Recognition of contractual netting agreements - CRR Provision: Difference between revisions
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Important to the vexed, if tedious, issue of [[netting]]. | |||
Also of some interest if [[regulatory margin]] is the kind of thing that floats your boat (whether because you deliberately launched it, or simply because you live within ten miles of the sea in a part of the world susceptible to regulatory margin tsunamis). | |||
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*{{crrprov|On-balance sheet netting}} |
Latest revision as of 11:36, 18 January 2020
Regulatory Capital Anatomy™
The JC’s untutored thoughts on how bank capital works. 296 Recognition of contractual netting agreements
If any of the competent authorities are not satisfied that the contractual netting is legally valid and enforceable under the law of each of the jurisdictions referred to in point (b) the contractual netting agreement shall not be recognised as risk-reducing for either of the counterparties. Competent authorities shall inform each other accordingly.
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Important to the vexed, if tedious, issue of netting.
Also of some interest if regulatory margin is the kind of thing that floats your boat (whether because you deliberately launched it, or simply because you live within ten miles of the sea in a part of the world susceptible to regulatory margin tsunamis).