Qualifying central bank
Qualifying central bank means:
(1) A Federal Reserve Bank;
(2) The European Central Bank; and
(3) The central bank of any member country of the Organisation for Economic Co-operation and Development, if:
(i) Sovereign exposures to the member country would receive a zero percent risk-weight under ยง 324.32; and
(ii) The sovereign debt of the member country is not in default or has not been in default during the previous 5 years.