inserted Article 428aw - 50 % required stable funding factor
• inserted Article 428ax - 55 % required stable funding factor
• inserted Article 428ay - 85 % required stable funding factor
• inserted Article 428az - 100 % required stable funding factor

Part VII

• inserted Article 429c - Calculation of the exposure value of derivatives
• inserted Article 429d - Additional provisions on the calculation of the exposure value of written credit derivatives
• inserted Article 429e - Counterparty credit risk add-on for securities financing transactions
• inserted Article 429f - Calculation of the exposure value of off-balance-sheet items
• inserted Article 429g - Calculation of the exposure value of regular-way purchases and sales awaiting settlement
• amended Article 429 - Calculation of the leverage ratio
• amended Article 429a - Exposures excluded from the total exposure measure
• amended Article 429b - Calculation of the exposure value of assets

Part SEVENA

• inserted Article 430a - Specific reporting obligations
• amended Article 430 - Reporting on prudential requirements and financial information

Part VIII › Title I

• inserted Article 433a - Disclosures by large institutions
• inserted Article 433b - Disclosures by small and non-complex institutions
• inserted Article 433c - Disclosures by other institutions
• amended Article 431 - Disclosure requirements and policies
• amended Article 432 - Non-material, proprietary or confidential information
• amended Article 433 - Frequency and scope of disclosures
• amended Article 434 - Means of disclosures

Part VIII › Title II

• inserted Article 437a - Disclosure of own funds and eligible liabilities
• inserted Article 449a - Disclosure of environmental, social and governance risks (ESG risks)
• inserted Article 451a - Disclosure of liquidity requirements
• amended Article 435 - Disclosure of risk management objectives and policies
• amended Article 436 - Disclosure of the scope of application
• amended Article 437 - Disclosure of own funds
• amended Article 438 - Disclosure of own funds requirements and risk-weighted exposure amounts
• amended Article 439 - Disclosure of exposures to counterparty credit risk
• amended Article 440 - Disclosure of countercyclical capital buffers
• amended Article 441 - Disclosure of indicators of global systemic importance
• amended Article 442 - Disclosure of exposures to credit risk and dilution risk
• amended Article 443 - Disclosure of encumbered and unencumbered assets
• amended Article 444 - Disclosure of the use of the Standardised Approach
• amended Article 445 - Disclosure of exposure to market risk
• amended Article 446 - Disclosure of operational risk management
• amended Article 447 - Disclosure of key metrics
• amended Article 448 - Disclosure of exposures to interest rate risk on positions not held in the trading book
• amended Article 449 - Disclosure of exposures to securitisation positions
• amended Article 450 - Disclosure of remuneration policy
• amended Article 451 - Disclosure of the leverage ratio

Part VIII › Title III

• amended Article 452 - Disclosure of the use of the IRB Approach to credit risk
• amended Article 453 - Disclosure of the use of credit risk mitigation techniques
• amended Article 454 - Disclosure of the use of the Advanced Measurement Approaches to operational risk
• amended Article 455 - Use of internal market risk models

Part IX

• amended Article 456 - Delegated acts
• amended Article 457 - Technical adjustments and corrections
• amended Article 464 - European Banking Committee

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

• amended Article 473 - Introduction of amendments to IAS 19

Part X › Title I › Chapter 4

• inserted Article 494c - Grandfathering of senior securitisation positions
• amended Article 493 - Transitional provisions for large exposures
• amended Article 499 - Leverage
• amended Article 501 - Adjustment of risk-weighted non-defaulted SME exposures

Part X › Title II

• inserted Article 506a - CIUs with an underlying portfolio of euro area sovereign bonds
• inserted Article 506b - NPE securitisations
• amended Article 501c - Prudential treatment of exposures related to environmental and/or social objectives
• amended Article 508 - Level of application
• amended Article 514 - Method for the calculation of the exposure value of derivative transactions
• amended Article 519a - Reporting and review

Outside any heading

• amended Preamble
• amended Annex I - Classification of off-balance sheet items
• amended Annex II - Types of derivatives
• amended Annex III - Items subject to supplementary reporting of liquid assets

Part III › Title I › Chapter 2

• deleted Article 99 - Reporting on own funds requirements and financial information last in force on the version of 28/12/2020
• deleted Article 100 - Additional reporting requirements last in force on the version of 28/12/2020
• deleted Article 101 - Specific reporting obligations last in force on the version of 28/12/2020