15. Institutions may recognise credit insurance in accordance with paragraph 14 if the associated …

Institutions may recognise credit insurance in accordance with paragraph 14 if the associated techniques of credit risk mitigation can be classified as unfunded credit protection according to the definition in point (59) of Article 4(1) of Regulation (EU) No 575/2013. In particular, institutions may recognise the credit insurance according to Article 183(1) of Regulation (EU) No 575/2013 and Article 183(2) or 183(3) of Regulation (EU) No 575/2013 depending on whether credit insurance effectively functions like a guarantee or like a credit derivative respectively.

1. Overview

1.1 References

• Article 4 1.
• Article 183 1.
• Article 183 2.
• Article 183 3.

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/