EBA · 2025_7511 Rejected question

Exposures to EU exchanges

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
107, 120,121, para. 3
Topic
Credit risk
Submitted by
Credit institution
Submitted
2025-06-26
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Question

Should exposures to EU exchanges be treated as exposures to institutions, under articles 119, 120 and 121?

Background

Article 107.3 clearly specifies that exposures to third-country exchanges shall be treated as exposures to an institution only if the third country applies prudential and supervisory requirements to that entity that are at least equivalent to those applied in the Union.  However, the specific case of exposures to exchanges in the EU is not expressly clarified in the regulation. This can lead to 2 possible interpretations:  Exposures to EU exchanges shall be treated as exposures to corporates, as opposed to equivalent third-country exchanges Exposures to EU exchanges shall be treated as exposures to institutions, like third-country exchanges
No answer published yet.

Original source: European Banking Authority, Q&A ID 2025_7511

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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