Capital Requirements Regulation · 32013R0575 · every version of this act · on EUR-Lex (external, EUR-Lex)
3 changes recorded across 3 versions, newest first.
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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)
Applies from: no date changed
Explanation, written by a model and checked against the cited text
Paragraph 3 no longer refers only to risk-free rate risk factors but is restructured into two separate points, one covering risk-free rate risk factors and a new second point covering inflation risk factor and cross currency basis risk factors, both for the currencies in the most liquid sub-category and the institution's domestic currency.
The cross-reference to Article 325bd(7), point (b) is retained but reformatted, and both points (a) and (b) state that the relevant risk weights are divided by a factor, though the specific divisor value is not shown in the text provided.
Cited: Art. 325ae, v2 (external, EUR-Lex) · Art. 325ae, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 9 July 2024 02013R0575-20240709 → this version, in force 1 January 2025 02013R0575-20250101
Article 325ae
Risk weights for general interest rate risk
1. For currencies not included in the most liquid currency sub-category as referred to in point (b) Article 325bd(7), the risk weights of the sensitivities to the risk-free rate risk factors shall be the following:
Table 3
Bucket Maturity Risk Weight
1 0,25 years 1,7 %
2 0,5 years 1,7 %
3 1 year 1,6 %
4 2 years 1,3 %
5 3 years 1,2 %
6 5 years 1,1 %
7 10 years 1,1 %
8 15 years 1,1 %
9 20 years 1,1 %
10 30 years 1,1 %
2. Institutions shall apply a risk weight of 1,6 % to all sensitivities of inflation and to cross currency basis risk factors.
3. For The risk weights of risk factors based on the currencies included in the most liquid currency sub-category as referred to in Article 325bd(7), point (b) of 325bd(7) (b), and the domestic currency of the institution, institution shall be the risk weights of the following:
(a) for risk-free rate risk factors shall be factors, the risk weights referred to in paragraph 1, Table 3 3, of this Article divided by √2. ;
(b) for inflation risk factor and cross currency basis risk factors, the risk weights referred to in paragraph 2 of this Article divided by .
Amended by Regulation (EU) 2021/424 32021R0424 on EUR-Lex (external, EUR-Lex)
Applies from: no date changed
Not in every listWhat this means
Found in the text, but not every source lists it — the text comparison and the EU's own amendment metadata found this change; the amending act's instructions do not mention it. The source that does not name it is the amending act's instructions. All are shown; none is overruled.
Explanation, written by a model and checked against the cited text
In paragraph 1, Table 3 now lists a specific risk weight percentage for each maturity bucket, whereas the earlier version left those risk weights to be specified pursuant to a delegated act referred to in Article 461a.
In paragraph 2, the text now states that institutions shall apply a fixed risk weight of 1,6 % to all sensitivities of inflation and to cross currency basis risk factors, replacing the earlier wording that a common risk weight for those sensitivities would be specified in the delegated act referred to in Article 461a.
Cited: Art. 325ae, v1 (external, EUR-Lex) · Art. 325ae, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, on this version's page
Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)
Applies from: not readable (an inserted provision states its own application date only in prose) why
Not in every listWhat this means
Found in the text, but not every source lists it — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. The source that does not name it is the EU's own amendment metadata. All are shown; none is overruled.
Explanation, written by a model and checked against the cited text
This new Article 325ae sets out risk weights for general interest rate risk, listing maturities and corresponding buckets in Table 3 and stating that for currencies outside the most liquid currency sub-category the risk weights of risk-free rate sensitivities are to be specified in a delegated act referred to in Article 461a.
It also states that a common risk weight for inflation sensitivities and for cross currency basis risk factors is to be specified in that same delegated act, and that for the most liquid currency sub-category and the institution's domestic currency the risk weights are the Table 3 values divided by the square root of two.
Cited: Art. 325ae, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, on this version's page