countercyclical buffer rate
162(in accordance with article 128(7) of the CRD (Definitions)) the rate:
- (a) expressed as a percentage of total risk exposure amount set by the UK countercyclical buffer authority or an EEA countercyclical buffer authority; or
- (b) expressed in terms equivalent to a percentage of total risk exposure amount set by a third-country countercyclical buffer authority,
that a firm must apply in order to calculate its countercyclical capital buffer.