Article 428b The Net Stable Funding Ratio
1.
The net stable funding requirement laid down in Article 413(1) shall be equal to the ratio of the institution's available stable funding as referred to in Chapter 3 of Title IV (The Net Stable Funding Ratio) to the institution's required stable funding as referred to in Chapter 4 of Title IV (The Net Stable Funding Ratio), and shall be expressed as a percentage. Institutions shall calculate their net stable funding ratio in accordance with the following formula:
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2.
Institutions shall maintain a net stable funding ratio of at least 100%, calculated in the reporting currency for all their transactions, irrespective of their actual currency denomination.
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3.
Where, at any time, the net stable funding ratio of an institution has fallen below 100%, or can be reasonably expected to fall below 100%, the requirement laid down in Article 414 shall apply. The institution shall aim to restore its net stable funding ratio to the level referred to in paragraph 2 of this Article.
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4.
Institutions shall calculate and monitor their net stable funding ratio in the reporting currency for all their transactions, irrespective of their actual currency denomination, and separately for their transactions denominated in each of the currencies that is subject to separate reporting in accordance with Article 415(2).
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5.
Institutions shall ensure that the distribution of their funding profile by currency denomination is generally consistent with the distribution of their assets by currency.
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