3. As an exception from the above, the competent authorities should require an EU institution to …

As an exception from the above, the competent authorities should require an EU institution to determine a different stressed period at a subsidiary’s level if the stressed period defined for the group is not considered relevant to the subsidiary’s portfolio. Where a single group-wide stressed period is used in an institution that has a subsidiary with a locally approved VaR model, institutions should provide proof that this group-wide stressed period is relevant to the subsidiary’s portfolio.

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1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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