Use Case: Helping Bank X achieve CRR compliance
Bank X, based in Europe, is required to comply with Article 296 of the Capital Requirements Regulation (Regulation (EU) No 575/2013). Article 296 states that, in order to be able to mark OTC derivatives counterparty credit lines as ‘net’ (reducing balance sheet usage), sell-side firms must make written and reasoned legal opinions available to regulators […]