Version in force , Modified +834 −951§
Amended by Regulation (EU) 2024/1623 32024R1623 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2024/2987 32024R2987 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2024/2795 32024R2795 on EUR-Lex (external, EUR-Lex)
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The heading and content of Article 319 changed entirely: the earlier version set out the Alternative Standardised Approach for retail and commercial banking, including how the relevant indicator and loans and advances are defined and the conditions for using that approach, while the later version instead concerns loss data thresholds for operational risk events.
The later text requires institutions to include operational risk events with a net loss at or above EUR 20000 for the annual operational risk loss calculation under Article 316(1), and separately at or above EUR 100000 for purposes of Article 446, and it specifies that for losses spanning more than one financial year the aggregated net loss is used against these thresholds.
Cited: Art. 319, v1 (external, EUR-Lex) · Art. 319, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
texts differ too much for an inline diff; shown separately
Previous version, in force 9 July 2024 02013R0575-20240709
Article 319 Alternative Standardised Approach 1. Under the Alternative Standardised Approach, for the business lines retail banking and commercial banking, institutions shall apply the following: (a) the relevant indicator is a normalised income indicator equal to the nominal amount of loans and advances multiplied by 0,035; (b) the loans and advances consist of the total drawn amounts in the corresponding credit portfolios. For the commercial banking business line, institutions shall also include securities held in the non trading book in the nominal amount of loans and advances. 2. To be permitted to use the Alternative Standardised Approach, an institution shall meet all the following conditions: (a) its retail or commercial banking activities shall account for at least 90 % of its income; (b) a significant proportion of its retail or commercial banking activities shall comprise loans associated with a high PD; (c) the Alternative Standardised Approach provides an appropriate basis for calculating its own funds requirement for operational risk.
this version, in force 1 January 2025 02013R0575-20250101
Article 319 Loss data thresholds 1. To calculate the annual operational risk loss referred to in Article 316(1), institutions shall take into account from the loss data set operational risk events with a net loss, calculated in accordance with Article 318, that are equal to or exceed EUR 20000. 2. Without prejudice to paragraph 1 of this Article, and for the purposes of Article 446, institutions shall also calculate the annual operational risk loss referred to in Article 316(1), taking into account from the loss data set operational risk events with a net loss, calculated in accordance with Article 318, that are equal to or exceed EUR 100000. 3. In the case of an operational risk event that leads to losses during more than one financial year, as referred to in Article 318(1), second subparagraph, the net loss to be taken into account for the thresholds referred to in paragraphs 1 and 2 of this Article shall be the aggregated net loss.