6
Large Exposure Limits
6.1
This Chapter does not apply to:
- (1) a reinsurance exposure; or
- (2) a counterparty exposure or asset exposure to an CRD credit institution.
- 01/01/2016
6.2
A firm must take reasonable steps to limit its counterparty exposure or asset exposure to:
- (1) a single counterparty;
- (2) each of the counterparties within a group of closely related counterparties; and
- (3) an asset or class of identical assets;
to a level where, if a total default were to occur, the firm would not become unable to meet its liabilities as they fall due.
- 01/01/2016