On 27 October 2021, European Commission published the Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor (CRR3) (COM(2021) 664 final / 2021/0342 (COD)) to amend the CRR (575/2013/EU).
The condensed text below shows the proposed amendments from the COM(2021) 664 final / 2021/0342 (COD) for affected provisions only.
Provisions amended
- Article 201 Eligibility of protection providers under all approaches
- Article 204 Eligible types of credit derivatives
- Article 208 Requirements for immovable property collateral
- Article 210 Requirements for other physical collateral
- Article 213 Requirements common to guarantees and credit derivatives
- Article 215 Additional requirements for guarantees
- Article 216 Additional requirements for credit derivatives
- Article 220 Using the Supervisory Volatility Adjustments Approach or