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COREP Guidance COREP Terms & Definitions CONTACT US Regional Government or Local Authorities Exposure

Regional Government or Local Authorities Exposures?

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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.