Regulatory Alerts2021-05-28
Regulation on the Application of EBA Guidelines for Tri-Party Repo Alternative Treatment under Large Exposures Rules
The Bank of Slovenia issued this regulation to formally adopt the European Banking Authority's guidelines regarding the alternative treatment of exposures from tri-party repurchase agreements for large exposures purposes. It mandates that supervised banks and the central bank itself must fully apply these guidelines when determining, monitoring, and revising exposure limits under Article 403(3) of Regulation (EU) No 575/2013. The regulation entered into force on 5 June 2021, establishing the specific conditions institutions must comply with to utilize the substitution approach for collateral issuers in tri-party repos.
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