OpenLegislation

Division 2 Changes to the measurement system for operational risk if they fulfil any of the following criteria:

United Kingdom

Original text. Later amendments are not shown.

  1. (a)

    they change the architecture of the measurement system regarding the combination of the four data elements of internal and external loss data, scenario analysis, business environment and internal control factors, according to Article 322(2)(b) of Regulation (EU) No 575/2013;

  2. (b)

    they change the logics and drivers of the methodology for allocating the operational risk capital between the different entities of a group according to Article 20(1)(b) and 322(2)(a) of Regulation (EU) No 575/2013.