loss

79 for the purposes of the IRB approach, the standardised approach to credit risk and BIPRU 5 (Credit risk mitigation)) economic loss, including material discount effects, and material direct and indirect costs associated with collecting on the instrument.[Note: article 4(26) of the Banking Consolidation Directive (Definitions)]79

1. 54[Note: article 4(26) of the Banking Consolidation Directive (Definitions)]79
   1. (1) (in BIPRU 79and for the purposes of the IRB approach, the standardised approach to credit risk and BIPRU 5 (Credit risk mitigation)) economic loss, including material discount effects, and material direct and indirect costs associated with collecting on the instrument.
   2. (2) (except in (2)) has the meaning in article 5(1) of the UK CRR79.
   [Note: article 4(26) of the Banking Consolidation Directive (Definitions)]79