Art. 428t · 7 % required stable funding factor

Version in force 28 June 2021, Inserted +422 −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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This new article establishes that unencumbered assets qualifying as level 1 extremely high quality covered bonds under the delegated act referenced in Article 460(1) are assigned a required stable funding factor of 7%.

The text specifies that this 7% factor applies irrespective of whether those assets meet the operational requirements or the requirements on the composition of the liquidity buffer set out in that delegated act.

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

v1 is the previous version, v2 this one.

Article 428t
7 % required stable funding factor
Unencumbered assets that are eligible as level 1 extremely high quality covered bonds pursuant to the delegated act referred to in Article 460(1) shall be subject to a 7 % required stable funding factor, regardless of whether they comply with the operational requirements and with the requirements on the composition of the liquidity buffer as set out in that delegated act.