Commission Delegated Regulation (EU) 2026/1221 amending Regulation (EU) No 575/2013 regarding temporary operational relief and multipliers for market risk

This Regulation amends Regulation (EU) No 575/2013 to provide credit institutions with temporary targeted operational relief measures and targeted multipliers for calculating own funds requirements for market risk until 31 December 2029. It allows institutions to calculate the profit and loss attribution test only for monitoring purposes, prorate verifiable price observations for new risk factors, and apply a zero multiplier to default probabilities for issuers with zero risk-weight under the alternative standardised approach. Additionally, it permits weekly rather than daily calculations for expected shortfall and stress scenario risk measures, introduces flexibility for partial look-through of Collective Investment Undertakings, and applies multipliers to residual risk add-on charges and correlation parameters for carbon trading exposures. Institutions adversely impacted by the new framework may also apply a bank-specific multiplier lower than or equal to 1 to scale down capital requirements to the level of the previous Basel 2.5 implementation.

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This document amends: Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 Text with EEA relevance

Source: European Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works