# 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 (Text with EEA relevance), Article 137: Use of credit assessments by export credit agencies

Extent: E+W+S+N.I.

1. For the purpose of Article 114, institutions may use credit assessments of an Export Credit Agency that the institution has nominated, if either of the following conditions is met:
(a) it is a consensus risk score from export credit agencies participating in the OECD ‘ Arrangement on Guidelines for Officially 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 with one of the eight minimum export insurance premiums that the OECD agreed methodology establishes. An institution may revoke its nomination of an Export Credit Agency. An institution shall substantiate the revocation if there are concrete indications that the intention underlying the revocation is to reduce the capital adequacy requirements.
2. Exposures for which a credit assessment by an Export Credit Agency is recognised for risk weighting purposes shall be assigned a risk weight in accordance with Table 9.
Table 9
MEIP
0
1
2
3
4
5
6
7
Risk weight
0 %
0 %
20 %
50 %
100 %
100 %
100 %
150 %

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Source: https://www.legislation.gov.uk/eur/2013/575/article/137 (the official version)
Page: https://openlegislation.uk/eu-regulation-2013-575/article-137
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.