anx_VII__cpt_1__cpt_3__point_30__text_2

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) · European Union

For defaulted exposures (PD =1) where credit institutions use own estimates of LGDs, EL shall be EL_(BE), the credit institution's best estimate of expected loss for the defaulted exposure according to Part 4, point 80.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.