Art. 428aw · 50 % required stable funding factor

Version in force 28 June 2021, Inserted +783 −0§

Amended by Regulation (EU) 2019/2033 32019R2033 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2021/558 32021R0558 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2020/873 32020R0873 on EUR-Lex (external, EUR-Lex)

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Found in the text, but not every source lists it — the text comparison 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. Both are shown; neither is overruled.

Explanation, written by a model and checked against the cited text

Article 428aw is a newly added provision listing assets subject to a 50 % required stable funding factor, covering certain loans and other assets with a residual maturity under one year, and encumbered assets of at least six months but less than one year, with an exception referring to higher factors under other articles.

Cited: Art. 428aw, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 428aw
50 % required stable funding factor
The following assets shall be subject to a 50 % required stable funding factor:
(a) secured and unsecured loans with a residual maturity of less than one year and provided that they are encumbered less than one year;
(b) any other assets with a residual maturity of less than one year, unless otherwise specified in Articles 428as to 428av;
(c) assets encumbered for a residual maturity of at least six months but less than one year, except where those assets would be assigned a higher required stable funding factor in accordance with Articles 428ax, 428ay and 428az if they were held unencumbered, in which case the higher required stable funding factor that would apply to those assets if they were held unencumbered shall apply.