{
  "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-III/division-4/division-4.1/division-4.1.4",
  "json_url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-III/division-4/division-4.1/division-4.1.4.json",
  "legislation": "eudn/2014/341",
  "legislation_title": "Commission Decision of 3 September 2013 State aid SA.32554 (09/C) Restructuring aid for Hypo Group Alpe Adria implemented by Austria (notified under document C(2013) 5648) (Only the German text is authentic) (Text with EEA relevance) (2014/341/EU)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2014-341",
  "path": "annex/division/n2/division/III/division/4/division/4.1/division/4.1.4",
  "kind": "division",
  "number": "4.1.4",
  "heading": null,
  "text": "After properly calculating the funding cost (in accordance with point 4.1.3) and risk cost (the total expected loss on the uncovered amount, after applying an additional haircut of […] % on the collateral), an annual return on equity of a least […] % for any new credit engagement must be ensured (fees may be taken into account in the calculation). The Commission may, by service letter, lift the requirement for an additional haircut of […] % for the purpose of calculating the risk costs once the Monitoring Trustee provides a reasoned opinion that the bank’s existing collateral valuation system as a whole is appropriate and already includes appropriate haircuts.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2014/341/annex/division/n2/division/III/division/4/division/4.1/division/4.1.4",
    "retrieved_at": "2026-11-01T15:14:45.373906+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}