RegAlert2023-02-15
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.
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Circular Letter No. CC/2023/00000004
Sent to:
Credit Institutions and Financial Companies.
Form 40000375/T – 01/14
Subject: Guidelines of the Committee of European Banking Supervisors (CEBS) regarding the exclusion of certain very short-term risk positions for the purpose of calculating risk value under the large exposures regime, dated July 28, 2010 (“Implementation guidelines on Article 106 (2) (c) and (d) of Directive 2006/48/EC recast”)
The European Banking Authority (EBA) published, on December 17, 2021, the response to Q&A 2020_5340, through which it clarified its understanding regarding the validity of the Guidelines of the Committee of European Banking Supervisors (CEBS), concerning the exclusion of certain very short-term risk positions for the purpose of calculating risk value under the large exposures regime, dated July 28, 2010 (“Implementation guidelines on Article 106 (2) (c) and (d) of Directive 2006/48/EC recast”).
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Source: Banco de Portugal — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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