repeal this decision any time, provided it grants credit institutions an adequate transition period. United Kingdom Ranking Justification for potential Level of Proposal for a Location Precise passage concerned Description of the Scope of priority amendment seriousness wording update Revert to original text so as to clarify Revert to original text so as to clarify Deletion of derivatives from calculation that the hedged 1 Article 15 Paragraph 1 that the hedged asset positions are High National of asset coverage (amendment 45) asset positions are recognised in coverage tests recognised in coverage tests Regulation If credit ratings continue to 3-year limit on Step 2 credits being Revert to original 2 Article 1 para Deletion of existing para deteriorate this may become Moderate EU eligible proposed (amendment 6) proposal 1 1a(iii) impossible to meet It goes beyond principle-based t goes beyond principle-based Regulation introduction of sliding scale for regulation and may limit valid market regulation and may limit valid market Remove proposed 3 article 1 para Moderate EU extendable maturities development/ disrupt existing markets development/ disrupt existing paragraph 1 e (non-UK) markets (non-UK) Regulation amended to include assets in exposure Do not believe that these assets Revert to original 4 article 1 para Limits on assets contributing to OC Moderate EU limits should be subject to exposure limits text 1d Source: UK RCB
repeal this decision any time, provided it grants credit institutions an adequate transition period. United Kingdom Ranking of priority Location Precise passage concerned Description of the Justification for potential amendment Level of seriousness Proposal for a wording update Scope 1 Article 15 Paragraph 1 Deletion of derivatives from calculation of asset coverage (amendment 45) Revert to original text so as to clarify that the hedged asset positions are recognised in coverage tests High Revert to original text so as to clarify that the hedged asset positions are recognised in coverage tests National 2 Regulation Article 1 para 1 1a(iii) Deletion of existing para 3-year limit on Step 2 credits being eligible proposed (amendment 6) If credit ratings continue to deteriorate this may become impossible to meet Moderate Revert to original proposal EU 3 Regulation article 1 para 1 e introduction of sliding scale for extendable maturities It goes beyond principle-based regulation and may limit valid market development/ disrupt existing markets (non-UK) t goes beyond principle-based regulation and may limit valid market development/ disrupt existing markets (non-UK) Moderate Remove proposed paragraph EU 4 Regulation article 1 para 1d Limits on assets contributing to OC amended to include assets in exposure limits Do not believe that these assets should be subject to exposure limits Moderate Revert to original text EU Source: UK RCB
ECBC-Feedback-mapping-on-CB-legislative-package-with-intro-17-September-2018_final.docx