http://www.legislation.gov.uk/eur/2017/180/article/8Commission Delegated Regulation (EU) 2017/180 of 24 October 2016 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards for benchmarking portfolio assessment standards and assessment-sharing procedures (Text with EEA relevance)Commission Delegated Regulation (EU) 2017/180Commission Delegated Regulation (EU) 2017/180 of 24 October 2016 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards for benchmarking portfolio assessment standards and assessment-sharing procedures (Text with EEA relevance)King's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32017R0180texttext/xmlen2024-07-08Expert Participation2023-07-11 Assessment standards for internal approaches for credit risk specific to the LDP Article 8 1 When carrying out an assessment referred to in Article 3(1) relating to the LDP counterparties set out in template 101 of Annex I of Implementing Regulation (EU) 2016/2070, competent authorities shall assess whether the differences between the own funds requirements for credit risk of an institution and those of its peers are driven by any of the following: a different rank ordering of the counterparties included in the LDP samples or different PD levels assigned to each grade; b specific facility types, collateral instruments or location of the counterparties; c heterogeneity in the PDs, LGDs, maturities or conversion factors; d collateralisation practices; e level of independency from external ratings assessment and frequency in the internal rating update. 2 Where an institution classifies a counterparty as ‘defaulted’ while other institutions classify it as ‘performing’, or vice versa, competent authorities shall apply the approach referred to in paragraph 1 to that counterparty.