On 1 February 2023, there was published in the Official Journal of the European Union (OJ) a Commission Delegated Regulation  supplementing the Capital Requirements Regulation (CRR) with regard to regulatory technical standards (RTS) specifying the types of factors to be considered for the assessment of the appropriateness of risk weights for exposures secured by immovable property and the conditions to be taken into account for the assessment of the appropriateness of minimum loss given default values for exposures secured by immovable property.

The RTS have been developed according to Articles 124(4) and 164(8) of the CRR and specify the types of factors to be considered for the assessment of the appropriateness of the risk weights referred to in the first subparagraph of paragraph 2 of Article 124 of the CRR; and the conditions that the authority designated by the Member State shall take into account when assessing the appropriateness of minimum loss given default LGD values as part of the assessment referred to in paragraph 6 of Article 164 of the CRR.

The Delegated Regulation enters into force on the twentieth day following its publication in the OJ.