Loss Given Default and Prospectus Directive: Difference between pages

Revision as of 15:40, 29 January 2020

European Union (EU).

Formerly, the EU's Directive on the prospectus to be published when securities were offered to the public or admitted to trading (2003/71/EC).

It was amended five times in the period 2008 to 2014, the 2014 amendment being Directive 2014/51/EU.

With effect from 21 July 2019, the Prospectus Directive was replaced by the EU Prospectus Regulation.

@@ Line 1: / Line 1: @@
-''Credit risk - banking''.
+''European Union (EU)''.
-(LGD).
+Formerly, the EU's Directive on the prospectus to be published when securities were offered to the public or admitted to trading (2003/71/EC).
-Loss Given Default is the estimated loss on an exposure - usually expressed as a percentage - following a default by the counterparty.
+It was amended five times in the period 2008 to 2014, the 2014 amendment being Directive 2014/51/EU.
-The relevant measure of the exposure is Exposure at Default (EAD).
+With effect from 21 July 2019, the Prospectus Directive was replaced by the EU Prospectus Regulation.
 == See also ==
-* [[Credit Benchmark]]
+* [[Directive]]
-* [[Credit rating]]
+* [[Offering memorandum]]
-* [[Credit risk]]
+* [[Prospectus]]
-* [[Default]]
+* [[Prospectus Regulation]]
-* [[Expected Loss]]
+* [[Regulation]]
-* [[Exposure At Default]]
+* [[Security]]
-* [[Probability of Default]]
-[[Category:The_business_context]]
-[[Category:Investment]]
-[[Category:Long_term_funding]]