EBU Single Rulebook Q&A 11 March 2014 2014_933 Offset of Additional Value Adjustments (‘AVAs’) against Expected Loss (‘EL’) under Article 159

Would the EBA advise whether there is any limitation on the offset of AVAs against EL? CRR Article 159 states that ‘Institutions shall subtract the expected loss amounts…from the general and specific credit risk adjustments and additional value adjustments(AVAs) in accordance with Articles 34 and 110’.