+CHAPTER II CAPITAL REQUIREMENTS
---+Article 6 Article 327(2) of Regulation (EU) No 575/2013: Netting
------+Article 6 1.
------+Article 6 2.
---+Article 7 Article 380 of Regulation (EU) No 575/2013: Waiver

CHAPTER II CAPITAL REQUIREMENTS

CHAPTER II CAPITAL REQUIREMENTS

1. Overview

,
Article 6 Article 327(2) of Regulation (EU) No 575/2013: Netting
Article 7 Article 380 of Regulation (EU) No 575/2013: Waiver

Article 7

Article 380 of Regulation (EU) No 575/2013: Waiver

In the event of a system-wide failure within the meaning of Article 380 of Regulation (EU) No 575/2013 which the ECB confirms by issuing a public statement, until the ECB issues a public statement that the situation referred to therein is rectified, the following provisions shall apply:

(a) 

credit institutions shall not be required to comply with the own funds requirements laid down in Articles 378 and 379 of Regulation (EU) No 575/2013; and

(b) 

the failure of a counterparty to settle a trade shall not be deemed a default for purposes of credit risk.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards