standardised approach

45one of the following:

1. (a) (where expressed to relate to credit risk) the method for calculating capital requirements for credit risk in BIPRU 3 (Credit risk) and BIPRU 9.2.1R(1) and BIPRU 9.11 (Standardised approach);
2. (b) (where expressed to relate to operational risk) the method for calculating capital requirements for operational risk in BIPRU 6.3 (Standardised approach);
3. (c) (where not expressed to relate to any risk and used in BIPRU 3, BIPRU 4 (IRB approach), BIPRU 5 (Credit risk mitigation), BIPRU 9 (Securitisation) or BIPRU 10 95(Large exposures95 requirements)) it has the meaning in (a);
4. (d) (where not expressed to relate to any risk and used in BIPRU 6 (Operational risk)) it has the meaning in (b);
5. (e) (where the one of the approaches in (a) to (d) is being applied on a consolidated basis) that approach as applied on a consolidated basis in accordance with BIPRU 8 (Group risk - consolidation); or
6. (f) when the reference is to the rules of or administered by a regulatory body other than the232 appropriate regulator,232 whatever corresponds to the approach in (a) to (e), as the case may be, under those rules.