Directive 2006/48/EC of the European Parliament and of the council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance) (repealed) (c. 48)

ANNEX VI U.K. STANDARDISED APPROACH

PART 1 U.K. RISK WEIGHTS

4. EXPOSURES TO MULTILATERAL DEVELOPMENT BANKS U.K.

4.1. Scope U.K.

18. For the purposes of Articles 78 to 83, the Inter-American Investment Corporation, the Black Sea Trade and Development Bank and the Central American Bank for Economic Integration are considered to be Multilateral Development Banks (MDB). U.K.

4.2. Treatment U.K.

19. Without prejudice to points 20 and 21, exposures to multilateral development banks shall be treated in the same manner as exposures to institutions in accordance with points 29 to 32. The preferential treatment for short-term exposures as specified in points 31, 32 and 37 shall not apply. U.K.

[F1 20. Exposures to the following multilateral development banks shall be assigned a 0 % risk weight: U.K.

(a)

the International Bank for Reconstruction and Development;

(b)

the International Finance Corporation;

(c)

the Inter-American Development Bank;

(d)

the Asian Development Bank;

(e)

the African Development Bank;

(f)

the Council of Europe Development Bank;

(g)

the Nordic Investment Bank;

(h)

the Caribbean Development Bank;

(i)

the European Bank for Reconstruction and Development;

(j)

the European Investment Bank;

(k)

the European Investment Fund;

(l)

the Multilateral Investment Guarantee Agency;

(m)

the International Finance Facility for Immunisation; and

(n)

the Islamic Development Bank.]

Textual Amendments

F1 Substituted by Commission Directive 2007/18/EC of 27 March 2007 amending Directive 2006/48/EC of the European Parliament and of the Council as regards the exclusion or inclusion of certain institutions from its scope of application and the treatment of exposures to multilateral development banks (Text with EEA relevance).

21. A risk weight of 20 % shall be assigned to the portion of unpaid capital subscribed to the European Investment Fund. U.K.