+SECTION 4 Assessment of correlation, hedging and particular requirements
---+Article 50 Assessment of the correlation structure
------+Article 50 1
------+Article 50 2
---+Article 51 Assessment of the hedging recognition
------+Article 51 (a)
------+Article 51 (b)
------+Article 51 (c)
------+Article 51 (d)
------+Article 51 2
------+Article 51 3
------+Article 51 4
------+Article 51 (a)
------+Article 51 (b)
------+Article 51 (c)
---+Article 52 Assessment of compliance with particular requirements
------+Article 52 (a)
------+Article 52 (b)
------+Article 52 (c)
------+Article 52 (d)
------+Article 52 2
------+Article 52 3
------+Article 52 4
------+Article 52 5
------+Article 52 6

SECTION 4 Assessment of correlation, hedging and particular requirements

1. Overview

Summary	Regulation
Article 50 Assessment of the correlation structure
Article 51 Assessment of the hedging recognition	When assessing whether the recognition of hedges in the institution’s internal default risk model complies with Article 325bo of Regulation (EU) No 575/2013, competent authorities shall:
Article 52 Assessment of compliance with particular requirements	When assessing the internal default risk model’s compliance with the requirements laid down in Article 325bp of Regulation (EU) No 575/2013, competent authorities shall:

Requirements
Source	Requirement

Standards
Source	Requirement

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