Commission Delegated Regulation (EU) 2022/954 of 12 May 2022 amending the regulatory technical standards laid down in Delegated Regulation (EU) No 183/2014 as regards the specification of the calculation of specific and general credit risk adjustments (Text with EEA relevance)

• CELEX: Delegated Regulation (EU) 2022/954
• Articles: 2

Article 1 Amendment to Delegated Regulation (EU) No 183/2014

In Article 1 of Delegated Regulation (EU) No 183/2014, the following paragraph 6 is added:

‘6.   Without prejudice to paragraph 1, when calculating the specific credit risk adjustments for the purposes of assigning the risk weights referred to in Article 127(1), points (a) and (b), of Regulation (EU) No 575/2013 to the unsecured part of a defaulted exposure, institutions shall include any positive difference between the amount owed by the obligor on that exposure and the sum of the following:

(a)

the additional own funds reduction if that exposure was written-off fully;

(b)

any already existing own funds reductions related to that exposure.’.

Article 2 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 .