Question ID
2025_7411
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Credit risk
Article
118
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Not applicable
Article/Paragraph
N/A
Type of submitter
Credit institution
Subject matter
Risk Weights for International Organisations under the Standardised Approach
Question

Is it permissible that exposures to NATO Communication and Information Agency are assigned a 0 % risk weight under Article 118(f) CRR?

Background on the question

Article 118 of Regulation (EU) No 575/2013 (CRR) states that certain international organisations listed therein shall be assigned a 0 % risk weight. It is unclear whether exposures to NATO Communication and Information Agency can be assigned a 0 % risk weight under the said article, as Q&A 968 states that exposures to international organisations not included in the exhaustive list of Article 118 CRR shall be treated as exposures to corporates (Article 122).

Submission date
Rejected publishing date
Rationale for rejection

The question is rejected on the basis that it has already been addressed by the European Commission in Q&A 968 (cat.1). That Q&A clarifies that exposures to international organisations not included in the exhaustive list of Article 118 of Regulation (EU) No 575/2013 (CRR) shall be treated as exposures to corporates (Article 122).

Furthermore, in the case of intergovernmental organisations where the participating sovereigns provide guarantees, these guarantees may be taken into account in accordance with the requirements laid down in Part Three, Chapter 4 (‘Credit Risk Mitigation’) of the CRR.

Status
Rejected question