+PART THREE CAPITAL REQUIREMENTS
---+TITLE I GENERAL REQUIREMENTS, VALUATION AND REPORTING
------+CHAPTER 1 Required level of own funds
---------+Section 1 Own funds requirements for institutions
------------+Article 92 Own funds requirements
---------------+Article 92 1.
---------------+Article 92 1a.
---------------+Article 92 2.
---------------+Article 92 3.
---------------+Article 92 4.
---------------+Article 92 5.
---------------+Article 92 6.
------------+Article 92a Requirements for own funds and eligible liabilities for G-SIIs
---------------+Article 92a 1.
---------------+Article 92a 2.
------------+Article 92b Requirement for own funds and eligible liabilities for non-EU G-SIIs
---------------+Article 92b 1.
---------------+Article 92b 2.
---------------+Article 92b 3.
------------+Article 93 Initial capital requirement on going concern
---------------+Article 93 1.
---------------+Article 93 2.
---------------+Article 93 4.
---------------+Article 93 5.
---------------+Article 93 6.
------------+Article 94 Derogation for small trading book business
---------------+Article 94 1.
---------------+Article 94 2.
---------------+Article 94 3.
---------------+Article 94 4.
---------------+Article 94 5.
---------------+Article 94 6.
---------------+Article 94 7.
---------------+Article 94 8.
---------------+Article 94 9.
---------------+Article 94 10.
---------+Section 2 Own funds requirements for investment firms with limited authorisation to provide investment services
------+CHAPTER 3 Trading book
---------+Article 102 Requirements for the trading book
------------+Article 102 1.
------------+Article 102 2.
------------+Article 102 3.
------------+Article 102 4.
------------+Article 102 5.
------------+Article 102 6.
---------+Article 103 Management of the trading book
------------+Article 103 1.
------------+Article 103 2.
---------+Article 104 Inclusion in the trading book
------------+Article 104 1.
------------+Article 104 2.
------------+Article 104 3.
------------+Article 104 4.
------------+Article 104 5.
------------+Article 104 6.
------------+Article 104 7.
------------+Article 104 8.
------------+Article 104 9.
---------+Article 104a Reclassification of a position
------------+Article 104a 1.
------------+Article 104a 2.
------------+Article 104a 3.
------------+Article 104a 4.
------------+Article 104a 5.
------------+Article 104a 6.
---------+Article 104b Requirements for trading desk
------------+Article 104b 1.
------------+Article 104b 2.
------------+Article 104b 3.
------------+Article 104b 4.
------------+Article 104b 5.
------------+Article 104b 6.
---------+Article 104c Treatment of foreign exchange risk hedges of capital ratios
------------+Article 104c 1.
------------+Article 104c 2.
------------+Article 104c 3.
------------+Article 104c 4.
---------+Article 105 Requirements for prudent valuation
------------+Article 105 1.
------------+Article 105 2.
------------+Article 105 3.
------------+Article 105 4.
------------+Article 105 5.
------------+Article 105 6.
------------+Article 105 7.
------------+Article 105 8.
------------+Article 105 9.
------------+Article 105 10.
------------+Article 105 11.
------------+Article 105 12.
------------+Article 105 13.
------------+Article 105 14.
---------+Article 106 Internal Hedges
------------+Article 106 1.
------------+Article 106 2.
------------+Article 106 3.
------------+Article 106 4.
------------+Article 106 4a.
------------+Article 106 5.
------------+Article 106 5a.
------------+Article 106 5b.
------------+Article 106 6.
------------+Article 106 7.
---+TITLE II CAPITAL REQUIREMENTS FOR CREDIT RISK
------+CHAPTER 1 General principles
---------+Article 107 Approaches to credit risk
------------+Article 107 1.
------------+Article 107 2.
------------+Article 107 3.
------------+Article 107 4.
---------+Article 108 Use of credit risk mitigation techniques under the Standardised Approach and the IRB Approach for credit risk and dilution risk
------------+Article 108 1.
------------+Article 108 2.
------------+Article 108 3.
------------+Article 108 4.
------------+Article 108 5.
------------+Article 108 6.
---------+Article 109 Treatment of securitisation positions
---------+Article 110 Treatment of credit risk adjustment
------------+Article 110 1.
------------+Article 110 2.
------------+Article 110 3.
------------+Article 110 4.
---------+Article 110a Monitoring of contractual arrangements that are not commitments
------+CHAPTER 2 Standardised approach
---------+Section 1 General principles
------------+Article 111 Exposure value
---------------+Article 111 1.
---------------+Article 111 2.
---------------+Article 111 3.
---------------+Article 111 4.
---------------+Article 111 5.
---------------+Article 111 6.
---------------+Article 111 7.
---------------+Article 111 8.
------------+Article 112 Exposure classes
------------+Article 113 Calculation of risk-weighted exposure amounts
---------------+Article 113 1.
---------------+Article 113 2.
---------------+Article 113 3.
---------------+Article 113 4.
---------------+Article 113 5.
---------------+Article 113 6.
---------------+Article 113 7.
---------+Section 2 Risk weights
------------+Article 114 Exposures to central governments or central banks
---------------+Article 114 1.
---------------+Article 114 2.
---------------+Article 114 3.
---------------+Article 114 4.
---------------+Article 114 7.
------------+Article 115 Exposures to regional governments or local authorities
---------------+Article 115 -1.
---------------+Article 115 1.
---------------+Article 115 2.
---------------+Article 115 3.
---------------+Article 115 4.
---------------+Article 115 5.
------------+Article 116 Exposures to public sector entities
---------------+Article 116 1.
---------------+Article 116 2.
---------------+Article 116 3.
---------------+Article 116 4.
---------------+Article 116 5.
------------+Article 117 Exposures to multilateral development banks
---------------+Article 117 1.
---------------+Article 117 2.
---------------+Article 117 3.
------------+Article 118 Exposures to international organisations
------------+Article 119 Exposures to institutions
---------------+Article 119 1.
---------------+Article 119 4.
---------------+Article 119 5.
------------+Article 120 Exposures to rated institutions
---------------+Article 120 1.
---------------+Article 120 2.
---------------+Article 120 3.
------------+Article 121 Exposures to unrated institutions
---------------+Article 121 1.
---------------+Article 121 2.
---------------+Article 121 3.
------------+Article 122 Exposures to corporates
---------------+Article 122 1.
---------------+Article 122 2.
------------+Article 122a Specialised lending exposures
---------------+Article 122a 1.
---------------+Article 122a 2.
---------------+Article 122a 3.
---------------+Article 122a 4.
------------+Article 123 Retail exposures
---------------+Article 123 1.
---------------+Article 123 2.
---------------+Article 123 3.
---------------+Article 123 4.
---------------+Article 123 5.
------------+Article 123a Exposures with a currency mismatch
---------------+Article 123a 1.
---------------+Article 123a 2.
---------------+Article 123a 3.
------------+Article 124 Exposures secured by mortgages on immovable property
---------------+Article 124 1.
---------------+Article 124 2.
---------------+Article 124 3.
---------------+Article 124 4.
---------------+Article 124 5.
---------------+Article 124 6.
---------------+Article 124 7.
---------------+Article 124 8.
---------------+Article 124 9.
---------------+Article 124 10.
---------------+Article 124 11.
---------------+Article 124 12.
---------------+Article 124 13.
---------------+Article 124 14.
------------+Article 125 Exposures secured by mortgages on residential property
---------------+Article 125 1.
---------------+Article 125 2.
---------------+Article 125 3.
------------+Article 126 Exposures secured by mortgages on commercial immovable property
---------------+Article 126 1.
---------------+Article 126 2.
---------------+Article 126 3.
---------------+Article 126 4.
------------+Article 126a Land acquisition, development and construction exposures
---------------+Article 126a 1.
---------------+Article 126a 2.
---------------+Article 126a 3.
------------+Article 127 Exposures in default
---------------+Article 127 1.
---------------+Article 127 2.
---------------+Article 127 3.
------------+Article 128 Subordinated debt exposures
---------------+Article 128 1.
---------------+Article 128 2.
------------+Article 129 Exposures in the form of covered bonds
---------------+Article 129 1.
---------------+Article 129 1a.
---------------+Article 129 1b.
---------------+Article 129 1c.
---------------+Article 129 1d.
---------------+Article 129 2.
---------------+Article 129 3.
---------------+Article 129 3a.
---------------+Article 129 3b.
---------------+Article 129 4.
---------------+Article 129 5.
---------------+Article 129 6.
---------------+Article 129 7.
------------+Article 130 Items representing securitisation positions
------------+Article 131 Exposures to institutions and corporates with a short-term credit assessment
------------+Article 132 Own funds requirements for exposures in the form of units or shares in CIUs
---------------+Article 132 1.
---------------+Article 132 2.
---------------+Article 132 3.
---------------+Article 132 4.
---------------+Article 132 5.
---------------+Article 132 6.
---------------+Article 132 7.
------------+Article 132a Approaches for calculating risk-weighted exposure amounts of CIUs
---------------+Article 132a 1.
---------------+Article 132a 2.
---------------+Article 132a 3.
---------------+Article 132a 4.
------------+Article 132b Exclusions from the approaches for calculating risk-weighted exposure amounts of CIUs
---------------+Article 132b 1.
---------------+Article 132b 2.
------------+Article 132c Treatment of off-balance-sheet exposures to CIUs
---------------+Article 132c 1.
---------------+Article 132c 2.
---------------+Article 132c 3.
------------+Article 133 Equity exposures
---------------+Article 133 1.
---------------+Article 133 2.
---------------+Article 133 3.
---------------+Article 133 4.
---------------+Article 133 5.
---------------+Article 133 6.
---------------+Article 133 7.
------------+Article 134 Other items
---------------+Article 134 1.
---------------+Article 134 2.
---------------+Article 134 3.
---------------+Article 134 4.
---------------+Article 134 5.
---------------+Article 134 6.
---------------+Article 134 7.
---------+Section 3 Recognition and mapping of credit risk assessment
------------+Sub-Section 1 Recognition of ECAIs
---------------+Article 135 Use of credit assessments by ECAIs
------------------+Article 135 1.
------------------+Article 135 2.
------------------+Article 135 3.
------------+Sub-Section 2 Mapping of ECAI's credit assessments
---------------+Article 136 Mapping of ECAI's credit assessments
------------------+Article 136 1.
------------------+Article 136 2.
------------------+Article 136 3.
------------+Sub-Section 3 Use of credit assessments by Export Credit Agencies
---------------+Article 137 Use of credit assessments by export credit agencies
------------------+Article 137 1.
------------------+Article 137 2.
---------+Section 4 Use of the ECAI credit assessments for the determination of risk weights
------------+Article 138 General requirements
------------+Article 139 Issuer and issue credit assessment
---------------+Article 139 1.
---------------+Article 139 2.
---------------+Article 139 3.
---------------+Article 139 4.
------------+Article 140 Long-term and short-term credit assessments
---------------+Article 140 1.
---------------+Article 140 2.
------------+Article 141 Domestic and foreign currency items
---------------+Article 141 1.
---------------+Article 141 2.
------+CHAPTER 3 Internal Ratings Based Approach
---------+Section 1 Permission by competent authorities to use the IRB approach
------------+Article 142 Definitions
---------------+Article 142 1.
---------------+Article 142 2.
------------+Article 143 Permission to use the IRB Approach
---------------+Article 143 1.
---------------+Article 143 2.
---------------+Article 143 3.
---------------+Article 143 4.
---------------+Article 143 5.
------------+Article 144 Competent authorities' assessment of an application to use an IRB Approach
---------------+Article 144 1.
---------------+Article 144 2.
------------+Article 145 Prior experience of using IRB approaches
---------------+Article 145 1.
---------------+Article 145 2.
---------------+Article 145 3.
------------+Article 146 Measures to be taken where the requirements of this Chapter cease to be met
------------+Article 147 Methodology to assign exposures to exposure classes
---------------+Article 147 1.
---------------+Article 147 2.
---------------+Article 147 3.
---------------+Article 147 3a.
---------------+Article 147 4.
---------------+Article 147 5.
---------------+Article 147 5a.
---------------+Article 147 6.
---------------+Article 147 7.
---------------+Article 147 8.
---------------+Article 147 9.
---------------+Article 147 10.
---------------+Article 147 11.
---------------+Article 147 12.
------------+Article 148 Conditions for implementing the IRB Approach across different classes of exposure and business units
---------------+Article 148 1.
---------------+Article 148 2.
---------------+Article 148 3.
------------+Article 149 Conditions to revert to the use of less sophisticated approaches
---------------+Article 149 1.
---------------+Article 149 2.
---------------+Article 149 3.
------------+Article 150 Conditions for permanent partial use
---------------+Article 150 1.
---------------+Article 150 1a.
---------------+Article 150 2a.
---------+Section 2 Calculation of risk-weighted exposure amounts
------------+Sub-Section 1 Treatment by type of exposure class
---------------+Article 151 Treatment by exposure class
------------------+Article 151 1.
------------------+Article 151 2.
------------------+Article 151 3.
------------------+Article 151 5.
------------------+Article 151 6.
------------------+Article 151 7.
------------------+Article 151 8.
------------------+Article 151 9.
------------------+Article 151 10.
------------------+Article 151 11.
---------------+Article 152 Treatment of exposures in the form of units or shares in CIUs
------------------+Article 152 1.
------------------+Article 152 2.
------------------+Article 152 3.
------------------+Article 152 4.
------------------+Article 152 5.
------------------+Article 152 6.
------------------+Article 152 7.
------------------+Article 152 8.
------------------+Article 152 9.
------------+Sub-Section 2 Calculation of risk-weighted exposure amounts for credit risk
---------------+Article 153 Risk-weighted exposure amounts for exposures to central governments and central banks, exposures to regional governments, local authorities and public sector entities, exposures to institutions and exposures to corporates
------------------+Article 153 1.
------------------+Article 153 2.
------------------+Article 153 4.
------------------+Article 153 5.
------------------+Article 153 6.
------------------+Article 153 7.
------------------+Article 153 8.
------------------+Article 153 9.
---------------+Article 154 Risk-weighted exposure amounts for retail exposures
------------------+Article 154 1.
------------------+Article 154 3.
------------------+Article 154 4.
------------------+Article 154 5.
------------------+Article 154 6.
------------------+Article 154 7.
---------------+Article 156 Risk-weighted exposure amounts for other non credit-obligation assets
------------+Sub-Section 3 Calculation of risk-weighted exposure amounts for dilution risk of purchased receivables
---------------+Article 157 Risk-weighted exposure amounts for dilution risk of purchased receivables
------------------+Article 157 1.
------------------+Article 157 2.
------------------+Article 157 3.
------------------+Article 157 4.
------------------+Article 157 5.
------------------+Article 157 6.
---------+Section 3 Expected loss amounts
------------+Article 158 Treatment by exposure type
---------------+Article 158 1.
---------------+Article 158 2.
---------------+Article 158 3.
---------------+Article 158 4.
---------------+Article 158 5.
---------------+Article 158 6.
---------------+Article 158 9a.
---------------+Article 158 10.
------------+Article 159 Treatment of expected loss amounts, IRB shortfall and IRB excess
---------------+Article 159 1.
---------------+Article 159 2.
---------+Section 4 PD, LGD and maturity
------------+Sub-Section 1 Exposures to corporates, institutions, central governments and central banks, regional governments, local authorities and public sector entities
---------------+Article 159a Non-application of PD, LGD and CCF input floors
---------------+Article 160 Probability of default (PD)
------------------+Article 160 1.
------------------+Article 160 1a.
------------------+Article 160 2.
------------------+Article 160 3.
------------------+Article 160 4.
------------------+Article 160 6.
------------------+Article 160 7.
---------------+Article 161 Loss Given Default (LGD)
------------------+Article 161 1.
------------------+Article 161 2.
------------------+Article 161 3.
------------------+Article 161 4.
------------------+Article 161 5.
------------------+Article 161 6.
------------------+Article 161 7.
---------------+Article 162 Maturity
------------------+Article 162 1.
------------------+Article 162 2.
------------------+Article 162 3.
------------------+Article 162 4.
------------------+Article 162 5.
------------------+Article 162 6.
------------+Sub-Section 2 Retail exposures
---------------+Article 163 Probability of default (PD)
------------------+Article 163 1.
------------------+Article 163 2.
------------------+Article 163 3.
------------------+Article 163 4.
---------------+Article 164 Loss Given Default (LGD)
------------------+Article 164 1.
------------------+Article 164 2.
------------------+Article 164 4.
------------------+Article 164 4a.
------------------+Article 164 5.
------------------+Article 164 6.
------------------+Article 164 7.
------------------+Article 164 8.
------------------+Article 164 9.
------------------+Article 164 10.
---------+Section 5 Exposure value
------------+Article 166 Exposures to corporates, institutions, central governments and central banks, regional governments, local authorities and public sector entities and retail exposures
---------------+Article 166 1.
---------------+Article 166 2.
---------------+Article 166 3.
---------------+Article 166 4.
---------------+Article 166 5.
---------------+Article 166 6.
---------------+Article 166 7.
---------------+Article 166 8.
---------------+Article 166 8a.
---------------+Article 166 8b.
---------------+Article 166 8c.
---------------+Article 166 9.
------------+Article 168 Other non credit-obligation assets
---------+Section 6 Requirements for the IRB approach
------------+Sub-Section 1 Rating systems
---------------+Article 169 General principles
------------------+Article 169 1.
------------------+Article 169 2.
------------------+Article 169 3.
---------------+Article 170 Structure of rating systems
------------------+Article 170 1.
------------------+Article 170 2.
------------------+Article 170 3.
------------------+Article 170 4.
---------------+Article 171 Assignment to grades or pools
------------------+Article 171 1.
------------------+Article 171 2.
------------------+Article 171 3.
---------------+Article 172 Assignment of exposures
------------------+Article 172 1.
------------------+Article 172 2.
------------------+Article 172 3.
---------------+Article 173 Integrity of assignment process
------------------+Article 173 1.
------------------+Article 173 2.
------------------+Article 173 3.
---------------+Article 174 Use of models
---------------+Article 175 Documentation of rating systems
------------------+Article 175 1.
------------------+Article 175 2.
------------------+Article 175 3.
------------------+Article 175 4.
------------------+Article 175 5.
---------------+Article 176 Data maintenance
------------------+Article 176 1.
------------------+Article 176 2.
------------------+Article 176 3.
------------------+Article 176 4.
------------------+Article 176 5.
---------------+Article 177 Stress tests used in assessment of capital adequacy
------------------+Article 177 1.
------------------+Article 177 2.
------------------+Article 177 2a.
------------+Sub-Section 2 Risk quantification
---------------+Article 178 Default of an obligor or credit facility
------------------+Article 178 1.
------------------+Article 178 2.
------------------+Article 178 3.
------------------+Article 178 4.
------------------+Article 178 5.
------------------+Article 178 6.
------------------+Article 178 7.
---------------+Article 179 Overall requirements for estimation
------------------+Article 179 1.
------------------+Article 179 2.
---------------+Article 180 Requirements specific to PD estimation
------------------+Article 180 1.
------------------+Article 180 2.
------------------+Article 180 3.
---------------+Article 181 Requirements specific to own-LGD estimates
------------------+Article 181 1.
------------------+Article 181 2.
------------------+Article 181 3.
------------------+Article 181 4.
------------------+Article 181 5.
---------------+Article 182 Requirements specific to own-conversion factor estimates
------------------+Article 182 1.
------------------+Article 182 1a.
------------------+Article 182 1b.
------------------+Article 182 1c.
------------------+Article 182 1d.
------------------+Article 182 2.
------------------+Article 182 3.
------------------+Article 182 4.
------------------+Article 182 5.
---------------+Article 183 Requirements for assessing the effect of unfunded credit protection for exposures to central governments and central banks, exposures to regional governments, local authorities and public sector entities, and exposures to corporates, where own estimates of LGD are used and for retail exposures
------------------+Article 183 1.
------------------+Article 183 1a.
------------------+Article 183 2.
------------------+Article 183 3.
------------------+Article 183 4.
------------------+Article 183 5.
---------------+Article 184 Requirements for purchased receivables
------------------+Article 184 1.
------------------+Article 184 2.
------------------+Article 184 3.
------------------+Article 184 4.
------------------+Article 184 5.
------------------+Article 184 6.
------------+Sub-Section 3 Validation of internal estimates
---------------+Article 185 Validation of internal estimates
------------+Sub-Section 5 Internal governance and oversight
---------------+Article 189 Corporate Governance
------------------+Article 189 1.
------------------+Article 189 2.
------------------+Article 189 3.
---------------+Article 190 Credit risk control
------------------+Article 190 1.
------------------+Article 190 2.
------------------+Article 190 3.
------------------+Article 190 4.
---------------+Article 191 Internal Audit
------+CHAPTER 4 Credit risk mitigation
---------+Section 1 Definitions and general requirements
------------+Article 192 Definitions
------------+Article 193 Principles for recognising the effect of credit risk mitigation techniques
---------------+Article 193 1.
---------------+Article 193 2.
---------------+Article 193 3.
---------------+Article 193 4.
---------------+Article 193 5.
---------------+Article 193 6.
---------------+Article 193 7.
------------+Article 194 Principles governing the eligibility of credit risk mitigation techniques
---------------+Article 194 1.
---------------+Article 194 2.
---------------+Article 194 3.
---------------+Article 194 4.
---------------+Article 194 5.
---------------+Article 194 6.
---------------+Article 194 7.
---------------+Article 194 8.
---------------+Article 194 9.
---------+Section 2 Eligible forms of credit risk mitigation
------------+Sub-Section 1 Funded credit protection
---------------+Article 195 On-balance sheet netting
---------------+Article 196 Master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market-driven transactions
---------------+Article 197 Eligibility of collateral under all approaches and methods
------------------+Article 197 1.
------------------+Article 197 2.
------------------+Article 197 3.
------------------+Article 197 4.
------------------+Article 197 5.
------------------+Article 197 6.
------------------+Article 197 7.
------------------+Article 197 8.
---------------+Article 198 Additional eligibility of collateral under the Financial Collateral Comprehensive Method
------------------+Article 198 1.
------------------+Article 198 2.
---------------+Article 199 Additional eligibility for collateral under the IRB Approach
------------------+Article 199 1.
------------------+Article 199 2.
------------------+Article 199 3.
------------------+Article 199 4.
------------------+Article 199 4a.
------------------+Article 199 5.
------------------+Article 199 6.
------------------+Article 199 7.
------------------+Article 199 8.
---------------+Article 200 Other funded credit protection
------------+Sub-Section 2 Unfunded credit protection
---------------+Article 201 Eligibility of protection providers under all approaches
------------------+Article 201 1.
------------------+Article 201 2.
---------------+Article 203 Eligibility of guarantees as unfunded credit protection
------------+Sub-Section 3 Types of derivatives
---------------+Article 204 Eligible types of credit derivatives
------------------+Article 204 1.
------------------+Article 204 2.
------------------+Article 204 3.
---------------+Article 204a Eligible types of equity derivatives
------------------+Article 204a 1.
------------------+Article 204a 2.
---------+Section 3 Requirements
------------+Sub-Section 1 Funded credit protection
---------------+Article 205 Requirements for on-balance sheet netting agreements other than master netting agreements referred to in Article 206
---------------+Article 206 Requirements for master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market driven transactions
---------------+Article 207 Requirements for financial collateral
------------------+Article 207 1.
------------------+Article 207 2.
------------------+Article 207 3.
------------------+Article 207 4.
------------------+Article 207 5.
---------------+Article 208 Requirements for immovable property collateral
------------------+Article 208 1.
------------------+Article 208 2.
------------------+Article 208 3.
------------------+Article 208 3a.
------------------+Article 208 4.
------------------+Article 208 5.
---------------+Article 209 Requirements for receivables
------------------+Article 209 1.
------------------+Article 209 2.
------------------+Article 209 3.
---------------+Article 210 Requirements for other physical collateral
---------------+Article 211 Requirements for treating lease exposures as collateralised
---------------+Article 212 Requirements for other funded credit protection
------------------+Article 212 1.
------------------+Article 212 2.
------------+Sub-Section 2 Unfunded credit protection and credit linked notes
---------------+Article 213 Requirements common to guarantees and credit derivatives
------------------+Article 213 1.
------------------+Article 213 2.
------------------+Article 213 3.
---------------+Article 214 Sovereign and other public sector counter-guarantees
------------------+Article 214 1.
------------------+Article 214 2.
------------------+Article 214 3.
---------------+Article 215 Additional requirements for guarantees
------------------+Article 215 1.
------------------+Article 215 2.
---------------+Article 216 Additional requirements for credit derivatives
------------------+Article 216 1.
------------------+Article 216 2.
------------------+Article 216 3.
---------+Section 4 Calculating the effects of credit risk mitigation
------------+Sub-Section 1 Funded credit protection
---------------+Article 218 Credit linked notes
---------------+Article 219 On-balance-sheet netting
---------------+Article 220 Using the Supervisory Volatility Adjustments Approach for master netting agreements
------------------+Article 220 1.
------------------+Article 220 2.
------------------+Article 220 3.
------------------+Article 220 4.
------------------+Article 220 5.
---------------+Article 221 Using the internal models approach for master netting agreements
------------------+Article 221 1.
------------------+Article 221 2.
------------------+Article 221 3.
------------------+Article 221 4.
------------------+Article 221 5.
------------------+Article 221 6.
------------------+Article 221 7.
------------------+Article 221 9.
---------------+Article 222 Financial Collateral Simple Method
------------------+Article 222 1.
------------------+Article 222 2.
------------------+Article 222 3.
------------------+Article 222 4.
------------------+Article 222 5.
------------------+Article 222 6.
------------------+Article 222 7.
---------------+Article 223 Financial Collateral Comprehensive Method
------------------+Article 223 1.
------------------+Article 223 2.
------------------+Article 223 3.
------------------+Article 223 4.
------------------+Article 223 5.
------------------+Article 223 6.
------------------+Article 223 7.
---------------+Article 224 Supervisory volatility adjustment under the Financial Collateral Comprehensive Method
------------------+Article 224 1.
------------------+Article 224 2.
------------------+Article 224 3.
------------------+Article 224 4.
------------------+Article 224 5.
------------------+Article 224 6.
---------------+Article 226 Scaling up of volatility adjustment under the Financial Collateral Comprehensive Method
---------------+Article 227 Conditions for applying a 0 % volatility adjustment under the Financial Collateral Comprehensive Method
------------------+Article 227 1.
------------------+Article 227 2.
------------------+Article 227 3.
---------------+Article 228 Calculating risk-weighted exposure amounts under the Financial Collateral Comprehensive method for exposures treated under the Standardised Approach
---------------+Article 229 Valuation principles for eligible collateral other than financial collateral
------------------+Article 229 1.
------------------+Article 229 2.
------------------+Article 229 3.
------------------+Article 229 4.
---------------+Article 230 Calculating risk-weighted exposure amounts and expected loss amounts for an exposure with an eligible funded credit protection under the IRB Approach
------------------+Article 230 1.
------------------+Article 230 2.
------------------+Article 230 3.
------------------+Article 230 4.
------------------+Article 230 5.
---------------+Article 231 Calculating risk-weighted exposure amounts and expected loss amounts in the case of pools of eligible funded credit protection for an exposure treated under the IRB Approach
---------------+Article 232 Other funded credit protection
------------------+Article 232 1.
------------------+Article 232 2.
------------------+Article 232 3.
------------------+Article 232 4.
------------+Sub-Section 2 Unfunded credit protection
---------------+Article 233 Valuation
------------------+Article 233 1.
------------------+Article 233 2.
------------------+Article 233 3.
------------------+Article 233 4.
---------------+Article 234 Calculating risk-weighted exposure amounts and expected loss amounts in the event of partial protection and tranching
---------------+Article 235 Calculating risk-weighted exposure amounts under the substitution approach where the guaranteed exposure is treated under the Standardised Approach
------------------+Article 235 1.
------------------+Article 235 2.
------------------+Article 235 3.
---------------+Article 235a Calculating risk-weighted exposure amounts and expected loss amounts under the substitution approach where the guaranteed exposure is treated under the IRB Approach and a comparable direct exposure to the protection provider is treated under the Standardised Approach
------------------+Article 235a 1.
------------------+Article 235a 2.
------------------+Article 235a 3.
------------------+Article 235a 4.
------------------+Article 235a 5.
---------------+Article 236 Calculating risk-weighted exposure amounts and expected loss amounts under the substitution approach where the guaranteed exposure is treated under the IRB Approach without the use of own estimates of LGD and a comparable direct exposure to the protection provider is treated under the IRB Approach
------------------+Article 236 1.
------------------+Article 236 1a.
------------------+Article 236 1b.
------------------+Article 236 1c.
------------------+Article 236 1d.
------------------+Article 236 2.
------------------+Article 236 3.
---------------+Article 236a Calculating risk-weighted exposure amounts and expected loss amounts under the substitution approach where the guaranteed exposure is treated under the IRB Approach using own estimates of LGD and a comparable direct exposure to the protection provider is treated under the IRB Approach
------------------+Article 236a 1.
------------------+Article 236a 2.
------------------+Article 236a 3.
------------------+Article 236a 4.
------------------+Article 236a 5.
---------+Section 5 Maturity mismatches
------------+Article 237 Maturity mismatch
---------------+Article 237 1.
---------------+Article 237 2.
------------+Article 238 Maturity of credit protection
---------------+Article 238 1.
---------------+Article 238 2.
---------------+Article 238 3.
------------+Article 239 Valuation of protection
---------------+Article 239 1.
---------------+Article 239 2.
---------------+Article 239 3.
------+CHAPTER 5 Securitisation
---------+Section 1 Definitions and criteria for simple, transparent and standardised securitisations
------------+Article 242 Definitions
------------+Article 243 Criteria for STS securitisations qualifying for differentiated capital treatment
---------------+Article 243 1.
---------------+Article 243 2.
---------+Section 2 Recognition of significant risk transfer
------------+Article 244 Traditional securitisation
---------------+Article 244 1.
---------------+Article 244 2.
---------------+Article 244 3.
---------------+Article 244 4.
---------------+Article 244 5.
---------------+Article 244 6.
------------+Article 245 Synthetic securitisation
---------------+Article 245 1.
---------------+Article 245 2.
---------------+Article 245 3.
---------------+Article 245 4.
---------------+Article 245 5.
---------------+Article 245 6.
------------+Article 246 Operational requirements for early amortisation provisions
---------+Section 3 Calculation of risk-weighted exposure amounts
------------+Subsection 1 General Provisions
---------------+Article 247 Calculation of risk-weighted exposure amounts
------------------+Article 247 1.
------------------+Article 247 2.
------------------+Article 247 3.
------------------+Article 247 4.
------------------+Article 247 5.
------------------+Article 247 6.
---------------+Article 248 Exposure value
------------------+Article 248 1.
------------------+Article 248 2.
------------------+Article 248 3.
------------------+Article 248 4.
---------------+Article 249 Recognition of credit risk mitigation for securitisation positions
------------------+Article 249 1.
------------------+Article 249 2.
------------------+Article 249 3.
------------------+Article 249 4.
------------------+Article 249 5.
------------------+Article 249 6.
------------------+Article 249 7.
------------------+Article 249 8.
------------------+Article 249 9.
------------------+Article 249 10.
---------------+Article 250 Implicit support
------------------+Article 250 1.
------------------+Article 250 2.
------------------+Article 250 3.
------------------+Article 250 4.
------------------+Article 250 5.
---------------+Article 251 Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisation
------------------+Article 251 1.
------------------+Article 251 2.
---------------+Article 252 Treatment of maturity mismatches in synthetic securitisations
---------------+Article 253 Reduction in risk-weighted exposure amounts
------------------+Article 253 1.
------------------+Article 253 2.
------------+Subsection 2 Hierarchy of methods and common parameters
---------------+Article 254 Hierarchy of methods
------------------+Article 254 1.
------------------+Article 254 2.
------------------+Article 254 3.
------------------+Article 254 4.
------------------+Article 254 5.
------------------+Article 254 6.
------------------+Article 254 7.
------------------+Article 254 8.
---------------+Article 255 Determination of KIRBand KSA
------------------+Article 255 1.
------------------+Article 255 2.
------------------+Article 255 3.
------------------+Article 255 4.
------------------+Article 255 5.
------------------+Article 255 6.
------------------+Article 255 7.
------------------+Article 255 8.
------------------+Article 255 9.
---------------+Article 256 Determination of attachment point (A) and detachment point (D)
------------------+Article 256 1.
------------------+Article 256 2.
------------------+Article 256 3.
------------------+Article 256 4.
------------------+Article 256 5.
------------------+Article 256 6.
---------------+Article 257 Determination of tranche maturity (MT)
------------------+Article 257 1.
------------------+Article 257 2.
------------------+Article 257 3.
------------------+Article 257 4.
------------+Subsection 3 Methods to calculate risk-weighted exposure amounts
---------------+Article 258 Conditions for the use of the Internal Ratings Based Approach (SEC-IRBA)
------------------+Article 258 1.
------------------+Article 258 2.
---------------+Article 259 Calculation of risk-weighted exposure amounts under the SEC-IRBA
------------------+Article 259 1.
------------------+Article 259 2.
------------------+Article 259 3.
------------------+Article 259 4.
------------------+Article 259 5.
------------------+Article 259 6.
------------------+Article 259 7.
------------------+Article 259 8.
---------------+Article 260 Treatment of STS securitisations under the SEC-IRBA
---------------+Article 261 Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA)
------------------+Article 261 1.
------------------+Article 261 2.
------------------+Article 261 3.
---------------+Article 262 Treatment of STS securitisations under the SEC-SA
---------------+Article 263 Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA)
------------------+Article 263 1.
------------------+Article 263 2.
------------------+Article 263 3.
------------------+Article 263 4.
------------------+Article 263 5.
------------------+Article 263 6.
------------------+Article 263 7.
------------------+Article 263 8.
---------------+Article 264 Treatment of STS securitisations under the SEC-ERBA
------------------+Article 264 1.
------------------+Article 264 2.
------------------+Article 264 3.
---------------+Article 265 Scope and operational requirements for the Internal Assessment Approach
------------------+Article 265 1.
------------------+Article 265 2.
------------------+Article 265 3.
------------------+Article 265 4.
---------------+Article 266 Calculation of risk-weighted exposure amounts under the Internal Assessment Approach
------------------+Article 266 1.
------------------+Article 266 2.
------------+Subsection 4 Caps for securitisation positions
---------------+Article 267 Maximum risk weight for senior securitisation positions: look-through approach
------------------+Article 267 1.
------------------+Article 267 2.
------------------+Article 267 3.
------------------+Article 267 4.
---------------+Article 268 Maximum capital requirements
------------------+Article 268 1.
------------------+Article 268 2.
------------------+Article 268 3.
------------------+Article 268 4.
------------+Subsection 5 Miscellaneous provisions
---------------+Article 269 Re-securitisations
------------------+Article 269 1.
------------------+Article 269 2.
------------------+Article 269 3.
------------------+Article 269 4.
---------------+Article 269a Treatment of non-performing exposures (NPE) securitisations
------------------+Article 269a 1.
------------------+Article 269a 2.
------------------+Article 269a 3.
------------------+Article 269a 4.
------------------+Article 269a 5.
------------------+Article 269a 6.
------------------+Article 269a 7.
---------------+Article 270 Senior positions in STS on-balance sheet securitisations
------------------+Article 270 1.
------------------+Article 270 2.
------------------+Article 270 3.
------------------+Article 270 4.
---------------+Article 270a Additional risk weight
------------------+Article 270a 1.
------------------+Article 270a 2.
---------+Section 4 External credit assessments
------------+Article 270b Use of credit assessments by ECAIs
------------+Article 270c Requirements to be met by the credit assessments of ECAIs
------------+Article 270d Use of credit assessments
---------------+Article 270d 1.
---------------+Article 270d 2.
---------------+Article 270d 3.
---------------+Article 270d 4.
------------+Article 270e Securitisation mapping
------+CHAPTER 6 Counterparty credit risk
---------+Section 1 Definitions
------------+Article 271 Determination of the exposure value
---------------+Article 271 1.
---------------+Article 271 2.
------------+Article 272 Definitions
---------+Section 2 Methods for calculating the exposure value
------------+Article 273 Methods for calculating the exposure value
---------------+Article 273 1.
---------------+Article 273 2.
---------------+Article 273 3.
---------------+Article 273 4.
---------------+Article 273 5.
---------------+Article 273 6.
---------------+Article 273 7.
---------------+Article 273 8.
---------------+Article 273 9.
------------+Article 273a Conditions for using simplified methods for calculating the exposure value
---------------+Article 273a 1.
---------------+Article 273a 2.
---------------+Article 273a 3.
---------------+Article 273a 4.
---------------+Article 273a 5.
---------------+Article 273a 6.
------------+Article 273b Non-compliance with the conditions for using simplified methods for calculating the exposure value of derivatives and the simplified approach for calculating the own funds requirements for CVA risk
---------------+Article 273b 1.
---------------+Article 273b 2.
---------------+Article 273b 3.
---------+Section 3 Standardised approach for counterparty credit risk
------------+Article 274 Exposure value
---------------+Article 274 1.
---------------+Article 274 2.
---------------+Article 274 3.
---------------+Article 274 4.
---------------+Article 274 5.
---------------+Article 274 6.
---------------+Article 274 7.
------------+Article 275 Replacement cost
---------------+Article 275 1.
---------------+Article 275 2.
---------------+Article 275 3.
------------+Article 276 Recognition and treatment of collateral
---------------+Article 276 1.
---------------+Article 276 2.
---------------+Article 276 3.
------------+Article 277 Mapping of transactions to risk categories
---------------+Article 277 1.
---------------+Article 277 2.
---------------+Article 277 3.
---------------+Article 277 4.
---------------+Article 277 5.
------------+Article 277a Hedging sets
---------------+Article 277a 1.
---------------+Article 277a 2.
---------------+Article 277a 3.
------------+Article 278 Potential future exposure
---------------+Article 278 1.
---------------+Article 278 2.
---------------+Article 278 3.
------------+Article 279 Calculation of the risk position
------------+Article 279a Supervisory delta
---------------+Article 279a 1.
---------------+Article 279a 2.
---------------+Article 279a 3.
------------+Article 279b Adjusted notional amount
---------------+Article 279b 1.
---------------+Article 279b 2.
---------------+Article 279b 3.
------------+Article 279c Maturity Factor
---------------+Article 279c 1.
---------------+Article 279c 2.
------------+Article 280 Hedging set supervisory factor coefficient
------------+Article 280a Interest rate risk category add-on
---------------+Article 280a 1.
---------------+Article 280a 2.
---------------+Article 280a 3.
------------+Article 280b Foreign exchange risk category add-on
---------------+Article 280b 1.
---------------+Article 280b 2.
------------+Article 280c Credit risk category add-on
---------------+Article 280c 1.
---------------+Article 280c 2.
---------------+Article 280c 3.
---------------+Article 280c 4.
---------------+Article 280c 5.
------------+Article 280d Equity risk category add-on
---------------+Article 280d 1.
---------------+Article 280d 2.
---------------+Article 280d 3.
---------------+Article 280d 4.
------------+Article 280e Commodity risk category add-on
---------------+Article 280e 1.
---------------+Article 280e 2.
---------------+Article 280e 3.
---------------+Article 280e 4.
---------------+Article 280e 5.
------------+Article 280f Other risks category add-on
---------------+Article 280f 1.
---------------+Article 280f 2.
---------+Section 4 Simplified standardised approach for counterparty credit risk
------------+Article 281 Calculation of the exposure value
---------------+Article 281 1.
---------------+Article 281 2.
---------+Section 5 Original exposure method
------------+Article 282 Calculation of the exposure value
---------------+Article 282 1.
---------------+Article 282 2.
---------------+Article 282 3.
---------------+Article 282 4.
---------+Section 6 Internal Model Method
------------+Article 283 Permission to use the Internal Model Method
---------------+Article 283 1.
---------------+Article 283 2.
---------------+Article 283 3.
---------------+Article 283 4.
---------------+Article 283 5.
---------------+Article 283 6.
------------+Article 284 Exposure value
---------------+Article 284 1.
---------------+Article 284 2.
---------------+Article 284 3.
---------------+Article 284 4.
---------------+Article 284 5.
---------------+Article 284 6.
---------------+Article 284 7.
---------------+Article 284 8.
---------------+Article 284 9.
---------------+Article 284 10.
---------------+Article 284 11.
---------------+Article 284 12.
---------------+Article 284 13.
------------+Article 285 Exposure value for netting sets subject to a margin agreement
---------------+Article 285 1.
---------------+Article 285 2.
---------------+Article 285 3.
---------------+Article 285 4.
---------------+Article 285 5.
---------------+Article 285 6.
---------------+Article 285 7.
---------------+Article 285 7a.
---------------+Article 285 8.
------------+Article 286 Management of CCR — Policies, processes and systems
---------------+Article 286 1.
---------------+Article 286 2.
---------------+Article 286 3.
---------------+Article 286 4.
---------------+Article 286 5.
---------------+Article 286 6.
---------------+Article 286 7.
---------------+Article 286 8.
------------+Article 287 Organisation structures for CCR management
---------------+Article 287 1.
---------------+Article 287 2.
---------------+Article 287 3.
---------------+Article 287 4.
------------+Article 288 Review of CCR management system
------------+Article 289 Use test
---------------+Article 289 1.
---------------+Article 289 2.
---------------+Article 289 3.
---------------+Article 289 4.
---------------+Article 289 5.
---------------+Article 289 6.
------------+Article 290 Stress testing
---------------+Article 290 1.
---------------+Article 290 2.
---------------+Article 290 3.
---------------+Article 290 4.
---------------+Article 290 5.
---------------+Article 290 6.
---------------+Article 290 7.
---------------+Article 290 8.
---------------+Article 290 9.
---------------+Article 290 10.
------------+Article 291 Wrong-Way Risk
---------------+Article 291 1.
---------------+Article 291 2.
---------------+Article 291 3.
---------------+Article 291 4.
---------------+Article 291 5.
---------------+Article 291 6.
------------+Article 292 Integrity of the modelling process
---------------+Article 292 1.
---------------+Article 292 2.
---------------+Article 292 3.
---------------+Article 292 4.
---------------+Article 292 5.
---------------+Article 292 6.
---------------+Article 292 7.
---------------+Article 292 8.
---------------+Article 292 9.
---------------+Article 292 10.
------------+Article 293 Requirements for the risk management system
---------------+Article 293 1.
---------------+Article 293 2.
---------------+Article 293 3.
---------------+Article 293 4.
---------------+Article 293 5.
---------------+Article 293 6.
------------+Article 294 Validation requirements
---------------+Article 294 1.
---------------+Article 294 2.
---------------+Article 294 3.
---------+Section 7 Contractual netting
------------+Article 295 Recognition of contractual netting as risk-reducing
------------+Article 296 Recognition of contractual netting agreements
---------------+Article 296 1.
---------------+Article 296 2.
---------------+Article 296 3.
------------+Article 297 Obligations of institutions
---------------+Article 297 1.
---------------+Article 297 2.
---------------+Article 297 3.
---------------+Article 297 4.
------------+Article 298 Effects of recognition of netting as risk-reducing
---------+Section 8 Items in the trading book
------------+Article 299 Items in the trading book
---------------+Article 299 1.
---------------+Article 299 2.
---------+Section 9 Own funds requirements for exposures to a central counterparty
------------+Article 300 Definitions
------------+Article 301 Material scope
---------------+Article 301 1.
---------------+Article 301 2.
------------+Article 302 Monitoring of exposures to CCPs
---------------+Article 302 1.
---------------+Article 302 2.
------------+Article 303 Treatment of clearing members' exposures to CCPs
---------------+Article 303 1.
---------------+Article 303 2.
------------+Article 304 Treatment of clearing members' exposures to clients
---------------+Article 304 1.
---------------+Article 304 2.
---------------+Article 304 3.
---------------+Article 304 4.
---------------+Article 304 5.
---------------+Article 304 6.
---------------+Article 304 7.
------------+Article 305 Treatment of clients' exposures
---------------+Article 305 1.
---------------+Article 305 2.
---------------+Article 305 3.
---------------+Article 305 4.
------------+Article 306 Own funds requirements for trade exposures
---------------+Article 306 1.
---------------+Article 306 2.
---------------+Article 306 3.
---------------+Article 306 4.
------------+Article 307 Own funds requirements for contributions to the default fund of a CCP
------------+Article 308 Own funds requirements for pre-funded contributions to the default fund of a QCCP
---------------+Article 308 1.
---------------+Article 308 2.
---------------+Article 308 3.
------------+Article 309 Own funds requirements for pre-funded contributions to the default fund of a non-qualifying CCP and for unfunded contributions to a non-qualifying CCP
---------------+Article 309 1.
---------------+Article 309 2.
------------+Article 310 Own funds requirements for unfunded contributions to the default fund of a QCCP
------------+Article 311 Own funds requirements for exposures to CCPs that cease to meet certain conditions
---------------+Article 311 1.
---------------+Article 311 2.
---+TITLE III OWN FUNDS REQUIREMENT FOR OPERATIONAL RISK
------+CHAPTER 1 CALCULATION OF THE OWN FUNDS REQUIREMENT FOR OPERATIONAL RISK
---------+Article 311a Definitions
---------+Article 312 Own funds requirement for operational risk
---------+Article 313 Business indicator component
---------+Article 314 Business indicator
------------+Article 314 1.
------------+Article 314 2.
------------+Article 314 3.
------------+Article 314 4.
------------+Article 314 5.
------------+Article 314 6.
------------+Article 314 7.
------------+Article 314 8.
------------+Article 314 9.
------------+Article 314 10.
---------+Article 315 Adjustments to the business indicator
------------+Article 315 1.
------------+Article 315 2.
------------+Article 315 3.
------+CHAPTER 2 DATA COLLECTION AND GOVERNANCE
---------+Article 316 Calculation of the annual operational risk loss
------------+Article 316 1.
------------+Article 316 2.
------------+Article 316 3.
---------+Article 317 Loss data set
------------+Article 317 1.
------------+Article 317 2.
------------+Article 317 3.
------------+Article 317 4.
------------+Article 317 5.
------------+Article 317 6.
------------+Article 317 7.
------------+Article 317 8.
------------+Article 317 9.
------------+Article 317 10.
---------+Article 318 Calculation of net loss and gross loss
------------+Article 318 1.
------------+Article 318 2.
------------+Article 318 3.
------------+Article 318 4.
---------+Article 319 Loss data thresholds
------------+Article 319 1.
------------+Article 319 2.
------------+Article 319 3.
---------+Article 320 Exclusion of losses
------------+Article 320 1.
------------+Article 320 2.
------------+Article 320 3.
---------+Article 321 Inclusion of losses from merged or acquired entities or activities
------------+Article 321 1.
------------+Article 321 2.
---------+Article 322 Comprehensiveness, accuracy and quality of the loss data
------------+Article 322 1.
------------+Article 322 2.
---------+Article 323 Operational risk management framework
------------+Article 323 1.
------------+Article 323 2.
---+TITLE IV OWN FUNDS REQUIREMENTS FOR MARKET RISK
------+CHAPTER 1 General provisions
---------+Article 325 Approaches for calculating the own funds requirements for market risk
------------+Article 325 1.
------------+Article 325 2.
------------+Article 325 3.
------------+Article 325 4.
------------+Article 325 5.
------------+Article 325 6.
------------+Article 325 7.
------------+Article 325 8.
------------+Article 325 9.
---------+Article 325a Conditions for using the simplified standardised approach
------------+Article 325a 1.
------------+Article 325a 2.
------------+Article 325a 3.
------------+Article 325a 4.
------------+Article 325a 5.
------------+Article 325a 6.
------------+Article 325a 7.
---------+Article 325b Permission for consolidated requirements
------------+Article 325b 1.
------------+Article 325b 2.
------------+Article 325b 3.
------------+Article 325b 4.
------+CHAPTER 1a Alternative standardised approach
---------+Section 1 General provisions
------------+Article 325c Scope, structure and qualitative requirements of the alternative standardised approach
---------------+Article 325c 1.
---------------+Article 325c 2.
---------------+Article 325c 3.
---------------+Article 325c 4.
---------------+Article 325c 5.
---------------+Article 325c 6.
---------------+Article 325c 7.
---------------+Article 325c 8.
---------+Section 2 Sensitivities-based method for calculating the own funds requirement
------------+Article 325d Definitions
------------+Article 325e Components of the sensitivities-based method
---------------+Article 325e 1.
---------------+Article 325e 2.
---------------+Article 325e 3.
------------+Article 325f Own funds requirements for delta and vega risks
---------------+Article 325f 1.
---------------+Article 325f 2.
---------------+Article 325f 3.
---------------+Article 325f 4.
---------------+Article 325f 5.
---------------+Article 325f 6.
---------------+Article 325f 7.
---------------+Article 325f 8.
------------+Article 325g Own funds requirements for curvature risk
---------------+Article 325g 1.
---------------+Article 325g 2.
---------------+Article 325g 3.
---------------+Article 325g 4.
---------------+Article 325g 5.
---------------+Article 325g 6.
---------------+Article 325g 7.
------------+Article 325h Aggregation of risk-class specific own funds requirements for delta, vega and curvature risks
---------------+Article 325h 1.
---------------+Article 325h 2.
---------------+Article 325h 3.
---------------+Article 325h 4.
------------+Article 325i Treatment of index instruments and other multi-underlying instruments
---------------+Article 325i 1.
---------------+Article 325i 2.
---------------+Article 325i 3.
---------------+Article 325i 4.
---------------+Article 325i 5.
---------------+Article 325i 6.
------------+Article 325j Treatment of collective investment undertakings
---------------+Article 325j 1.
---------------+Article 325j 1a.
---------------+Article 325j 2.
---------------+Article 325j 3.
---------------+Article 325j 4.
---------------+Article 325j 5.
---------------+Article 325j 6.
---------------+Article 325j 7.
------------+Article 325k Underwriting positions
---------------+Article 325k 1.
---------------+Article 325k 2.
---------------+Article 325k 3.
---------+Section 3 Risk factor and sensitivity definitions
------------+Subsection 1 Risk factor definitions
---------------+Article 325l General interest rate risk factors
------------------+Article 325l 1.
------------------+Article 325l 2.
------------------+Article 325l 3.
------------------+Article 325l 4.
------------------+Article 325l 5.
------------------+Article 325l 6.
------------------+Article 325l 7.
------------------+Article 325l 8.
------------------+Article 325l 9.
---------------+Article 325m Credit spread risk factors for non-securitisation
------------------+Article 325m 1.
------------------+Article 325m 2.
------------------+Article 325m 3.
------------------+Article 325m 4.
---------------+Article 325n Credit spread risk factors for securitisation
------------------+Article 325n 1.
------------------+Article 325n 2.
------------------+Article 325n 3.
------------------+Article 325n 4.
------------------+Article 325n 5.
---------------+Article 325o Equity risk factors
------------------+Article 325o 1.
------------------+Article 325o 2.
------------------+Article 325o 3.
------------------+Article 325o 4.
---------------+Article 325p Commodity risk factors
------------------+Article 325p 1.
------------------+Article 325p 2.
------------------+Article 325p 3.
------------------+Article 325p 4.
---------------+Article 325q Foreign exchange risk factors
------------------+Article 325q 1.
------------------+Article 325q 2.
------------------+Article 325q 3.
------------------+Article 325q 4.
------------------+Article 325q 5.
------------------+Article 325q 6.
------------------+Article 325q 7.
------------+Subsection 2 Sensitivity definitions
---------------+Article 325r Delta risk sensitivities
------------------+Article 325r 1.
------------------+Article 325r 2.
------------------+Article 325r 3.
------------------+Article 325r 4.
------------------+Article 325r 5.
---------------+Article 325s Vega risk sensitivities
------------------+Article 325s 1.
------------------+Article 325s 2.
------------------+Article 325s 3.
------------------+Article 325s 4.
---------------+Article 325t Requirements on sensitivity computations
------------------+Article 325t 1.
------------------+Article 325t 2.
------------------+Article 325t 3.
------------------+Article 325t 4.
------------------+Article 325t 5.
------------------+Article 325t 6.
---------+Section 4 The residual risk add-on
------------+Article 325u Own funds requirements for residual risks
---------------+Article 325u 1.
---------------+Article 325u 2.
---------------+Article 325u 3.
---------------+Article 325u 4.
---------------+Article 325u 4a.
---------------+Article 325u 5.
---------------+Article 325u 6.
---------------+Article 325u 7.
---------+Section 5 Own funds requirements for the default risk
------------+Article 325v Definitions and general provisions
---------------+Article 325v 1.
---------------+Article 325v 2.
---------------+Article 325v 3.
------------+Subsection 1 Own funds requirements for the default risk for non-securitisations
---------------+Article 325w Gross jump-to-default amounts
------------------+Article 325w 1.
------------------+Article 325w 2.
------------------+Article 325w 3.
------------------+Article 325w 4.
------------------+Article 325w 5.
------------------+Article 325w 6.
------------------+Article 325w 7.
------------------+Article 325w 8.
---------------+Article 325x Net jump-to-default amounts
------------------+Article 325x 1.
------------------+Article 325x 2.
------------------+Article 325x 3.
------------------+Article 325x 4.
------------------+Article 325x 5.
---------------+Article 325y Calculation of the own funds requirements for the default risk
------------------+Article 325y 1.
------------------+Article 325y 2.
------------------+Article 325y 3.
------------------+Article 325y 4.
------------------+Article 325y 5.
------------------+Article 325y 6.
------------+Subsection 2 Own funds requirements for the default risk for securitisations not included in the ACTP
---------------+Article 325z Jump-to-default amounts
------------------+Article 325z 1.
------------------+Article 325z 2.
------------------+Article 325z 3.
------------------+Article 325z 4.
------------------+Article 325z 5.
---------------+Article 325aa Calculation of the own funds requirement for the default risk for securitisations
------------------+Article 325aa 1.
------------------+Article 325aa 2.
------------------+Article 325aa 3.
------------------+Article 325aa 4.
------------------+Article 325aa 5.
------------------+Article 325aa 6.
------------------+Article 325aa 7.
------------+Subsection 3 Own funds requirements for the default risk for securitisations included in the ACTP
---------------+Article 325ab Scope
---------------+Article 325ac Jump-to-default amounts for the ACTP
------------------+Article 325ac 1.
------------------+Article 325ac 2.
------------------+Article 325ac 3.
------------------+Article 325ac 4.
---------------+Article 325ad Calculation of the own funds requirements for the default risk for the ACTP
------------------+Article 325ad 1.
------------------+Article 325ad 2.
------------------+Article 325ad 3.
------------------+Article 325ad 4.
---------+Section 6 Risk weights and correlations
------------+Subsection 1 Delta risk weights and correlations
---------------+Article 325ae Risk weights for general interest rate risk
------------------+Article 325ae 1.
------------------+Article 325ae 2.
------------------+Article 325ae 3.
---------------+Article 325af Intra bucket correlations for general interest rate risk
------------------+Article 325af 1.
------------------+Article 325af 2.
------------------+Article 325af 3.
------------------+Article 325af 4.
------------------+Article 325af 5.
---------------+Article 325ag Correlations across buckets for general interest rate risk
------------------+Article 325ag 1.
------------------+Article 325ag 2.
---------------+Article 325ah Risk weights for credit spread risk for non-securitisations
------------------+Article 325ah 1.
------------------+Article 325ah 2.
------------------+Article 325ah 3.
---------------+Article 325ai Intra-bucket correlations for credit spread risk for non-securitisations
------------------+Article 325ai 1.
------------------+Article 325ai 2.
---------------+Article 325aj Correlations across buckets for credit spread risk for non-securitisations
---------------+Article 325ak Risk weights for credit spread risk for securitisations included in the ACTP
---------------+Article 325al Correlations for credit spread risk for securitisations included in the ACTP
------------------+Article 325al 1.
------------------+Article 325al 2.
---------------+Article 325am Risk weights for credit spread risk for securitisations not included in the ACTP
------------------+Article 325am 1.
------------------+Article 325am 2.
------------------+Article 325am 3.
---------------+Article 325an Intra-bucket correlations for credit spread risk for securitisations not included in the ACTP
------------------+Article 325an 1.
------------------+Article 325an 2.
---------------+Article 325ao Correlations across buckets for credit spread risk for securitisations not included in the ACTP
------------------+Article 325ao 1.
------------------+Article 325ao 2.
---------------+Article 325ap Risk weights for equity risk
------------------+Article 325ap 1.
------------------+Article 325ap 2.
------------------+Article 325ap 3.
------------------+Article 325ap 4.
---------------+Article 325aq Intra-bucket correlations for equity risk
------------------+Article 325aq 1.
------------------+Article 325aq 2.
------------------+Article 325aq 3.
------------------+Article 325aq 4.
------------------+Article 325aq 5.
---------------+Article 325ar Correlations across buckets for equity risk
---------------+Article 325as Risk weights for commodity risk
---------------+Article 325at Intra-bucket correlations for commodity risk
------------------+Article 325at 1.
------------------+Article 325at 2.
------------------+Article 325at 3.
------------------+Article 325at 4.
---------------+Article 325au Correlations across buckets for commodity risk
---------------+Article 325av Risk weights for foreign exchange risk
------------------+Article 325av 1.
------------------+Article 325av 2.
------------------+Article 325av 3.
------------------+Article 325av 4.
------------------+Article 325av 5.
---------------+Article 325aw Correlations for foreign exchange risk
------------+Subsection 2 Vega and curvature risk weights and correlations
---------------+Article 325ax Vega and curvature risk weights
------------------+Article 325ax 1.
------------------+Article 325ax 2.
------------------+Article 325ax 4.
------------------+Article 325ax 5.
------------------+Article 325ax 6.
---------------+Article 325ay Vega and curvature risk correlations
------------------+Article 325ay 1.
------------------+Article 325ay 2.
------------------+Article 325ay 3.
------------------+Article 325ay 4.
------------------+Article 325ay 5.
------+CHAPTER 1b Alternative internal model approach
---------+Section 1 Permission and own funds requirements
------------+Article 325az Alternative internal model approach and permission to use alternative internal models
---------------+Article 325az 1.
---------------+Article 325az 2.
---------------+Article 325az 3.
---------------+Article 325az 4.
---------------+Article 325az 5.
---------------+Article 325az 6.
---------------+Article 325az 7.
---------------+Article 325az 8.
---------------+Article 325az 9.
---------------+Article 325az 10.
------------+Article 325ba Own funds requirements when using alternative internal models
---------------+Article 325ba 1.
---------------+Article 325ba 2.
---------------+Article 325ba 3.
---------+Section 2 General requirements
------------+Article 325bb Expected shortfall risk measure
---------------+Article 325bb 1.
---------------+Article 325bb 2.
---------------+Article 325bb 3.
---------------+Article 325bb 4.
------------+Article 325bc Partial expected shortfall calculations
---------------+Article 325bc 1.
---------------+Article 325bc 2.
---------------+Article 325bc 3.
---------------+Article 325bc 4.
---------------+Article 325bc 5.
---------------+Article 325bc 6.
------------+Article 325bd Liquidity horizons
---------------+Article 325bd 1.
---------------+Article 325bd 2.
---------------+Article 325bd 3.
---------------+Article 325bd 4.
---------------+Article 325bd 5.
---------------+Article 325bd 5a.
---------------+Article 325bd 6.
---------------+Article 325bd 7.
------------+Article 325be Assessment of the modellability of risk factors
---------------+Article 325be 1.
---------------+Article 325be 1a.
---------------+Article 325be 2.
---------------+Article 325be 2a.
---------------+Article 325be 3.
------------+Article 325bf Regulatory back-testing requirements and multiplication factors
---------------+Article 325bf 1.
---------------+Article 325bf 2.
---------------+Article 325bf 3.
---------------+Article 325bf 4.
---------------+Article 325bf 5.
---------------+Article 325bf 6.
---------------+Article 325bf 7.
---------------+Article 325bf 8.
---------------+Article 325bf 9.
---------------+Article 325bf 10.
------------+Article 325bg Profit and loss attribution requirement
---------------+Article 325bg 1.
---------------+Article 325bg 2.
---------------+Article 325bg 3.
---------------+Article 325bg 4.
------------+Article 325bh Requirements on risk measurement
---------------+Article 325bh 1.
---------------+Article 325bh 2.
------------+Article 325bi Qualitative requirements
---------------+Article 325bi 1.
---------------+Article 325bi 2.
---------------+Article 325bi 3.
------------+Article 325bj Internal validation
---------------+Article 325bj 1.
---------------+Article 325bj 2.
---------------+Article 325bj 3.
------------+Article 325bk Calculation of stress scenario risk measure
---------------+Article 325bk 1.
---------------+Article 325bk 2.
---------------+Article 325bk 3.
---------+Section 3 Internal default risk model
------------+Article 325bl Scope of the internal default risk model
---------------+Article 325bl 1.
---------------+Article 325bl 2.
------------+Article 325bm Permission to use an internal default risk model
---------------+Article 325bm 1.
---------------+Article 325bm 2.
------------+Article 325bn Own funds requirements for default risk using an internal default risk model
---------------+Article 325bn 1.
---------------+Article 325bn 2.
---------------+Article 325bn 3.
------------+Article 325bo Recognition of hedges in an internal default risk model
---------------+Article 325bo 1.
---------------+Article 325bo 2.
---------------+Article 325bo 3.
------------+Article 325bp Particular requirements for an internal default risk model
---------------+Article 325bp 1.
---------------+Article 325bp 2.
---------------+Article 325bp 3.
---------------+Article 325bp 4.
---------------+Article 325bp 5.
---------------+Article 325bp 6.
---------------+Article 325bp 7.
---------------+Article 325bp 8.
---------------+Article 325bp 9.
---------------+Article 325bp 10.
---------------+Article 325bp 11.
---------------+Article 325bp 12.
------+CHAPTER 2 Own funds requirements for position risk
---------+Section 1 General provisions and specific instruments
------------+Article 326 Own funds requirements for position risk
------------+Article 327 Netting
---------------+Article 327 1.
---------------+Article 327 2.
---------------+Article 327 3.
------------+Article 328 Interest rate futures and forwards
---------------+Article 328 1.
---------------+Article 328 2.
------------+Article 329 Options and warrants
---------------+Article 329 1.
---------------+Article 329 2.
---------------+Article 329 3.
---------------+Article 329 4.
------------+Article 330 Swaps
------------+Article 331 Interest rate risk on derivative instruments
---------------+Article 331 1.
---------------+Article 331 2.
------------+Article 332 Credit Derivatives
---------------+Article 332 1.
---------------+Article 332 2.
---------------+Article 332 3.
------------+Article 333 Securities sold under a repurchase agreement or lent
---------+Section 2 Debt instruments
------------+Article 334 Net positions in debt instruments
------------+Sub-Section 1 Specific risk
---------------+Article 335 Cap on the own funds requirement for a net position
---------------+Article 336 Own funds requirement for non-securitisation debt instruments
------------------+Article 336 1.
------------------+Article 336 2.
------------------+Article 336 3.
------------------+Article 336 4.
---------------+Article 337 Own funds requirement for securitisation instruments
------------------+Article 337 1.
------------------+Article 337 2.
------------------+Article 337 3.
------------------+Article 337 4.
------------------+Article 337 5.
---------------+Article 338 Own funds requirement for the correlation trading portfolio
------------------+Article 338 1.
------------------+Article 338 2.
------------+Sub-Section 2 General risk
---------------+Article 339 Maturity-based calculation of general risk
------------------+Article 339 1.
------------------+Article 339 2.
------------------+Article 339 3.
------------------+Article 339 4.
------------------+Article 339 5.
------------------+Article 339 6.
------------------+Article 339 7.
------------------+Article 339 8.
------------------+Article 339 9.
---------------+Article 340 Duration-based calculation of general risk
------------------+Article 340 1.
------------------+Article 340 2.
------------------+Article 340 3.
------------------+Article 340 4.
------------------+Article 340 5.
------------------+Article 340 6.
------------------+Article 340 7.
---------+Section 3 Equities
------------+Article 341 Net positions in equity instruments
---------------+Article 341 1.
---------------+Article 341 2.
---------------+Article 341 3.
------------+Article 342 Specific risk of equity instruments
------------+Article 343 General risk of equity instruments
------------+Article 344 Stock indices
---------------+Article 344 1.
---------------+Article 344 2.
---------------+Article 344 3.
---------------+Article 344 4.
---------+Section 4 Underwriting
------------+Article 345 Reduction of net positions
---------------+Article 345 1.
---------------+Article 345 2.
---------+Section 5 Specific risk own funds requirements for positions hedged by credit derivatives
------------+Article 346 Allowance for hedges by credit derivatives
---------------+Article 346 1.
---------------+Article 346 2.
---------------+Article 346 3.
---------------+Article 346 4.
---------------+Article 346 5.
---------------+Article 346 6.
------------+Article 347 Allowance for hedges by first and nth-to default credit derivatives
---------+Section 6 Own funds requirements for CIUs
------------+Article 348 Own funds requirements for CIUs
---------------+Article 348 1.
---------------+Article 348 2.
------------+Article 349 General criteria for CIUs
------------+Article 350 Specific methods for CIUs
---------------+Article 350 1.
---------------+Article 350 2.
---------------+Article 350 3.
---------------+Article 350 4.
------+CHAPTER 3 Own funds requirements for foreign-exchange risk
---------+Article 351 De minimisand weighting for foreign exchange risk
---------+Article 352 Calculation of the overall net foreign exchange position
------------+Article 352 1.
------------+Article 352 3.
------------+Article 352 4.
------------+Article 352 5.
------------+Article 352 6.
---------+Article 353 Foreign exchange risk of CIUs
------------+Article 353 1.
------------+Article 353 2.
------------+Article 353 3.
---------+Article 354 Closely correlated currencies
------------+Article 354 1.
------------+Article 354 2.
------------+Article 354 3.
------------+Article 354 4.
------------+Article 354 5.
------------+Article 354 6.
------+CHAPTER 4 Own funds requirements for commodities risk
---------+Article 355 Choice of method for commodities risk
---------+Article 356 Ancillary commodities business
------------+Article 356 1.
------------+Article 356 2.
---------+Article 357 Positions in commodities
------------+Article 357 1.
------------+Article 357 2.
------------+Article 357 3.
------------+Article 357 4.
---------+Article 358 Particular instruments
------------+Article 358 1.
------------+Article 358 2.
------------+Article 358 3.
------------+Article 358 4.
------------+Article 358 5.
---------+Article 359 Maturity ladder approach
------------+Article 359 1.
------------+Article 359 2.
------------+Article 359 3.
------------+Article 359 4.
------------+Article 359 5.
------------+Article 359 6.
---------+Article 360 Simplified approach
------------+Article 360 1.
------------+Article 360 2.
---------+Article 361 Extended maturity ladder approach
---+TITLE V OWN FUNDS REQUIREMENTS FOR SETTLEMENT RISK
------+Article 378 Settlement/delivery risk
------+Article 379 Free deliveries
---------+Article 379 1.
---------+Article 379 2.
---------+Article 379 3.
------+Article 380 Waiver
---+TITLE VI OWN FUNDS REQUIREMENTS FOR CREDIT VALUATION ADJUSTMENT RISK
------+Article 381 Meaning of credit valuation adjustment
------+Article 382 Scope
---------+Article 382 1.
---------+Article 382 2.
---------+Article 382 3.
---------+Article 382 4.
---------+Article 382 4a.
---------+Article 382 4b.
---------+Article 382 4c.
---------+Article 382 5.
---------+Article 382 6.
------+Article 382a Approaches for calculating the own funds requirements for CVA risk
---------+Article 382a 1.
---------+Article 382a 2.
---------+Article 382a 3.
---------+Article 382a 4.
---------+Article 382a 5.
------+Article 383 Standardised approach
---------+Article 383 1.
---------+Article 383 2.
---------+Article 383 3.
------+Article 383a Regulatory CVA model
---------+Article 383a 1.
---------+Article 383a 2.
---------+Article 383a 3.
---------+Article 383a 4.
---------+Article 383a 5.
------+Article 383b Own funds requirements for delta and vega risks
---------+Article 383b 1.
---------+Article 383b 2.
---------+Article 383b 3.
---------+Article 383b 4.
---------+Article 383b 5.
---------+Article 383b 6.
---------+Article 383b 7.
---------+Article 383b 8.
------+Article 383c Interest rate risk factors
---------+Article 383c 1.
---------+Article 383c 2.
---------+Article 383c 3.
---------+Article 383c 4.
---------+Article 383c 5.
---------+Article 383c 6.
------+Article 383d Foreign exchange risk factors
---------+Article 383d 1.
---------+Article 383d 2.
---------+Article 383d 3.
------+Article 383e Counterparty credit spread risk factors
---------+Article 383e 1.
---------+Article 383e 2.
------+Article 383f Reference credit spread risk factors
---------+Article 383f 1.
---------+Article 383f 2.
------+Article 383g Equity risk factors
---------+Article 383g 1.
---------+Article 383g 2.
---------+Article 383g 3.
------+Article 383h Commodity risk factors
---------+Article 383h 1.
---------+Article 383h 2.
---------+Article 383h 3.
------+Article 383i Delta risk sensitivities
---------+Article 383i 1.
---------+Article 383i 2.
---------+Article 383i 3.
---------+Article 383i 4.
---------+Article 383i 5.
---------+Article 383i 6.
------+Article 383j Vega risk sensitivities
------+Article 383k Risk weights for interest rate risk
---------+Article 383k 1.
---------+Article 383k 2.
---------+Article 383k 3.
---------+Article 383k 4.
---------+Article 383k 5.
------+Article 383l Intra-bucket correlations for interest rate risk
---------+Article 383l 1.
---------+Article 383l 2.
---------+Article 383l 3.
------+Article 383m Correlation across buckets for interest rate risk
------+Article 383n Risk weights for foreign exchange risk
---------+Article 383n 1.
---------+Article 383n 2.
---------+Article 383n 3.
---------+Article 383n 4.
------+Article 383o Correlations for foreign exchange risk
---------+Article 383o 1.
---------+Article 383o 2.
------+Article 383p Risk weights for counterparty credit spread risk
---------+Article 383p 1.
---------+Article 383p 2.
---------+Article 383p 3.
---------+Article 383p 4.
------+Article 383q Intra-bucket correlations for counterparty credit spread risk
---------+Article 383q 1.
---------+Article 383q 2.
------+Article 383r Correlations across buckets for counterparty credit spread risk
------+Article 383s Risk weights for reference credit spread risk
---------+Article 383s 1.
---------+Article 383s 2.
---------+Article 383s 3.
---------+Article 383s 4.
---------+Article 383s 5.
------+Article 383t Intra-bucket correlations for reference credit spread risk
---------+Article 383t 1.
---------+Article 383t 2.
------+Article 383u Correlations across buckets for reference credit spread risk
---------+Article 383u 1.
---------+Article 383u 2.
------+Article 383v Risk weight buckets for equity risk
---------+Article 383v 1.
---------+Article 383v 2.
---------+Article 383v 3.
---------+Article 383v 4.
---------+Article 383v 5.
------+Article 383w Correlations across buckets for equity risk
------+Article 383x Risk weight buckets for commodity risk
---------+Article 383x 1.
---------+Article 383x 2.
------+Article 383z Correlations across buckets for commodity risk
---------+Article 383z 1.
---------+Article 383z 2.
------+Article 384 Basic approach
---------+Article 384 1.
---------+Article 384 2.
---------+Article 384 3.
------+Article 385 Simplified approach
---------+Article 385 1.
---------+Article 385 2.
---------+Article 385 3.
------+Article 386 Eligible hedges
---------+Article 386 1.
---------+Article 386 2.
---------+Article 386 3.
---------+Article 386 4.
---------+Article 386 5.

PART THREE CAPITAL REQUIREMENTS

PART THREE CAPITAL REQUIREMENTS

1. Overview

,

Summary	Regulation
TITLE I GENERAL REQUIREMENTS, VALUATION AND REPORTING	TITLE I GENERAL REQUIREMENTS, VALUATION AND REPORTING
TITLE II CAPITAL REQUIREMENTS FOR CREDIT RISK	TITLE II CAPITAL REQUIREMENTS FOR CREDIT RISK
TITLE III OWN FUNDS REQUIREMENT FOR OPERATIONAL RISK	TITLE III OWN FUNDS REQUIREMENT FOR OPERATIONAL RISK
TITLE IV OWN FUNDS REQUIREMENTS FOR MARKET RISK	TITLE IV OWN FUNDS REQUIREMENTS FOR MARKET RISK
TITLE V OWN FUNDS REQUIREMENTS FOR SETTLEMENT RISK	TITLE V OWN FUNDS REQUIREMENTS FOR SETTLEMENT RISK
TITLE VI OWN FUNDS REQUIREMENTS FOR CREDIT VALUATION ADJUSTMENT RISK	TITLE VI OWN FUNDS REQUIREMENTS FOR CREDIT VALUATION ADJUSTMENT RISK

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source	Requirement

3. Related Standards

Standards
Source	Requirement

Builddate: 26.06.2026 00:00:00 -Doknr: CELEX:32013R0575
EULAW -
European Regulation published on http://eur-lex.europa.eu/