Subject matter and scope of application

5. These Guidelines specify, in accordance with paragraph 6 of Article 84 of Directive 2013/36/EU:

(a) The criteria for the identification, management and mitigation by institutions of IRRBB either if they implement internal systems or use the standardised methodology or the simplified standardised methodology for the evaluation of IRRBB.

(b) The criteria for the evaluation - measurement of IRRBB if an institution implements internal systems for it.

(c) The criteria for the assessment and monitoring by institutions’ internal systems of CSRBB.

(d) The criteria for determining which of the IRRBB internal systems implemented by institutions are not satisfactory for the purposes of paragraph 3 of Article 84 of Directive 2013/36/EU.

Addressees

6. These Guidelines are addressed to competent authorities referred to in point (i) of Article 4(2) of Regulation (EU) No 1093/2010, and to financial institutions referred to in Article 4(1) of that regulation which are also institutions in accordance with point 3 of Article 4(1) of Regulation (EU) No 575/2013.

Definitions