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Setting a minimum level of risk weight for retail exposures secured by real estate property

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Setting a minimum level of risk weight for retail exposures secured by real estate property - content
    Issuer:Governor of Eesti Pank
    Type:regulation
    In force from:12.06.2021
    In force until: In force
    Translation published:10.08.2021

    Setting a minimum level of risk weight for retail exposures secured by real estate property

    Passed 27.08.2019 No. 6
    RT V, 04.09.2019, 2
    Entry into force 30.09.2019

    Amended by the following legal instruments (show)

    PassedPublishedEntry into force
    02.06.2021RT I, 09.06.2021, 112.06.2021

    TThe Decree is established under § 241 (2)6) of the Eesti Pank Act and § 854 (3) of the Credit Institutions Act.
    [RT I, 09.06.2021, 1 - entry into force 12.06.2021]

    § 1.  Credit institutions in Estonia that use the Internal Ratings Based Approach for calculating risk-weighted exposure amounts must apply a risk weight of at least 15% to retail exposures secured by real estate property to obligors residing in Estonia to calculate the total risk exposure amount as referred to in Article 92 Section 3 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.06.2013, p 1-337).

    § 2.  A credit institution for the purpose of this Decree is a credit institution whose registered office and head office are in Estonia.

    § 3.  Credit institutions must meet the requirement set in § 1 of this Decree at the portfolio level as an average of the exposures concerned. The requirement shall be met on an individual and a consolidated basis.

    § 4.  This decree enters into force on 30 September 2019.

    https://www.riigiteataja.ee/otsingu_soovitused.json