Commission Implementing Regulation (EU) 2015/2017 of 11 November 2015 laying down implementing technical standards with regard to the adjusted factors to calculate the capital requirement for currency risk for currencies pegged to the euro in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)

• CELEX: Implementing Regulation (EU) 2015/2017
• Articles: 3

Article 1 Adjusted factors for currency risk where the local or foreign currency is the euro

Where the local or foreign currency is the euro, for the purposes of Article 188(3) and (4) of Delegated Regulation (EU) 2015/35, the 25 % factor is replaced by:

(a)

0,39 % where the other currency is the Danish krone (DKK);

(b)

1,81 % where the other currency is the lev (BGN);

(c)

2,18 % where the other currency is the West African CFA franc (BCEAO) (XOF);

(d)

1,96 % where the other currency is the Central African CFA franc (BEAC) (XAF);

(e)

2,00 % where the other currency is the Comorian franc (KMF).

Article 2 Adjusted factors for currency risk where the local and the foreign currency are pegged to the euro

For the purposes of Article 188(3) and (4) of Delegated Regulation (EU) 2015/35, the 25 % factor is replaced by:

(a)

2,24 % where the two currencies are the DKK and the BGN;

(b)

2,62 % where the two currencies are the DKK and the XOF;

(c)

2,40 % where the two currencies are the DKK and the XAF;

(d)

2,44 % where the two currencies are the DKK and the KMF;

(e)

4,06 % where the two currencies are the BGN and the XOF;

(f)

3,85 % where the two currencies are the BGN and the XAF;

(g)

3,89 % where the two currencies are the BGN and the KMF;

(h)

4,23 % where the two currencies are the XOF and the XAF;

(i)

4,27 % where the two currencies are the XOF and the KMF;

(j)

4,04 % where the two currencies are the XAF and the KMF.

Article 3 Entry into force

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .