Capital Requirements Regulation (CRR)

Preamble

Recitals

Part I - GENERAL PROVISIONS

• amended Article 4 - Definitions Part I › Title I

Part II - OWN FUNDS

• amended Article 36 - Deductions from Common Equity Tier 1 items Part II › Title I › Chapter 2 › Section 3 › Subsection 1
• 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

Part III - CAPITAL REQUIREMENTS

• amended Article 93 - Initial capital requirement on going concern Part III › Title I › Chapter 1 › Section 1
• amendedrenamed Article 109 - Treatment of securitisation positions Part III › Title II › Chapter 1 was “Article 109 - Treatment of securitised exposures under the Standardised Approach and the IRB Approach”
• amended Article 119 - Exposures to institutions Part III › Title II › Chapter 2 › Section 2
• amended Article 134 - Other items Part III › Title II › Chapter 2 › Section 2
• amended Article 142 - Definitions Part III › Title II › Chapter 3 › Section 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 197 - Eligibility of collateral under all approaches and methods Part III › Title II › Chapter 4 › Section 2 › Subsection 1
• renamed Part III › Title II › Chapter 5 › Section 1 - Definitions and criteria for simple, transparent and standardised securitisations was “Section 1 - Definitions”
• amended Article 242 - Definitions Part III › Title II › Chapter 5 › Section 1
• amendedmovedrenamed Article 243 - Criteria for STS securitisations qualifying for differentiated capital treatment Part III › Title II › Chapter 5 › Section 1 from Part III › Title II › Chapter 5 › Section 2 was “Article 243 - Traditional securitisation”
• amendedrenamed Article 244 - Traditional securitisation Part III › Title II › Chapter 5 › Section 2 was “Article 244 - Synthetic securitisation”
• amendedmovedrenamed Article 245 - Synthetic securitisation Part III › Title II › Chapter 5 › Section 2 from Part III › Title II › Chapter 5 › Section 3 › Subsection 1 was “Article 245 - Calculation of risk-weighted exposure amounts”
• amendedmovedrenamed Article 246 - Operational requirements for early amortisation provisions Part III › Title II › Chapter 5 › Section 2 from Part III › Title II › Chapter 5 › Section 3 › Subsection 1 was “Article 246 - Exposure value”
• renamed Part III › Title II › Chapter 5 › Section 3 - Calculation of risk-weighted exposure amounts was “Section 3 - Calculation of the risk-weighted exposure amounts”
• renamed Part III › Title II › Chapter 5 › Section 3 › Subsection 1 - General Provisions was “Subsection 1 - Principles”
• amendedrenamed Article 247 - Calculation of risk-weighted exposure amounts Part III › Title II › Chapter 5 › Section 3 › Subsection 1 was “Article 247 - Recognition of credit risk mitigation for securitisation positions”
• amendedrenamed Article 248 - Exposure value Part III › Title II › Chapter 5 › Section 3 › Subsection 1 was “Article 248 - Implicit support”
• amendedmovedrenamed Article 249 - Recognition of credit risk mitigation for securitisation positions Part III › Title II › Chapter 5 › Section 3 › Subsection 1 from Part III › Title II › Chapter 5 › Section 3 › Subsection 2 was “Article 249 - General treatment”
• amendedmovedrenamed Article 250 - Implicit support Part III › Title II › Chapter 5 › Section 3 › Subsection 1 from Part III › Title II › Chapter 5 › Section 3 › Subsection 2 was “Article 250 - Treatment of maturity mismatches in synthetic securitisations”
• amendedmovedrenamed Article 251 - Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisation Part III › Title II › Chapter 5 › Section 3 › Subsection 1 from Part III › Title II › Chapter 5 › Section 3 › Subsection 3 was “Article 251 - Risk-weights”
• amendedmovedrenamed Article 252 - Treatment of maturity mismatches in synthetic securitisations Part III › Title II › Chapter 5 › Section 3 › Subsection 1 from Part III › Title II › Chapter 5 › Section 3 › Subsection 3 was “Article 252 - Originator and sponsor institutions”
• amendedmovedrenamed Article 253 - Reduction in risk-weighted exposure amounts Part III › Title II › Chapter 5 › Section 3 › Subsection 1 from Part III › Title II › Chapter 5 › Section 3 › Subsection 3 was “Article 253 - Treatment of unrated positions”
• renamed Part III › Title II › Chapter 5 › Section 3 › Subsection 2 - Hierarchy of methods and common parameters was “Subsection 2 - Originator institutions' calculation of risk-weighted exposure amounts securitised in a synthetic securitisation”
• amendedmovedrenamed Article 254 - Hierarchy of methods Part III › Title II › Chapter 5 › Section 3 › Subsection 2 from Part III › Title II › Chapter 5 › Section 3 › Subsection 3 was “Article 254 - Treatment of securitisation positions in a second loss tranche or better in an ABCP programme”
• amendedmovedrenamed Article 255 - Determination of K IRB and K SA Part III › Title II › Chapter 5 › Section 3 › Subsection 2 from Part III › Title II › Chapter 5 › Section 3 › Subsection 3 was “Article 255 - Treatment of unrated liquidity facilities”
• amendedmovedrenamed Article 256 - Determination of attachment point (A) and detachment point (D) Part III › Title II › Chapter 5 › Section 3 › Subsection 2 from Part III › Title II › Chapter 5 › Section 3 › Subsection 3 was “Article 256 - Additional own funds requirements for securitisations of revolving exposures with early amortisation provisions”
• amendedmovedrenamed Article 257 - Determination of tranche maturity (M T ) Part III › Title II › Chapter 5 › Section 3 › Subsection 2 from Part III › Title II › Chapter 5 › Section 3 › Subsection 3 was “Article 257 - Credit risk mitigation for securitisation positions subject to the Standardised Approach”
• renamed Part III › Title II › Chapter 5 › Section 3 › Subsection 3 - Methods to calculate risk-weighted exposure amounts was “Subsection 3 - Calculation of risk-weighted exposure amounts under the Standardised Approach”
• amendedrenamed Article 258 - Conditions for the use of the Internal Ratings Based Approach (SEC-IRBA) Part III › Title II › Chapter 5 › Section 3 › Subsection 3 was “Article 258 - Reduction in risk-weighted exposure amounts”
• amendedmovedrenamed Article 259 - Calculation of risk-weighted exposure amounts under the SEC-IRBA Part III › Title II › Chapter 5 › Section 3 › Subsection 3 from Part III › Title II › Chapter 5 › Section 3 › Subsection 4 was “Article 259 - Hierarchy of methods”
• amendedmovedrenamed Article 260 - Treatment of STS securitisations under the SEC-IRBA Part III › Title II › Chapter 5 › Section 3 › Subsection 3 from Part III › Title II › Chapter 5 › Section 3 › Subsection 4 was “Article 260 - Maximum risk-weighted exposure amounts”
• amendedmovedrenamed Article 261 - Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA) Part III › Title II › Chapter 5 › Section 3 › Subsection 3 from Part III › Title II › Chapter 5 › Section 3 › Subsection 4 was “Article 261 - Ratings Based Method”
• amendedmovedrenamed Article 262 - Treatment of STS securitisations under the SEC-SA Part III › Title II › Chapter 5 › Section 3 › Subsection 3 from Part III › Title II › Chapter 5 › Section 3 › Subsection 4 was “Article 262 - Supervisory Formula Method”
• amendedmovedrenamed Article 263 - Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA) Part III › Title II › Chapter 5 › Section 3 › Subsection 3 from Part III › Title II › Chapter 5 › Section 3 › Subsection 4 was “Article 263 - Liquidity Facilities”
• amendedmovedrenamed Article 264 - Treatment of STS securitisations under the SEC-ERBA Part III › Title II › Chapter 5 › Section 3 › Subsection 3 from Part III › Title II › Chapter 5 › Section 3 › Subsection 4 was “Article 264 - Credit risk mitigation for securitisation positions subject to the IRB Approach”
• amendedmovedrenamed Article 265 - Scope and operational requirements for the Internal Assessment Approach Part III › Title II › Chapter 5 › Section 3 › Subsection 3 from Part III › Title II › Chapter 5 › Section 3 › Subsection 4 was “Article 265 - Additional own funds requirements for securitisations of revolving exposures with early amortisation provisions”
• amendedmovedrenamed Article 266 - Calculation of risk-weighted exposure amounts under the Internal Assessment Approach Part III › Title II › Chapter 5 › Section 3 › Subsection 3 from Part III › Title II › Chapter 5 › Section 3 › Subsection 4 was “Article 266 - Reduction in risk-weighted exposure amounts”
• renamed Part III › Title II › Chapter 5 › Section 3 › Subsection 4 - Caps for securitisation positions was “Subsection 4 - Calculation of risk-weighted exposure amounts under the IRB approach”
• amendedmovedrenamed Article 267 - Maximum risk weight for senior securitisation positions: look-through approach Part III › Title II › Chapter 5 › Section 3 › Subsection 4 from Part III › Title II › Chapter 5 › Section 4 was “Article 267 - Use of Credit Assessments by ECAIs”
• amendedmovedrenamed Article 268 - Maximum capital requirements Part III › Title II › Chapter 5 › Section 3 › Subsection 4 from Part III › Title II › Chapter 5 › Section 4 was “Article 268 - Requirements to be met by the credit assessments of ECAIs”
• inserted Part III › Title II › Chapter 5 › Section 3 › Subsection 5 - Miscellaneous provisions
• amendedmovedrenamed Article 269 - Re-securitisations Part III › Title II › Chapter 5 › Section 3 › Subsection 5 from Part III › Title II › Chapter 5 › Section 4 was “Article 269 - Use of credit assessments”
• amendedmovedrenamed Article 270 - Senior positions in SME securitisations Part III › Title II › Chapter 5 › Section 3 › Subsection 5 from Part III › Title II › Chapter 5 › Section 4 was “Article 270 - Mapping”
• inserted Article 270a - Additional risk weight Part III › Title II › Chapter 5 › Section 3 › Subsection 5
• inserted Article 270b - Use of credit assessments by ECAIs Part III › Title II › Chapter 5 › Section 4
• inserted Article 270c - Requirements to be met by the credit assessments of ECAIs Part III › Title II › Chapter 5 › Section 4
• inserted Article 270d - Use of credit assessments Part III › Title II › Chapter 5 › Section 4
• inserted Article 270e - Securitisation mapping Part III › Title II › Chapter 5 › Section 4
• amended Article 337 - Own funds requirement for securitisation instruments Part III › Title IV › Chapter 2 › Section 2 › Subsection 1

Part IV - LARGE EXPOSURES

• amended Article 395 - Limits to large exposures Part IV

Part V

• removed Article 404 - Scope of application Part V › Title I
• removed Article 405 - Retained interest of the issuer Part V › Title II
• removed Article 406 - Due diligence Part V › Title II
• removed Article 407 - Additional risk weight Part V › Title II
• removed Article 408 - Criteria for credit granting Part V › Title III
• removed Article 409 - Disclosure to investors Part V › Title III
• removed Article 410 - Uniform condition of application Part V › Title III

Part VI - LIQUIDITY

Part VII - LEVERAGE

Part VIII - DISCLOSURE BY INSTITUTIONS

• amended Article 443 - Unencumbered assets Part VIII › Title II

Part IX - DELEGATED AND IMPLEMENTING ACTS

• amended Article 457 - Technical adjustments and corrections Part IX
• amended Article 462 - Exercise of the delegation 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 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
• inserted Article 519a - Reporting and review Part X › Title II

Part XI - FINAL PROVISIONS

Annexes