8. Is deeply concerned about the transfer of risks from struggling banks and governments onto the ECB’s balance sheet as a result of the ECB’s decision to buy ‘unlimited’ amounts of short-term government debt; stresses that the long-term refinancing operations (LTROs) do not provide a fundamental solution to the crisis;

8. Is deeply concerned about the transfer of risks from struggling banks and governments onto the ECB’s balance sheet as a result of the ECB’s decision to buy ‘unlimited’ amounts of short-term government debt; stresses that the long-term refinancing operations (LTROs) do not provide a fundamental solution to the crisis;

3. Competent authorities shall encourage institutions, taking into account their size, internal organisation and the nature, scale and complexity of their activities, to develop internal specific risk assessment capacity and to increase use of internal models for calculating own funds requirements for specific risk of debt instruments in the trading book, together with internal models to calculate own funds requirements for default and migration risk where their exposures to specific risk are material in absolute terms and where they have a large number of material positions in debt instruments of different issuers.

Managers of qualifying venture capital funds should only be permitted to borrow, issue debt obligations or provide guarantees, at the level of the qualifying venture capital fund, provided that such borrowings, debt obligations or guarantees are covered by uncalled commitments and thus do not increase the exposure of the fund beyond the level of its committed capital.

asset items constituting claims on regional governments or local authorities of Member States where those claims would be assigned a 20 % risk weight under Articles 78 to 83 and other exposures to or guaranteed by those regional governments or local authorities, claims on which would be assigned a 20 % risk weight under Articles 78 to 83.

asset items constituting claims on regional governments or local authorities of Member States where those claims would be assigned a 0 % risk weight under Articles 78 to 83 and other exposures to or guaranteed by those regional governments or local authorities, claims on which would be assigned a 0 % risk weight under Articles 78 to 83.