305. Competent authorities should determine and set P2G based on the outcomes of the assessment of …

Competent authorities should determine and set P2G based on the outcomes of the assessment of cyclical economic fluctuations in line with paragraph 301. Such analyses should take into account the investment firm’s strategy and business model, as well as the environment in which it is operating, as the basis to identify vulnerabilities and risks of harm at investment firm’s level, and reflect relevant economic fluctuations that may be system-wide as wide spread disruption to the provision of financial services caused by an impairment of a large part of the financial system or wide spread volatility across asset prices or specific to the investment firm’s business model as shock specific to the nature and duration of financial instruments the investment firm is trading) over a forward looking horizon.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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