Hello everyone,
I am quite sure this is not the space for the titled subject. Nevertheless, I wish to try my luck in getting my open questions addressed.
Under Article 353, it states
‘for trading book positions, take account of the maximum indirect exposure that they could achieve by taking leveraged positions through the CIU when calculating their own funds requirement for foreign exchange risk’
I am aware that the above is only a part of the text. What I essentially require is if someone could help me understand the above.
The entire Article could be viewed in the below url:
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2013:176:0001:0337:EN:PDF
Thank you