revise the rules for ESM credit lines. 2.5.2 Detailed Assessment The new ESM credit lines will be introduced by amendments to the ESM Treaty and by a revision of the ESM Credit Line Guideline. Drafts [...] Euro State on the other hand are not explicitly provided for in the Eurogroup agreement. However, it is conceivable that the application for an ESM credit line will not receive the necessary unanimous [...] revise the rules for ESM credit lines. Only very few Euro States meet the new, stricter criteria for applying for an ESM credit line. These countries are unlikely to need the credit line. Due to the planned
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N 3 USE OF CREDIT ASSESSMENTS BY EXPORT CREDIT AGENCIES Article 132 Use of credit assessments by Export Credit Agencies 1. For the purpose of Article 109, institutions may use credit assessments [...] Supported Export Credits’; (b) the Export Credit Agency publishes its credit assessments, and the Export Credit Agency subscribes to the OECD agreed methodology, and the credit assessment is associated [...] to apply the approaches to credit risk of this Regulation, credit institutions and investment firms should enhance credit risk measurement and management processes of credit institutions and investment
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grant credits for their own account. Exceptions should be provided for in the case of certain credit institutions to which this Directive does not apply. The provisions of this Directive should not affect [...] ns not authorised as credit institutions in their home Member States and with regard to activities not listed in Annex I to this Directive provided that, on the one hand, such provisions are not already [...] State: (a) The credit institution does not comply with the national provisions implementing this Directive or with Regulation [inserted by OP]; (b) The credit institution is expected not to comply with
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The determination of a credit rating should be influenced only by factors relevant to the credit assessment. 2.4 The credit rating a CRA assigns to an issuer or security should not be affected by the [...] CONDUCT FUNDAMENTALS FOR CREDIT RATING AGENCIES INTRODUCTION Credit rating agencies (CRAs) can play an important role in modern capital markets. CRAs typically opine on the credit risk of issuers of [...] is the issuance of credit ratings for the purposes of evaluating the credit risk of issuers of debt and debt-like securities. For the purposes of the Code Fundamentals, a “credit rating” is an opinion
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although such a choice may not be given for domestic payments. In such situations the Commission is of the opinion that charges for cross-border credit transfers should not differ from the charges actually [...] .9 Where a credit transfer cannot be executed correctly and straight-through-processing (STP) is not possible, banks commonly charge reject, return or repair fees. These fees do not fall within the [...] internet credit transfers, which remain largely unavailable, in contrast to domestic internet payments. The policy of limiting the range of e-banking options to national credit transfers is not in itself
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supervise bodies which are not covered by the definition of credit institutions under Union law but which are supervised as credit institutions under national law, to supervise credit institutions from third [...] Access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms and the Regulation on prudential requirements for credit institutions and investment [...] significant holdings in credit institutions. (17) Compliance with Union rules requiring credit institutions to hold certain levels of capital against risks inherent to the business of credit institutions, to
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Funds (Note 2,3) Public Financial Institutions Other Investment Funds (Note 6) XX (Note 1) XX (Note 1) XX (Note 1) Nominal GDP XX (Note 1) Others Others Other Financial Intermediaries (OFIs) [...] such in the Note cell. Note 5: If data for MMFs can not be separated between CNAV and Others, please fill the aggreaged number in the CNAV MMF cells and explain that in the Note cell. Note 6: If data for [...] in the Note cell. Note 3: If data for Insurance Companies, Pension Funds and Public Financial Institutions are included in Other Financial Intermediaries, please clarify that in the Note cell. Note 4: If
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replaced by the following: Table 1 Credit Quality Step 1 2 3 4 (only for credit assessments other than short-term credit assessments) all other credit quality steps Securitisation positions [...] Where an external credit assessment for a securitisation position incorporates the effect of credit protection provided by the investing institution itself, the institution should not be able to benefit [...] point 1, the following point (c) is added: "(c) The credit assessment shall not be based or partly based on unfunded support provided by the credit institution itself." (b) Part 4 is amended as follows:
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Automatic All Estonia – Not automatic Some Finland Not automatic All France Not automatic Case-by-case Germany Not automatic Some Greece Not automatic Case-by-case Hungary – – – [...] remitter would not have any comparable impact. An insolvent money remitter would not have the capacity to damage the wider financial system. Credit risk Money remitters do not face a credit risk, as the [...] fully licensed credit institutions. Bank and credit card receivables are excluded from the list of eligible investments. As many customers fund their account with credit card or credit transfer, this
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character of credit substitutes, – Irrevocable standby letters of credit not having the character of credit substitutes, – Undrawn credit facilities (agreements to lend, purchase securities, provide guarantees [...] the issuer of the note. Where the credit linked note has an external rating and meets the conditions for a qualifying debt item, a single long position with the specific risk of the note need only be recorded; [...] approach for credit risk, which is not higher than that of the assets referred to under (a); (c) long and short positions in assets for which a credit assessment by a nominated external credit assessment
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