leverage
as defined in CRR, Article 4(1), point (93) (Definitions)
the relative size of an institution's assets, off-balance sheet obligations and contingent obligations to pay or to deliver or to provide collateral, including obligations from received funding, made commitments, derivates or repurchase agreements, but excluding obligations which can only be enforced during the liquidation of an institution, compared to that institution's own funds
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Also defined in
- Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit… 32013L0036, Article 3(1), point (56)
leverage as defined in point (93) of Article 4(1) of Regulation (EU) No 575/2013 - Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund… 32011L0061, Article 4(1), point (v)
any method by which the AIFM increases the exposure of an AIF it manages whether through borrowing of cash or securities, or leverage embedded in derivative positions or by any other means;