New Commission Implementing Regulation (EU) 2023/1718 in relation to the list of closely correlated currencies for purposes of calculating risk exposures and thus capital requirements of financial institutions has been published in the Official Journal (OJ) of the EU. The new regulation updates the existing regulation on same issue, namely Commission Implementing Regulation (EU) 2015/2197, by replacing the list of closely correlated currencies set out in the Annex of the 2015 Regulation to reflect current currency interdependencies.
Other Features
assessment
banks
CMU
investment firms
own funds
risk
Date Published: 2023-09-11
Date Taking Effect: 2023-10-01
Regulatory Framework: Capital Requirements Regulation (CRR)
Regulatory Type: regulation
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