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FCA Handbook
Glossary
standardised approach

standardised approach

121
1. (for the purposes of BIPRU) one of the following:
  1. (a) (where expressed to relate to credit risk) the method for calculating capital requirements for credit risk in BIPRU 3 (Credit risk) and BIPRU 9.2.1R(1) and BIPRU 9.11 (Standardised approach);
  1. (b) (where expressed to relate to operational risk) the method for calculating capital requirements for operational risk in BIPRU 6.3 (Standardised approach);
  1. (c) (where not expressed to relate to any risk and used in BIPRU 3, BIPRU 4 (IRB approach), BIPRU 5 (Credit risk mitigation), BIPRU 9 (Securitisation) or BIPRU 10 (Large exposures requirements)) it has the meaning in (a);
  1. (d) (where not expressed to relate to any risk and used in BIPRU 6 (Operational risk)) it has the meaning in (b);
  1. (e) (where the one of the approaches in (a) to (d) is being applied on a consolidated basis) that approach as applied on a consolidated basis in accordance with BIPRU 8 (Group risk - consolidation); or
  1. (f) when the reference is to the rules of or administered by a regulatory body other than the appropriate regulator, whatever corresponds to the approach in (a) to (e), as the case may be, under those rules.