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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

loss

    79 for the purposes of the IRB approach, the standardised approach to credit risk and BIPRU 5 (Credit risk mitigation)) economic loss, including material discount effects, and material direct and indirect costs associated with collecting on the instrument.

    [Note: article 4(26) of the Banking Consolidation Directive (Definitions)]79

      1. 54
        1. (1) (in BIPRU 79and for the purposes of the IRB approach, the standardised approach to credit risk and BIPRU 5 (Credit risk mitigation)) economic loss, including material discount effects, and material direct and indirect costs associated with collecting on the instrument.
        [Note: article 4(26) of the Banking Consolidation Directive (Definitions)]79
        1. (2) (except in (2)) has the meaning in article 5(1) of the UK CRR79.