PRU 3.18.6

Past version: effective from 19/02/2020 - 18/02/2020
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The weighted average of the Countercyclical Capital Buffer rates shall be calculated by:

(a) for each jurisdiction in which the Authorised Person has relevant credit risk exposures, dividing the Total Risk Exposure Amount that relates to the relevant credit risk exposures in that jurisdiction by the Total Risk Exposure Amount that relates to the Authorised Person's relevant credit risk exposures across all jurisdictions and multiplying it by the applicable Countercyclical Capital Buffer rate in that jurisdiction; and
(b) summing those contributions across all jurisdictions.