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Regulations and guidelines related to the Capital Requirements Regulation enter into force on 1 September 2019

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On 14 June 2019, the FIN-FSA issued Regulations and guidelines 5/2019: Regulations and guidelines related to the Capital Requirements Regulation. The regulations and guidelines enter into force on 1 September 2019.

Factually, the new regulations and guidelines consist of an update of regulations and guidelines 25/2013 on capital requirements calculation and large exposures.

The most material changes compared to regulations and guidelines 25/2013:

  • change in the scope of application
  • the FIN-FSA’s updated positions on options and discretions under the CRR left with competent authorities
  • new chapters: chapter 5 Capital adequacy treatment of qualifying holdings outside the financial sector, chapter 9 Capital requirements for counterparty risk and chapter 14 Liquidity risk requirements
  • changes to chapter 2 Legal framework and international recommendations, chapter 6 Capital requirements for credit risk under the standardised approach, chapter 7 Capital requirements for credit risk under the internal ratings based approach, chapter 10 Capital requirements for market risk, chapter 13 Large exposures and chapter 15 Disclosure of capital adequacy and liquidity risk information.

Summary statement on comments received

A summary statement has been issued on the comments given on the regulations and guidelines. The summary statement and the comments received are available at Finanssivalvonta.fi and lausuntopalvelu.fi.

For further information, please contact

Taina Erovaara-Williams, Senior Regulatory Expert, tel. 09 183 5422 or email taina.erovaara-williams(at)finanssivalvonta.fi.

Appendices

Regulations and guidelines 5/2019

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Regulator Information

Abbreviation: FIN-FSA
Jurisdiction: Finland

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