Question ID
2013_122
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Article
99
Paragraph
2
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annex III, F07.00, c010
Name of institution / submitter
The Danish Bankers Association
Country of incorporation / residence
Denmark
Type of submitter
Industry association
Subject matter
FINREP Past due but not impaired < 30 days
Question

Can materiality thresholds be applied when reporting "technical" past due exposures?

Background on the question

Applying strict rules “technical” past due registrations will not reflect “real” past due amounts. For instance a loan past due with only 1 day and/or with only 1 DKK will be filed as past due.

Submission date
Final publishing date
Final answer

There is no materiality threshold for this template in the Regulation (EU) No 680/2014 13 ITS on supervisory reporting of institutionsDraft ITS on Supervisory reporting. Therefore, situations of technical default, regardless of the number of days past due or of the amounts involved, shall be reported together with other past due not impaired exposures.

 

*As of 1/8/2014 the content of this answer was modified to reflect the publication of the final ITS on supervisory reporting of institutions in the Official Journal of the European Union. As a result, the references to the ITS were updated and the disclaimer deleted. For reasons of transparency, revisions are highlighted in track changes.

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

Disclaimer

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