CHAPTER 3 Benchmark and related references
Article 14 Benchmark
The benchmark referred to in point (c) of Article 136(2) of Regulation (EU) No 575/2013, shall be distinguished in:
- (a)
a long-run default rate benchmark for each credit quality step as set out in Table 1 of Annex I;
- (b)
a short-run default rate benchmark for each credit quality step as set out in Table 2 of Annex I.