Related provisions for MIPRU 4.2A.11
1 - 8 of 8 items.
The credit risk capital requirement of a firm is 8% of the total of its risk weighted exposure amounts for exposures that:(1) are on its balance sheet; and(2) derive from: (a) a loan entered into; or(b) a securitisation position originated; or(c) a CIU position entered into;on or after 26 April 2014; and (3) have not been deducted from the firm'scapital resources under MIPRU 4.4.4 R or MIPRU 4.2BA;calculated in accordance with MIPRU 4.2A.
2The capital resources requirementfor a firm carrying on any home financing which is connected to regulated mortgage contracts, or home financing and home finance administration which is connected to regulated mortgage contracts (and no other regulated activity), is the higher of:(1) £100,000; and(2) the sum of: (a) the credit risk capital requirement calculated in accordance with MIPRU 4.2A; and(b) 1% of:(i) its total assets plus total undrawn commitments and unreleased amounts