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Directive 2006/48/EC of the European Parliament and of the council (repealed)Show full title
Directive 2006/48/EC of the European Parliament and of the council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance) (repealed)
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- Revised 01/01/20140.44 MB
- Revised 01/07/20131.94 MB
- Revised 09/12/20112.31 MB
- Revised 04/01/20111.41 MB
- Revised 30/03/20100.93 MB
- Revised 07/12/20090.93 MB
- Revised 30/10/20090.88 MB
- Revised 17/08/20090.88 MB
- Revised 21/03/20080.84 MB
- Revised 25/12/20070.84 MB
- Revised 21/09/20070.84 MB
- Revised 17/04/20070.85 MB
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1.3.Assignment of exposuresU.K.
1.3.1.Exposures to corporates, institutions and central governments and central banksU.K.
19.Each obligor shall be assigned to an obligor grade as Part of the credit approval process.U.K.
20.For those credit institutions permitted to use own estimates of LGDs and/or conversion factors, each exposure shall also be assigned to a facility grade as Part of the credit approval process.U.K.
21.Credit institutions using the methods set out in Part 1, point 6 for assigning risk weights for specialised lending exposures shall assign each of these exposures to a grade in accordance with point 12.U.K.
22.Each separate legal entity to which the credit institution is exposed shall be separately rated. A credit institution shall demonstrate to its competent authority that it has acceptable policies regarding the treatment of individual obligor clients and groups of connected clients.U.K.
23.Separate exposures to the same obligor shall be assigned to the same obligor grade, irrespective of any differences in the nature of each specific transaction. Exceptions, where separate exposures are allowed to result in multiple grades for the same obligor are:U.K.
(a)
country transfer risk, this being dependent on whether the exposures are denominated in local or foreign currency;
(b)
where the treatment of associated guarantees to an exposure may be reflected in an adjusted assignment to an obligor grade; and
(c)
where consumer protection, bank secrecy or other legislation prohibit the exchange of client data.
1.3.2.Retail exposuresU.K.
24.Each exposure shall be assigned to a grade or a pool as part of the credit approval process.U.K.
1.3.3.OverridesU.K.
25.For grade and pool assignments credit institutions shall document the situations in which human judgement may override the inputs or outputs of the assignment process and the personnel responsible for approving these overrides. Credit institutions shall document these overrides and the personnel responsible. Credit institutions shall analyse the performance of the exposures whose assignments have been overridden. This analysis shall include assessment of the performance of exposures whose rating has been overridden by a particular person, accounting for all the responsible personnel.U.K.
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