Member state option for covered bonds in regulation amending the EU Capital Requirements Regulation

Pursuant to Article 129(3) of Regulation (EU) 2024/1623 amending the Capital Requirements Regulation (CRR3), the Financial Supervisory Authority (FIN-FSA) allows that the limits set out in Article 229(1)(e) of Regulation (EU) 2024/1623 amending the CRR3 shall not be applied with regard to the valuation at or less than market value of immovable property securing covered bonds.

The decision is valid until further notice. The use of the option can be considered to be waived if there are grounds for waiving the option based on a reassessment by the FIN-FSA.

For more information, please contact

• Torsten Groschup, Chief Specialist, telephone +358 9 183 5333 or email torsten.groschup(at)fiva.fi
• Deni Seitz, Senior Specialist, telephone +358 9 183 5415 or deni.seitz(at)fiva.fi