- Question ID
-
2014_968
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Credit risk
- Article
-
118
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Not applicable
- Article/Paragraph
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Article 118
- Type of submitter
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Credit institution
- Subject matter
-
Risk Weights for International Organisations
- Question
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Could you please advise what risk weight/treatments should be applied to International Organisations that are not included in Article 118 of Regulation (EU) No 575/2013 (CRR)?
- Background on the question
-
CRR unclear.
- Submission date
- Final publishing date
-
- Final answer
-
Exposures to international organisations not included in the exhaustive list of Article 118 of Regulation (EU) No 575/2013 (CRR) shall be treated as exposures to corporates (Article 122). In case of intergovernmental organisations where the participating sovereigns provide guarantees these can be taken into account conform the requirements laid down in Part Three Chapter 4 ('Credit Risk mitigation') of the CRR.
DISCLAIMER:
This question goes beyond matters of consistent and effective application of the regulatory framework. A Directorate General of the Commission (Directorate General for Internal Market and Services) has prepared the answer, albeit that only the Court of Justice of the European Union can provide definitive interpretations of EU legislation. This is an unofficial opinion of that Directorate General, which the European Banking Authority publishes on its behalf. The answers are not binding on the European Commission as an institution. You should be aware that the European Commission could adopt a position different from the one expressed in such Q&As, for instance in infringement proceedings or after a detailed examination of a specific case or on the basis of any new legal or factual elements that may have been brought to its attention.
- Status
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Final Q&A
- Answer prepared by
-
Answer prepared by the European Commission because it is a matter of interpretation of Union law.
- Note to Q&A
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Update 26.03.2021: This Q&A has not yet been reviewed by the European Commission in the light of the changes introduced to Regulation (EU) No 575/2013 (CRR).
Disclaimer
The Q&A refers to the provisions in force on the day of their publication. The EBA does not systematically review published Q&As following the amendment of legislative acts. Users of the Q&A tool should therefore check the date of publication of the Q&A and whether the provisions referred to in the answer remain the same.