86. For the purposes of Article 26e(2), second subparagraph, point (b), of Regulation (EU) …

For the purposes of Article 26e(2), second subparagraph, point (b), of Regulation (EU) 2017/2402, ‘where applicable’ should be understood as applicable only if the originator has received permission from the competent authority to apply the IRB Approach to determine the expected loss amount for the respective underlying exposure in respect of which the ‘higher of’ condition is being assessed, and where the rating system used for the underlying exposure has accordingly been assessed by the competent authority for use under the IRB Approach.

Expected loss amount

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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