Regulatory Alerts2021-10-27 | NBB_2021_22Added · Updated
NBB Circular NBB_2021_22 / EBA Guidelines of 1 July 2020 on the treatment of structural foreign exchange positions under Article 352(2) of Regulation (EU) No 575/2013
The National Bank of Belgium integrates the European Banking Authority's guidelines on structural foreign exchange positions into its supervisory practice, effective 1 January 2022. This circular specifies the eligibility criteria, structural assessment, exclusion size, and ongoing monitoring requirements for Belgian credit institutions and significant investment firms seeking to apply the treatment under Article 352(2) of the Capital Requirements Regulation. While significant institutions supervised directly by the ECB are recommended to follow these guidelines, the circular explicitly defines the NBB's approach for less significant institutions and significant investment firms.
Topics
capital
fx
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