lexiara

(c)

Commission Delegated Regulation (EU) 2021/424 of 17 December 2019 amending Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to the alternative standardised approach for market risk (Text with EEA relevance) · European Union

the institution has demonstrated to the satisfaction of its competent authority that: using the chosen base currency provides an appropriate risk representation for the institution’s positions subject to foreign exchange risks; the choice of base currency is compatible with the manner in which the institution manages those foreign exchange risks internally; the choice of base currency is not driven primarily by the desire to reduce the institution’s own funds requirements;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-18 · Text as adopted (Official Journal); later amendments are not incorporated in this text.