There is a need to clarify the point that Pillars II and III will apply in the transitional period only if an institution is also applying Pillar I. This must be the case not only for the Standardised Approach but also for the two progressive approaches.
There is a need to clarify the point that Pillars II and III will apply in the transitional period only if an institution is also applying Pillar I. This must be the case not only for the Standardised Approach but also for the two progressive approaches.