EBA · 2019_4941 Rejected question

Use of short-term issuer credit assessments with Article 131

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
131
Topic
Credit risk
Submitted by
Consultancy firm
Submitted
2019-10-10
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Question

May short-term issuer ratings be used to assign risk weights in the context of article 131?

Background

A client maintains that short-term issuer ratings may be used to assign risk weights in the context of article 131 because in French the article refers to 'Les expositions sur des établissements et des entreprises pour lesquels il existe une évaluation de crédit à court terme...'. The word ' lesquels ' seems to refer to the issuers (institutions and corporates) because 'expositions' is feminine and the word would be ' lesquelles ' if it referred to the exposures. ' Des établissements et des entreprises' is masculine, like 'lesquels '. As written in French the phrase could be read as 'exposures to institutions for which a short-term issuer rating exists and exposures to corporates for which a short-term issuer rating exists...'.
No answer published yet.

Original source: European Banking Authority, Q&A ID 2019_4941

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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