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Application provision

1.1 This Part applies to every firm that is a CRR firm.

1

Application and Definitions

1.1

01/01/2014

This Part applies to every firm that is a CRR firm.

1.2

01/01/2014

Unless otherwise defined, any italicised expression used in this Part and in the CRD has the same meaning as in the CRD.

2

Supervisory Benchmarking of Internal Approaches for Calculating Own Funds Requirements

2.1

01/01/2014

Except for operational risk, a firm that is permitted to use internal approaches for the calculation of risk weighted exposure amounts or own funds requirements must report annually to the PRA:

  1. (1) the results of the calculations of their internal approaches for their exposures or positions that are included in the benchmark portfolios; and
  2. (2) an explanation of the methodologies used to produce those calculations.