Arxo Findings Register · Arxo Law

ARXO-2026-0361 · Reported

Basel Framework: CRE30.31

CRE30.31 makes top-down eligibility for recourse receivables depend on a 'primary protection' test said to be set in CRE34.4-34.7, but those paragraphs contain no such test.

Consequence

Position: Pool of corporate receivables with 20% recourse to the seller Reading a: Apply CRE34.4-34.7: no test, eligibility undeterminable Reading b: Eligibility judged by supervisor on general criteria Difference: Top-down vs bottom-up/F-IRB treatment

Proposed correction

Clarify or correct the cited passage so that the rule and its references give one result for the stated case.

Issued by
Basel Committee on Banking Supervision
Act
Basel Framework CRE30 (in force 2023-01-01, published 2020-03-27)
Place
CRE30.31
Record
Discrepancy
Class
Text of the act
Where it arose
The text of the act
Arxo's conclusion
Confirmed
Official text
Unchanged at last check
Last checked
2026-10-31

Evidence

Contradiction within the text. Quotations are verbatim from the official material; translations are ours and marked.

as long as the cash flows from the purchased corporate receivables are the primary protection against default risk as determined by the rules in CRE34.4 to CRE34.7 for purchased receivables
Normative text · Basel Framework CRE30 (in force 2023-01-01, published 2020-03-27) · CRE30.31 · Published 2020-03-27 · retrieved 2026-10-31 · SHA-256 4d47fea78cbb9333e9026a15e0f7908b175470dcc6245522c2b9d3ed6206e0b9 · copy

How to check it without Arxo's tools

  1. Open Basel Framework CRE30 (in force 2023-01-01, published 2020-03-27) and find CRE30.31. Compare the text with the quotation above. A copy is kept in this register: 4d47fea78cbb9333-CRE30@2023-01-01~2020-03-27.txt (SHA-256 4d47fea78cbb9333e9026a15e0f7908b175470dcc6245522c2b9d3ed6206e0b9, copy of the official file).
  2. The finding holds if the quoted passages read as shown and the comparison gives the result stated at the top of this page. If it does not, write to us with the record ID.

How this finding was made

AI models read the texts, built the examples and reviewed the findings.

Responsible institutions

Reported to

DateInstitutionChannelReference
2026-10-31Basel Committee on Banking Supervisione-mailhttps://mail.google.com/mail/u/0/#sent/KtbxLthRTjRNkqRtWGvxMWmXhVdckfWkGV

Responses

No response recorded.

History

  1. 2026-10-31Confirmed by Arxo
  2. 2026-10-31Entered in the register
  3. 2026-10-31Reported to Basel Committee on Banking Supervision (e-mail)

Cite this record

Arxo Law, Arxo Findings Register, ARXO-2026-0361, https://arxo.io/findings/ARXO-2026-0361/ (status as of 2026-10-31). Data: ARXO-2026-0361.json.