EBA · 2013_155 Final Q&A

Scope of application of Articles 339 and 340 of Regulation (EU) No 575/2013 (CRR)

Name: Scope of application of Articles 339 and 340 of Regulation (EU) No 575/2013 (CRR): EBA Q&A — EU Financial Regulatory Q&A
Creator: European Banking Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: Regulation (EU) No 575/2013 (CRR)
Article: 339, 340, para. 1
Topic: Market risk
Submitted by: Investment firm
Submitted: 2013-08-13
Answered: 2013-11-15
Answer provided by: ESAs (EBA, ESMA, EIOPA)

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Question

Article 339 of Regulation (EU) No. 575/2013 starts with "In order to calculate own funds requirements against general risk all positions shall be weighted...". Does "all positions" also include positions in the banking book or are Articles 339 and 340 only valid for positions in the trading book?

Background

Want certainty about the scope of application of Articles 339 and 340.

Answer

Articles 339 and 340 of Regulation (EU) No. 575/2013 (CRR), which specify the calculation of own funds requirements against general risk for debt instruments as part of the determination of own fund requirements for market risk, only refer to positions in debt instruments booked in the trading book. According Article 92(3)(b) of the CRR, the notion of "position risk", used to determine the own fund requirements for positions in debt and equity instruments, is indeed applicable only to the trading book.

Original source: European Banking Authority, Q&A ID 2013_155

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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