Target exclusion of a subsidiary merged at the end of the year

Hello,

I want to ask whether a financial institution group that intends to submit a target at around October this year, with emissions and exposures of 2021, may exclude the exposure and emissions of a subsidiary merged on 24th Dec 2021, considering its’ limited holding period.

Thank you very much.

Best regards,

YoungWoo

Hi YoungWoo,

Thanks for reaching out. It may be simplest to submit when the exposure and emissions of the recent acquisition can be included. Otherwise, the FI may need to update its targets next year.

Thanks,
Howard