8. In addition, these Guidelines further specify how institutions, which have received the …

In addition, these Guidelines further specify how institutions, which have received the permission of their competent authority to use the Internal Ratings Based Approach (IRB Approach) to calculate own funds requirements for a part or all of their credit risk exposures, should define and use stress test scenarios that include environmental risk drivers, in particular physical risk and transition risk drivers arising from climate change, as part of their stress testing programmes on credit risk in order to fulfil the requirements set out in Article 177(2a) of Regulation (EU) No 575/2013²⁶ .

²⁶ Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012, (OJ L 176, 27.6.2013, p. 1, ELI: http://data.europa.eu/eli/reg/2013/575/oj).

1. Overview

1.1 References

• Article 177 2a.

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA -

  EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

  DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.