3. On the basis of the information provided, the competent national supervisor should decide …

On the basis of the information provided, the competent national supervisor should decide whether the IRC approach used – or planned to be used – by the institution should be considered as a non-compliant IRC approach or could be considered as a non-fully compliant IRC approach according to point 28.4 below. In particular, if an IRC approach is recognised as a non-compliant IRC approach, this would in principle entail the application of the standardised approach for specific risk to the positions covered by the non-compliant IRC approach.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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