Question ID:
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Credit risk
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Not applicable
Disclose name of institution / entity:
Type of submitter:
Consultancy firm
Subject Matter:
Use of short-term issuer credit assessments with Article 131

May short-term issuer ratings be used to assign risk weights in the context of article 131?

Background on the question:

A client maintains that short-term issuer ratings may be used to assign risk weights in the context of article 131 because in French the article refers to 'Les expositions sur des établissements et des entreprises pour lesquels il existe une évaluation de crédit à court terme...'. The word 'lesquels' seems to refer to the issuers (institutions and corporates) because 'expositions' is feminine and the word would be 'lesquelles' if it referred to the exposures. 'Des établissements et des entreprises' is masculine, like 'lesquels'. As written in French the phrase could be read as 'exposures to institutions for which a short-term issuer rating exists and exposures to corporates for which a short-term issuer rating exists...'.

Date of submission:
Published as Rejected Q&A
Rationale for rejection:

Please note that as part of adjustments to the Single Rulebook Q&A process, agreed by the EBA and the European Commission, it has been decided to reject outstanding questions submitted before 1 January 2020, when the Q&A process was updated as part of the last ESAs Review. In particular, the question that you have submitted has now regrettably been rejected and will not be addressed.

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Rejected question