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BIPRU TP 20 Standardised credit risk transitionals

1Application

20.1

R

This section applies to a BIPRU firm.

Days past due

20.2

R

(1)

This rule applies to an exposure in another EEA State of a type to which a CRD implementation measure in that EEA State for the first paragraph of Article 154(1) of the Banking Consolidation Directive (Transitional rule for days past due for claims on PSEs and corporates and retail exposures) applies.

(2)

If the number of days past due set under that CRD implementation measure is greater than the number in BIPRU 3.4.96 R (Treatment of items past due for more than 90 days) that higher number applies.

20.3

R

BIPRU TP 20.2R applies until 31 December 2011 or any earlier date on which the relevant CRD implementation measure ceases to apply.

20.4

G

BIPRU TP 20.2R implements (in part) Article 154(1) of the Banking Consolidation Directive.

Central government exposures

20.5

R

Until 31 December 2012, a 0% risk weight applies to exposures to the central government of the United Kingdom and of the Bank of England denominated and funded in the currency of another EEA State.

20.6

R

If the CRD implementation measures of another EEA State apply a 0% risk weight to exposures to its central government or central bank denominated and funded in the domestic currency of another EEA State a firm must risk weight such exposures in the same manner.

20.7

R

BIPRU TP 20.6R applies until 31 December 2012 or any earlier date on which the relevant CRD implementation measure ceases to apply.

20.8

G

BIPRU TP 20.5R to BIPRU TP 20.7R implements (in part) Article 153 of the Banking Consolidation Directive.