Large Exposures Framework limits bank concentration, mandates look through, connectedness tests and mandatory reporting of large exposures. The Large Exposures Framework mandates caps, measurement and reporting of banks' aggregated exposures to single counterparties and groups of connected counterparties, applied at consolidated and solo levels. Banks must aggregate on and off balance sheet exposures, recognise eligible credit risk mitigation consistent with Basel III, determine connectedness through control or economic interdependence, apply a mandatory look through approach to structures and CIUs, and report exposures meeting the regulatory threshold; most provisions became effective from April 1, 2019, with certain criteria phased in April 1, 2020.
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Provisions expressly mentioned in the judgment/order text.
Large Exposures Framework limits bank concentration, mandates look through, connectedness tests and mandatory reporting of large exposures.
The Large Exposures Framework mandates caps, measurement and reporting of banks' aggregated exposures to single counterparties and groups of connected counterparties, applied at consolidated and solo levels. Banks must aggregate on and off balance sheet exposures, recognise eligible credit risk mitigation consistent with Basel III, determine connectedness through control or economic interdependence, apply a mandatory look through approach to structures and CIUs, and report exposures meeting the regulatory threshold; most provisions became effective from April 1, 2019, with certain criteria phased in April 1, 2020.
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