CP13/6 - CRD IV for Investment Firms - Financial Conduct Authority

CRD IV for Investment Firms
CP13/6
CRR
article
FCA
Handbook
reference –
if existing
discretion
Area of national discretion
Does the
FCA intend
to exercise
the relevant
discretion from
1 January 2014?
400(1)
(f)
BIPRU
10.8A
This Article applies to firms who have a Core UK
Group Waiver. The Article permits firms who have this
permission to assign an exposure defined within the
Core UK Group Waiver a 0% risk weight for the purpose
of large exposures requirements in Article 395(1).
Yes
400(2) BIPRU
10.9A,
BIPRU
10.6.34R,
BIPRU
10.6.35R,
BIPRU
10.3.36R
(1), BIPRU
10.6.37G,
BIPRU
10.6.34R,
BIPRU
10.6.35R,
BIPRU
10.3.36R
(2), BIPRU
10.6.37G
401(2) BIPRU
10.2.14R,
BIPRU
10.2.15G,
BIPRU
10.2.19R,
BIPRU
10.2.21R
406 BIPRU
9.15.11R,
BIPRU
9.15.12R,
BIPRU
9.15.13R
FCA may ‘fully or partially’ exempt the exposures listed
in this article from the Large Exposures limits. Although,
the FCA may only use the exemptions provided if
certain conditions are met.
FCA may authorise an advanced IRB firm on a case-bycase
basis to estimate the effects of financial collateral
in its calculation of large exposure limits by using its
own LGD estimates.
Before becoming exposed to securitisation risks, the
institution needs to demonstrate to the FCA (for each
position) their understanding and use of formal policies.
Yes, partially.
See large
exposures
section of
Chapter 4.
Yes
Yes
414 If an institution fails to meet its liquidity coverage
requirement (412) and stable funding requirement
(413), they must immediately notify the FCA. Until they
become compliant, the institution must report on a
daily basis. FCA may allow a lower reporting frequency
and a longer reporting delay on a case by case basis.
The FCA shall monitor the implementation of the
restoration plan referred to in that Article and shall, if
appropriate, require a more timely restoration than it is
set out in the plan.
415(2) Until the full introduction of binding liquidity
requirements, FCA may continue to collect monitoring
tools for the purpose of monitoring compliance with
existing national liquidity standards (i.e. ILAS).
Yes
Yes
Financial Conduct Authority July 2013
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