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EBA/GL/2021/09 15 September 2021 Report Final Guidelines specifying the criteria to assess the exceptional cases when institutions exceed the large exposure limits of Article 395(1) of Regulation (EU) No 575/2013 and the time and measures to return to compliance pursuant to Article 396(3) of Regulation (EU) No 575/2013 GUIDELINES SPECIFYING THE CRITERIA TO ASSESS THE EXCEPTIONAL CASES WHEN INSTITUTIONS EXCEED THE LARGE EXPOSURE LIMITS OF ARTICLE 395(1) OF REGULATION (EU) NO 575/2013 AND THE TIME AND MEASURES TO RETURN TO COMPLIANCE PURSUANT TO ARTICLE 396(3) OF REGULATION (EU) NO 575/2013 2 Contents 1. Executive Summary 3 2. Background and rationale 4 3. Guidelines 11 4. Accompanying documents 21 GUIDELINES SPECIFYING THE CRITERIA TO ASSESS THE EXCEPTIONAL CASES WHEN INSTITUTIONS EXCEED THE LARGE EXPOSURE LIMITS OF ARTICLE 395(1) OF REGULATION (EU) NO 575/2013 AND THE TIME AND MEASURES TO RETURN TO COMPLIANCE PURSUANT TO ARTICLE 396(3) OF REGULATION (EU) NO 575/2013 3 1.

General considerations on breaches of the large exposure limits of Article 395(1) of Regulation (EU) No 575/2013 Background 1. In October 2016 the EBA issued an opinion in response to the European Commissions call for advice, where it set out its views on the review of the European large exposures regime.2 In that

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