Art. 495l · Transitional provisions on own funds requirements under the internal default risk model

Version in force 1 January 2027, Inserted +629 −0§

Amended by Regulation (EU) 2026/1221 32026R1221 on EUR-Lex (external, EUR-Lex)

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A new Article 495l has been added, setting out a transitional rule that departs from Article 325bp(5), point (a), by requiring institutions to apply a multiplier equal to 0 to probability of default estimates used in calculating own funds requirements for default risk under the internal default risk model, for all issuers or obligors whose exposures would attract a 0 % risk weight under the alternative standardised approach.

The provision states that this treatment applies until 31 December 2029.

Cited: Art. 495l, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 495l
Transitional provisions on own funds requirements under the internal default risk model
By way of derogation from Article 325bp(5), point (a), and until 31 December 2029, institutions shall apply a multiplier equal to 0 to the probability of default estimates used for the calculation of the own funds requirements for default risk under the internal default risk model laid down in Part Three, Title IV, Chapter 1b, Section 3 for all issuers or obligors the exposures to which would attract a 0 % risk weight in the calculation of own funds requirements for default risk under the alternative standardised approach.