Regulatory Alerts2023-02-15
Added · Updated
Circular Letter No. CC/2023/00000004: CEBS Guidelines on Short-Term Risk Positions Exemptions for Large Exposures
The Banco de Portugal confirms that the 2010 CEBS Implementation Guidelines regarding the exclusion of very short-term risk positions from large exposure calculations remain applicable under the Capital Requirements Regulation (CRR). Less significant credit institutions and entities covered by Banco de Portugal Notice No. 11/2014 are required to comply with these guidelines when calculating risk values for fund transfers, payment services, clearing, settlement, and custody. The regulator will consider these guidelines when interpreting applicable legal and regulatory provisions to verify institutional compliance.
Topics
Share