Response to consultation on draft Regulatory Technical Standards on materiality threshold of credit obligation past due

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Q2. Do you agree with the proposed maximum levels of the thresholds?

The thresholds identified (absolute and relative) are considered too low, as there is a risk to include positions that do not present a risk of default

Q3. How much time is necessary to implement the threshold set by the competent authority according to this proposed draft RTS? Given current practices, what is the scope of work required to achieve compliance?

NA

Q4. Do you agree with the assessment of costs and benefits of these proposed draft RTS?

Yes We agree

Q5. What is the expected impact of these proposed draft RTS?

NA

Name of organisation

BANCA SELLA SPA