Source: https://www.riigiteataja.ee/en/eli/ee/504092019002/consolide
Timestamp: 2019-12-15 19:44:36
Document Index: 143404193

Matched Legal Cases: ['§ 241', '§ 1', '§ 2', '§ 3', '§ 1', '§ 4']

Setting a minimum level of risk weight for retail exposures secured by real estate property – Riigi Teataja
Setting a minimum level of risk weight for retail exposures secured by real estate property
Setting a minimum level of risk weight for retail exposures secured by real estate property - content
Passed 27.08.2019 No. 6
The Decree is established under § 241 (2)6) of the Eesti Pank Act and Articles 458(2(d)(vi)) and 458(4) 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).
§ 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.