+Article 325az 2.

Article 325az 2.

After having verified institutions' compliance with the requirements set out in Articles 325bh, 325bi and 325bj, competent authorities shall grant permission to those institutions to calculate their own funds requirements for the portfolio of all positions assigned to trading desks by using their alternative internal models in accordance with Article 325ba, provided that all the following requirements are met:

(a) 

the trading desks were established in accordance with Article 104b;

(b) 

the institution has provided to the competent authority a rationale for the inclusion of the trading desks in the scope of the alternative internal model approach;

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(c) 

the trading desks have met the back-testing requirements referred to in Article 325bf(3);

(d) 

the trading desks have met the profit and loss attribution (‘P&L attribution’) requirements referred to in Article 325bg;

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(e) 

for trading desks that have been assigned at least one of those trading book positions referred to in Article 325bl, the trading desks fulfil the requirements set out in Article 325bm for the internal default risk model;

(f) 

no securitisation or re-securitisation positions have been assigned to the trading desks;

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(g) 

no positions in CIUs that meet the condition set out in Article 104(8), point (b), have been assigned to the trading desks.

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For the purposes of point (b) of the first subparagraph of this paragraph, not including a trading desk in the scope of the alternative internal model approach shall not be motivated by the fact that the own funds requirement calculated under the alternative standardised approach set out in point (a) of Article 325(3) would be lower than the own funds requirement calculated under the alternative internal model approach.

1. Prezentare generală

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1.1 Referințe

1.2 Cerințe identificate

1.3 Standarde asociate

2. Cerințe identificate

Cerințe

3. Standarde asociate

Standarde