(2)Prior to the entry into force of Regulation (EU) 2019/876 of the European Parliament and of the Council 4 , Article 429, 429a and 429b of Regulation (EU) No 575/2013, obliged institutions to calculate the exposure value of their derivatives using a mark-to-market method – the Current Exposure Method (‘CEM’) – by virtue of a reference to Article 274 of that Regulation, related to the calculation of the Leverage Ratio Exposure.
Recital 2
- 4 Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements, and Regulation (EU) No 648/2012 ( OJ L 150, 7.6.2019, p. 1 ). ↩