Single Rulebook Q&A

Question ID: 2018_4259
Legal act : Regulation (EU) No 575/2013 as amended by Regulation (EU) 2019/876 – CRR2
Topic : Supervisory reporting
Article: 99
COM Delegated or Implementing Acts/RTS/ITS/GLs: Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (as amended)
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

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).

Date of submission: 10/09/2018
Published as Final Q&A: 12/04/2019
EBA 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
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