Banks must at all times hold CET1 of at least 4.5%, Tier 1 of at least 6% and total capital of at least 8.0% of risk-weighted assets, with the components defined in CAP10, net of the CAP30 adjustments and subject to the CAP90 transitional rules (RBC20.1 to 20.2). The RWA used for these ratios and for the buffers is the higher of the sum of credit, market and operational risk RWA calculated with the bank's nominated approaches and 72.5% of the same sum calculated only with the standardised approaches, the output floor (RBC20.3 to 20.4). Before calculating credit and market RWA the bank identifies its trading book under RBC25 (RBC20.5). Credit RWA covers banking book exposures under the standardised or IRB approach, counterparty credit risk, equity investments in funds, securitisations (with 1250% where no approach can be used), exposures to central counterparties and unsettled and failed trades (RBC20.6); an IMM bank takes the higher of current and stressed calibrations (RBC20.8); market RWA uses the standardised, internal models or simplified standardised approach plus CVA capital (RBC20.9); and operational RWA uses the standardised approach (RBC20.10). The output floor is phased in from 1 January 2023 at 50%, rising 5 percentage points a year to 70% in 2027 and 72.5% from 1 January 2028, and supervisors may cap the resulting RWA increase at 25% of pre-floor RWA during the phase-in (RBC90.1 to 90.2).
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.