Question ID
2018_4259
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - COREP (incl. IP Losses)
Article
99
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annex II - par. 4.2.2
Name of institution / submitter
Bank of Italy
Country of incorporation / residence
Italy
Type of submitter
Competent authority
Subject matter
Validation rule on C_17.01 template - v5839_m
Question

Is validation rule v5839_m correct?

Background on the question

Validattion rule v5839_m could show a possible flaw in its formula:

{r0950} >= max({r0050}, {r0150}, {r0250}, {r0550}, {r0450}, {r0550}, {r0650}, {r0750}, {r0850})

It seems to be a duplicated row coordinate for C_17.01 template, namely  {r0550} instead of {r0350}. Thus, we think that the correct formula should be the following one:

{r0950} >= max({r0050}, {r0150}, {r0250}, {r0350}, {r0450}, {r0550}, {r0650}, {r0750}, {r0850}). In this case the formula would be coherent with dispositions laid down in the EU Reg. no. 575/2013 (Part no. III, Chapters 3-4) and in the EU Reg. no. 680/2014 (par. 4.2).

Submission date
Final publishing date
Final answer

Validation rule v5839_m seeks to control that the maximum single loss reported for the total business lines in row 950 is equal or greater than the maximum single loss reported for the nine business lines respectively reported in rows  {r0050}, {r0150}, {r0250}, {r0350}, {r0450}, {r0550}, {r0650}, {r0750}, {r0850}) of template C 17.01  of Annexe I to Regulation (EU) No 680/2014 (ITS on Supervisory Reporting).

It is correct, that in the current formula the maximum single loss for Payment and Settlement was counted twice while the business line Commercial Banking is omitted. Therefore, the validation rule has been corrected in the release v2.8.1 of the Reporting framework.

Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

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