Capital Requirements Regulation (CRR)

Preamble

• amended Preamble

Recitals

• amended Recital 1
• amended Recital 2
• amended Recital 3
• amended Recital 4
• amended Recital 5
• amended Recital 6
• amended Recital 7
• amended Recital 8
• amended Recital 9
• amended Recital 10
• amended Recital 11
• amended Recital 12
• amended Recital 13
• amended Recital 14
• amended Recital 15
• amended Recital 16
• amended Recital 17
• amended Recital 18
• amended Recital 19
• amended Recital 20
• amended Recital 21
• amended Recital 22
• amended Recital 23
• amended Recital 24
• amended Recital 25
• amended Recital 26
• amended Recital 27
• amended Recital 28
• amended Recital 29
• amended Recital 30
• amended Recital 31
• amended Recital 32
• amended Recital 33
• amended Recital 34
• amended Recital 35
• amended Recital 36
• amended Recital 37
• amended Recital 38
• amended Recital 39
• amended Recital 40
• amended Recital 41
• amended Recital 42
• amended Recital 43
• amended Recital 44
• amended Recital 45
• amended Recital 46
• amended Recital 47
• amended Recital 48
• amended Recital 49
• amended Recital 50
• amended Recital 51
• amended Recital 52
• amended Recital 53
• amended Recital 54
• amended Recital 55
• amended Recital 56
• amended Recital 57
• amended Recital 58
• amended Recital 59
• amended Recital 60
• amended Recital 61
• amended Recital 62
• amended Recital 63
• amended Recital 64
• amended Recital 65
• amended Recital 66
• amended Recital 67
• amended Recital 68
• amended Recital 69
• amended Recital 70
• amended Recital 71
• amended Recital 72
• amended Recital 73
• amended Recital 74
• amended Recital 75
• amended Recital 76
• amended Recital 77
• amended Recital 78
• amended Recital 79
• amended Recital 80
• amended Recital 81
• amended Recital 82
• amended Recital 83
• amended Recital 84
• amended Recital 85
• amended Recital 86
• amended Recital 87
• amended Recital 88
• amended Recital 89
• amended Recital 90
• amended Recital 91
• amended Recital 92
• amended Recital 93
• amended Recital 94
• amended Recital 95
• amended Recital 96
• amended Recital 97
• amended Recital 98
• amended Recital 99
• amended Recital 100
• amended Recital 101
• amended Recital 102
• amended Recital 103
• amended Recital 104
• amended Recital 105
• amended Recital 106
• amended Recital 107
• amended Recital 108
• amended Recital 109
• amended Recital 110
• amended Recital 111
• amended Recital 112
• amended Recital 113
• amended Recital 114
• amended Recital 115
• amended Recital 116
• amended Recital 117
• amended Recital 118
• amended Recital 119
• amended Recital 120
• amended Recital 121
• amended Recital 122
• amended Recital 123
• amended Recital 124
• amended Recital 125
• amended Recital 126
• amended Recital 127
• amended Recital 128
• amended Recital 129
• amended Recital 130
• amended Recital 131
• amended Recital 132
• amended Recital 133
• amended Recital 134
• amended Recital 135
• amended Recital 136

Part I - GENERAL PROVISIONS

• amended Article 4 - Definitions Part I › Title I
• amended Article 15 - Derogation from the application of own funds requirements on a consolidated basis for groups of investment firms Part I › Title II › Chapter 2 › Section 1
• amended Article 19 - Entities excluded from the scope of prudential consolidation Part I › Title II › Chapter 2 › Section 3

Part II - OWN FUNDS

• amended Article 27 - Capital instruments of mutuals, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 items Part II › Title I › Chapter 2 › Section 1
• amended Article 28 - Common Equity Tier 1 instruments Part II › Title I › Chapter 2 › Section 1
• amended Article 36 - Deductions from Common Equity Tier 1 items Part II › Title I › Chapter 2 › Section 3 › Subsection 1
• amended Article 42 - Deduction of holdings of own Common Equity Tier 1 instruments Part II › Title I › Chapter 2 › Section 3 › Subsection 1
• 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 1
• amended Article 46 - Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entity Part II › Title I › Chapter 2 › Section 3 › Subsection 1
• amended Article 48 - Threshold exemptions from deduction 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 2 › Section 3 › Subsection 2
• amended Article 52 - Additional Tier 1 instruments Part II › Title I › Chapter 3 › Section 1
• amended Article 54 - Write down or conversion of Additional Tier 1 instruments Part II › Title I › Chapter 3 › Section 1
• amended Article 56 - Deductions from Additional Tier 1 items Part II › Title I › Chapter 3 › Section 2
• amended Article 57 - Deductions of holdings of own 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 3 › Section 2
• amended Article 60 - Deduction of holdings of Additional Tier 1 instruments where an institution does not have a significant investment in a financial sector entity Part II › Title I › Chapter 3 › Section 2
• amended Article 63 - Tier 2 instruments Part II › Title I › Chapter 4 › Section 1
• amended Article 67 - Deductions of holdings of own Tier 2 instruments Part II › Title I › Chapter 4 › Section 2
• amended Article 69 - Deduction of holdings of Tier 2 instruments of financial sector entities Part II › Title I › Chapter 4 › Section 2
• amended Article 70 - Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entity Part II › Title I › Chapter 4 › Section 2
• amended Article 78 - Supervisory permission for reducing own funds Part II › Title I › Chapter 6
• amended Article 81 - Minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital Part II › Title II
• amended Article 82 - Qualifying Additional Tier 1, Tier 1, Tier 2 capital and qualifying own funds Part II › Title II
• amended Article 84 - Minority interests included in consolidated Common Equity Tier 1 capital Part II › Title II
• amended Article 85 - Qualifying Tier 1 instruments included in consolidated Tier 1 capital Part II › Title II
• amended Article 87 - Qualifying own funds included in consolidated own funds Part II › Title II
• amended Article 89 - Risk weighting and prohibition of qualifying holdings outside the financial sector Part II › Title III

Part III - CAPITAL REQUIREMENTS

• amended Article 92 - Own funds requirements Part III › Title I › Chapter 1 › Section 1
• amended Article 93 - Initial capital requirement on going concern Part III › Title I › Chapter 1 › Section 1
• amended Article 96 - Own funds requirements for investment firms which hold initial capital as laid down in Article 28(2) of Directive 2013/36/EU Part III › Title I › Chapter 1 › Section 2
• amended Article 103 - Management of the trading book Part III › Title I › Chapter 3
• amended Article 104 - Inclusion in the trading book Part III › Title I › Chapter 3
• amended Article 119 - Exposures to institutions Part III › Title II › Chapter 2 › Section 2
• amended Article 129 - Exposures in the form of covered bonds Part III › Title II › Chapter 2 › Section 2
• amended Article 132 - Exposures in the form of units or shares in CIUs Part III › Title II › Chapter 2 › Section 2
• amended Article 142 - Definitions Part III › Title II › Chapter 3 › Section 1
• amended Article 147 - Methodology to assign exposures to exposure classes Part III › Title II › Chapter 3 › Section 1
• amended Article 150 - Conditions for permanent partial use Part III › Title II › Chapter 3 › Section 1
• amended Article 152 - Treatment of exposures in the form of units or shares in CIUs Part III › Title II › Chapter 3 › Section 2 › Subsection 1
• amended Article 153 - Risk-weighted exposure amounts for exposures to corporates, institutions and central governments and central banks Part III › Title II › Chapter 3 › Section 2 › Subsection 2
• amended Article 154 - Risk-weighted exposure amounts for retail exposures Part III › Title II › Chapter 3 › Section 2 › Subsection 2
• amended Article 156 - Risk-weighted exposure amounts for other non credit-obligation assets Part III › Title II › Chapter 3 › Section 2 › Subsection 2
• amended Article 162 - Maturity Part III › Title II › Chapter 3 › Section 4 › Subsection 1
• amended Article 172 - Assignment of exposures Part III › Title II › Chapter 3 › Section 6 › Subsection 1
• amended Article 180 - Requirements specific to PD estimation Part III › Title II › Chapter 3 › Section 6 › Subsection 2
• amended Article 198 - Additional eligibility of collateral under the Financial Collateral Comprehensive Method Part III › Title II › Chapter 4 › Section 2 › Subsection 1
• amended Article 199 - Additional eligibility for collateral under the IRB Approach Part III › Title II › Chapter 4 › Section 2 › Subsection 1
• amended Article 201 - Eligibility of protection providers under all approaches Part III › Title II › Chapter 4 › Section 2 › Subsection 2
• amended Article 207 - Requirements for financial collateral Part III › Title II › Chapter 4 › Section 3 › Subsection 1
• amended Article 210 - Requirements for other physical collateral Part III › Title II › Chapter 4 › Section 3 › Subsection 1
• amended Article 213 - Requirements common to guarantees and credit derivatives Part III › Title II › Chapter 4 › Section 3 › Subsection 2
• amended Article 215 - Additional requirements for guarantees Part III › Title II › Chapter 4 › Section 3 › Subsection 2
• amended Article 216 - Additional requirements for credit derivatives Part III › Title II › Chapter 4 › Section 3 › Subsection 2
• amended Article 217 - Requirements to qualify for the treatment set out in Article 153(3) Part III › Title II › Chapter 4 › Section 3 › Subsection 2
• amended Article 220 - Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreements Part III › Title II › Chapter 4 › Section 4 › Subsection 1
• amended Article 221 - Using the internal models approach for master netting agreements Part III › Title II › Chapter 4 › Section 4 › Subsection 1
• amended Article 225 - Own estimates of volatility adjustments under the Financial Collateral Comprehensive Method Part III › Title II › Chapter 4 › Section 4 › Subsection 1
• amended Article 243 - Traditional securitisation Part III › Title II › Chapter 5 › Section 2
• amended Article 244 - Synthetic securitisation Part III › Title II › Chapter 5 › Section 2
• amended Article 250 - Treatment of maturity mismatches in synthetic securitisations Part III › Title II › Chapter 5 › Section 3 › Subsection 2
• amended Article 259 - Hierarchy of methods Part III › Title II › Chapter 5 › Section 3 › Subsection 4
• amended Article 268 - Requirements to be met by the credit assessments of ECAIs Part III › Title II › Chapter 5 › Section 4
• amended Article 272 - Definitions Part III › Title II › Chapter 6 › Section 1
• amended Article 280 - Calculation of risk positions Part III › Title II › Chapter 6 › Section 5
• amended Article 282 - Hedging sets Part III › Title II › Chapter 6 › Section 5
• amended Article 284 - Exposure value Part III › Title II › Chapter 6 › Section 6
• amended Article 285 - Exposure value for netting sets subject to a margin agreement Part III › Title II › Chapter 6 › Section 6
• amended Article 296 - Recognition of contractual netting agreements 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 7
• amended Article 299 - Items in the trading book Part III › Title II › Chapter 6 › Section 8
• amended Article 308 - Own funds requirements for pre-funded contributions to the default fund of a QCCP Part III › Title II › Chapter 6 › Section 9
• amended Article 316 - Relevant indicator Part III › Title III › Chapter 2
• amended Article 331 - Interest rate risk on derivative instruments Part III › Title IV › Chapter 2 › Section 1
• amended Article 336 - Own funds requirement for non-securitisation debt instruments Part III › Title IV › Chapter 2 › Section 2 › Subsection 1
• amended Article 338 - Own funds requirement for the correlation trading portfolio Part III › Title IV › Chapter 2 › Section 2 › Subsection 1
• amended Article 346 - Allowance for hedges by credit derivatives Part III › Title IV › Chapter 2 › Section 5
• amended Article 349 - General criteria for CIUs Part III › Title IV › Chapter 2 › Section 6
• amended Article 364 - Own funds requirements when using internal models Part III › Title IV › Chapter 5 › Section 1
• amended Article 377 - Requirements for an internal model for correlation trading Part III › Title IV › Chapter 5 › Section 5
• amended Article 383 - Advanced method Part III › Title VI

Part IV - LARGE EXPOSURES

• amended Article 395 - Limits to large exposures Part IV
• amended Article 402 - Exposures arising from mortgage lending Part IV

Part V - EXPOSURES TO TRANSFERRED CREDIT RISK

Part VI - LIQUIDITY

• amended Article 411 - Definitions Part VI › Title I
• amended Article 416 - Reporting on liquid assets Part VI › Title II
• amended Article 417 - Operational requirements for holdings of liquid assets Part VI › Title II
• amended Article 422 - Outflows on other liabilities Part VI › Title II
• amended Article 425 - Inflows Part VI › Title II
• amended Article 427 - Items providing stable funding Part VI › Title III
• amended Article 428 - Items requiring stable funding Part VI › Title III

Part VII - LEVERAGE

• amended Article 429 - Calculation of the leverage ratio Part VII

Part VIII - DISCLOSURE BY INSTITUTIONS

• amended Article 436 - Scope of application Part VIII › Title II
• amended Article 437 - Own funds Part VIII › Title II
• amended Article 438 - Capital requirements Part VIII › Title II
• amended Article 442 - Credit risk adjustments Part VIII › Title II
• amended Article 443 - Unencumbered assets Part VIII › Title II
• amended Article 449 - Exposure to securitisation positions Part VIII › Title II
• amended Article 450 - Remuneration policy Part VIII › Title II
• amended Article 452 - Use of the IRB Approach to credit risk Part VIII › Title III
• amended Article 455 - Use of Internal Market Risk Models Part VIII › Title III

Part IX - DELEGATED AND IMPLEMENTING ACTS

• amended Article 458 - Macroprudential or systemic risk identified at the level of a Member State Part IX
• amended Article 464 - European Banking Committee Part IX

Part X - TRANSITIONAL PROVISIONS, REPORTS, REVIEWS AND AMENDMENTS

• amended Article 473 - Introduction of amendments to IAS 19 Part X › Title I › Chapter 1 › Section 3 › Subsection 1
• amended Article 493 - Transitional provisions for large exposures Part X › Title I › Chapter 4
• amended Article 498 - Exemption for Commodities dealers Part X › Title I › Chapter 4
• amended Article 500 - Transitional provisions — Basel I floor Part X › Title I › Chapter 4
• amended Article 501 - Capital requirements deduction for credit risk on exposures to SMEs Part X › Title I › Chapter 4
• amended Article 509 - Liquidity requirements Part X › Title II
• amended Article 511 - Leverage Part X › Title II
• amended Article 520 - Amendment of Regulation (EU) No 648/2012 Part X › Title III

Part XI - FINAL PROVISIONS

Annexes

• renamed Annex III - All items with the exception of those referred to in points 1, 2 and 9 must satisfy all of the following conditions: was “Annex III”