549. Where an institution is subject to macro-prudential measures, competent authorities should assess:
a. whether, by virtue of the institution using supervisory approved models for the calculation of own funds requirements, the specific vulnerability/deficiency targeted by the macro-prudential measure is omitted from the effects of the measure because of its design features (e.g. if the macro-prudential measure increases risk weights to certain exposure classes, meaning the measure would only cover institutions applying the standardised approach to the calculation of minimum own funds requirements for credit risk, and therefore institutions applying IRB approaches would not be directly affected); and
b. whether the macro-prudential measure adequately addresses the underlying risks/vulnerabilities/deficiencies of a particular institution, where relevant.
550. Where the macroprudential measure, because of its design specificities, does not cover a particular institution (as discussed a
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