+Article 500c Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemic
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Article 500c Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemic
Article 500c
Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemic
By way of derogation from Article 325bf, competent authorities may, in exceptional circumstances and in individual cases, permit institutions to exclude the overshootings evidenced by the institution’s back-testing on hypothetical or actual changes from the calculation of the addend set out in Article 325bf, provided that those overshootings do not result from deficiencies in the internal model and provided that they occurred between 1 January 2020 and 31 December 2021.
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
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Requirement |
3. Related Standards
Standards
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Requirement |
- Builddate: 01.01.2027 00:00:00 -Doknr: CELEX:32013R0575
- EULAW -
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