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Term Definition Legal instruments

countercyclical buffer rate

01/05/2014

THIS DEFINITION ONLY APPLIES TO THE CAPITAL BUFFERS PART

means (in accordance with point (7) of Article 128 of the CRD) the rate:
 
(a) expressed as a percentage of total risk exposure amount set by the FPC or an EEA countercyclical buffer authority; or

(b) expressed in terms equivalent to a percentage of total risk exposure amount set by a third country countercyclical buffer authority;

that a firm must apply in order to calculate its countercyclical capital buffer.