17. In accordance with Article 181(1)(f) of Regulation (EU) No 575/2013, for the purposes of …

In accordance with Article 181(1)(f) of Regulation (EU) No 575/2013, for the purposes of establishing internal requirements for legal certainty that are generally consistent with those set out in Chapter 4, Section 3 of Title II in Part Three of that Regulation, to the extent that LGD estimates take into account the existence of collateral, institutions should ensure that the collateral arrangement under which the collateral is provided is legally effective and enforceable in all relevant jurisdictions, giving the institution the right to liquidate or repossess the collateral in a reasonable timeframe, including in the event of the default, bankruptcy or insolvency of the obligor and, where applicable, of the custodian holding the collateral.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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