Art. 428x · 15 % required stable funding factor

Version in force 28 June 2021, Inserted +395 −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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Explanation, written by a model and checked against the cited text

This is a new provision setting a 15% required stable funding factor for unencumbered assets that qualify as level 2A assets under the delegated act referenced in Article 460(1), regardless of whether those assets meet the operational requirements or liquidity buffer composition requirements in that delegated act.

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

v1 is the previous version, v2 this one.

Article 428x
15 % required stable funding factor
Unencumbered assets that are eligible as level 2A assets pursuant to the delegated act referred to in Article 460(1) shall be subject to a 15 % 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.