The bank must apply the large exposures framework at every level where risk-based capital applies and consider exposures to all counterparties other than exempt sovereigns (LEX10.4-10.7). An exposure is large when it is at or above 10% of Tier 1 capital (LEX10.8). Connected counterparties, linked by control (automatically where more than 50% of voting rights is held) or economic interdependence, must be treated as one counterparty, and interdependence must be investigated wherever exposure to one counterparty exceeds 5% of Tier 1 (LEX10.9-10.18). Exposure to any counterparty or group must not exceed 25% of Tier 1 at all times; breaches must be reported immediately and rectified quickly (LEX20.1-20.3). Between G-SIBs the limit is 15%, applied within 12 months of a bank becoming a G-SIB (LEX40.1). The bank must report exposures at or above 10% of Tier 1 before and after CRM, exempted exposures at or above 10%, and its 20 largest exposures regardless of size (LEX20.4). Exposures use accounting values and standardised CCFs, with only standardised-eligible CRM recognised and substituted to the provider (LEX30.3-30.14). Trading book exposures use gross jump-to-default with 100% LGD, and banking and trading book netting is prohibited (LEX30.17, LEX30.29). Structures are looked through unless each underlying is below 0.25% of Tier 1 (LEX30.42-30.44).
This control maps to 1 controls across 1 other frameworks. If you already hold one of them, the evidence you collected for it is the starting point here rather than new work.
Every mapping shown was judged rather than inferred from wording similarity, and the ones that failed review are published too. See the coverage reports and what was rejected.
The graph holds this control, the 1 it maps to, and the evidence behind each claim, over MCP and REST.