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By Vincent GALAND, Consulting, Risk Partner and Victoria SADZOT, Business Consulting, Senior Manager, EY Luxembourg
NdlR. : article publié dans notre édition de novembre 2023
On 27 October 2021, the European Commission (EC) proposed amendments to the Capital Requirements Regulation (CRR) with the aim of finalizing implementation by the European Union of the Basel-III reform applicable to credit institutions and investment firms in scope. The proposal, more commonly known as CRR3, adopts a rich set of new prudential treatments in particular deploying more stringent and risk sensitive standardised approaches for credit, market and opera- tional risk while imposing further restrictions on the use of internal models...
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