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On January 28, 2016, a Regulation setting out Regulatory Technical Standards for prudent valuations under the CRR was published in the Official Journal of the European Union.
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On January 28, 2016, a Regulation setting out Regulatory
Technical Standards for prudent valuations under the CRR was
published in the Official Journal of the European Union. The RTS
relate to firms applying the CRR standards to assets measured on a
fair value basis. The RTS deal with matters including: (i) the
methodology for calculating Additional Valuation Adjustments; (ii)
consideration to be given to available market data; and (iii) the
simplified and core approaches for the determination of AVAs. The
Regulation enters into force on February 17, 2016.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
