• Multilateral development bank (MDB) asset class

    • PRU 4.12.7

      Subject to Rules 4.12.8 and 4.12.9, an Authorised Person must risk-weight any CR Exposure in the MDB asset class in accordance with the following table:

      Risk Weights for the MDB asset class

      Credit Quality Grade 1 2 3 4 5 6 Unrated
      Risk Weight 0% 50% 50% 100% 100% 150% 50%

    • PRU 4.12.8

      An Authorised Person must apply a 0% risk weight to any CR Exposure to the qualifying MDBs set out below:

      (a) The World Bank Group comprised of the International Bank for Reconstruction and Development (IBRD), the Multilateral Investment Guarantee Agency (MIGA), and the International Finance Corporation (IFC);
      (b) The Asian Development Bank (ADB);
      (c) The African Development Bank (AfDB);
      (d) The European Bank for Reconstruction and Development (EBRD);
      (e) The Inter-American Development Bank (IADB);
      (f) The European Investment Bank (EIB);
      (g) The European Investment Fund (EIF);
      (h) The Nordic Investment Bank (NIB);
      (i) The Caribbean Development Bank (CDB);
      (j) The Islamic Development Bank (IDB); and
      (k) The Council of Europe Development Bank (CEDB).

    • PRU 4.12.9

      An Authorised Person must apply a 0% risk weight to any CR Exposure to the Bank for International Settlements, the International Monetary Fund, the European Central Bank or the European Commission.