CRD / Basel II Implementation
This section provides practical information for firms implementing the CRD II and III changes..The aim is to help firms understand how we put the new rules into effect.
In particular, where firms are intending to apply for model recognition under one of the advanced approaches available in the new framework, we have set out information on how we conduct our model reviews. These pages do not provide guidance on FSA rules.
The implementation details page contains information on the FSA Handbook rules implementing CRD (and supporting material), the capital floors and regulatory reporting under the CRD.
The advanced approaches section provides documents and links that will give firms the administrative information and documents that they will need to apply for advanced approaches under Pillar 1 of the new framework.
The list of eligible External Credit Assessment Institutions (ECAIs) page lists the names of the ECAIs that have been recognised for the purposes of the standardised approach to credit risk and some securitisation-based approaches. It also includes the mapping of each ECAI’s credit assessments to risk weights applicable under the new regime.
The Pillar 2 page contains information on the practical implementation of Pillar 2, including on the Pilot Study, the SREP framework and cross-border issues.
The Pillar 3 page contains general information on the new disclosure requirements under CRD, including on the timing, location and the type of information that could be excluded from the disclosures.
The BIPRU embedded waivers page sets out our approach to waiver requests for BIPRU rules. It lists the BIPRU provisions where an alternative treatment is available to firms via a waiver application. We refer to these as 'embedded waivers' as the waiver option is explicitly embedded in the Handbook text.
The individual guidance page sets out some practical implications in relation to existing and 'fresh' individual guidance under GENPRU and BIPRU rules. It sets out the issues for firms to take into account when considering whether they can continue to place reliance on individual guidance issued in respect of IPRU Handbook provisions.
