Single Rulebook Q&A

Question ID: 2018_3897
Legal act : Regulation (EU) No 575/2013 (CRR) as amended
Topic : Supervisory reporting
Article: 99,100
Paragraph: Annexes III, IV and XVI, validation rules
Subparagraph:
COM Delegated or Implementing Acts/RTS/ITS/GLs: Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (as amended)
Article/Paragraph : 17
Name of institution / submitter: BNP PARIBAS FORTIS
Country of incorporation / residence: Belgium
Type of submitter: Credit institution
Subject matter : validation rule v2818
Question:

Is there is an error in validation rule V2818 (check between AE and FINREP CON)? It caused a blocking error on the side of our institution. ERROR : v2818_m: sum({F 32.01, r070, (c010, c060)}) = {F 04.01, r080,c010} + {F 04.02.1, r070,c010} + {F 04.02.2, r080,c010} + {F 04.03.1, r070,c010} + {F 04.04.1, r030, c010} + {F 04.06, r080, c010} + {F 04.07, r080, c010} + {F 04.08, r080, c010} + {F 04.09, r030, c050} + {F 04.10, r080, c010} : [F 32.01: 22693164316; FINREP: 734022053; 596916000; 0; 11242205575; 10104104910] It checks debt securities issued by central banks and general governments. Apparently in the control some FINREP cells for central banks are missing. For example: {F 04.01, r070,c010} {F 04.03.1, r060,c010} {F 04.04.1, r020, c010} I see no reason why these fields are missing in the rule.

Background on the question:

We think there is an error in validation rule V2818 (check between AE and FINREP CON). It caused a blocking error on the side of our institution. ERROR : v2818_m: sum({F 32.01, r070, (c010, c060)}) = {F 04.01, r080,c010} + {F 04.02.1, r070,c010} + {F 04.02.2, r080,c010} + {F 04.03.1, r070,c010} + {F 04.04.1, r030, c010} + {F 04.06, r080, c010} + {F 04.07, r080, c010} + {F 04.08, r080, c010} + {F 04.09, r030, c050} + {F 04.10, r080, c010} : [F 32.01: 22693164316; FINREP: 734022053; 596916000; 0; 11242205575; 10104104910] It checks debt securities issued by central banks and general governments. Apparently in the control some FINREP cells for central banks are missing. For example: {F 04.01, r070,c010} {F 04.03.1, r060,c010} {F 04.04.1, r020, c010} I see no reason why these fields are missing in the rule.

Date of submission: 17/05/2018
Published as Final Q&A: 11/01/2019
EBA answer:

Validation rule v2818_m refers to rows related to Central Government counterparties only under template F 32.01 and F 04.01 to F 04.10.

The definition of Central Government is provided under Annex V, part1, paragraph 42(b) of Regulation N°680/2014. It is a different category from Central Bank as listed under paragraph 42(a) of that Regulation. Consequently the validation rule is correct, and debt securities issued by central banks are not included in the validation rule v2818_m.

Status: Final Q&A
Permanent link: link