Regional Government or Local Authorities Exposures?
COREP Assets by Category: Balance Sheet Exposure Subject to Credit Risk
Exposures to Regional Governments or Local Authorities
A firm may treat exposures to the following regional governments as exposures to the UK central government for the purposes of Article 115 of the Capital Requirements Regulations :
(1) The Scottish Parliament;
(2) The National Assembly for Wales; and
(3) The Northern Ireland Assembly.
If you are uncertain if any of your exposures should be classified as a Regional Government or Local Authority exposure, please get in touch and we’d be happy to help.