- Question ID
-
2014_1539
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Supervisory reporting - FINREP (incl. FB&NPE)
- 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- Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)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
-
Validation v1740_m between FinRep templates F8.01 and F20.06
- Type of submitter
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Credit institution
- Subject matter
-
Validation v1740_m
- Question
-
In FINREP template 8.1 "Breakdown of financial liabilities" (EBA/ITS/2014/05 as of 30/07/2014) hedge accounting derivatives are not included in validation v1740_m, although they qualify as financial liabilities in terms of IAS 39.
- Background on the question
-
The definition of derivatives (Annex V.Part 1.28, 2.107, 2.108) in template 20.6 "Geographical breakdown of liabilities by residence of the counterparty" apparently makes no difference between those derivatives reported in template 8.1 (after corrected FINREP draft in July 2014). However, validation v1740_m ({F 20.06, r010, c010, (sNNN)}) = xsum({F 08.01.a, (r010, c010, c034)}) requires the geographical breakdown only for held for trading derivatives without hedge accounting, except non-trading derivatives which do not qualify for hedge accounting. Subsequently, hedge accounting derivatives shall not be considered.
- Submission date
- Final publishing date
-
- Final answer
-
Cell {r010; c010} of template F 20.06 of Annex III of Regulation (EU) No 680/2014 - ITS on supervisory reporting includes hedging derivatives. Accordingly, validation rule v1740_m is not correct and will be deactivated and amended in a future version of the ITS on supervisory reporting.
- Status
-
Final Q&A
- Answer prepared by
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Answer prepared by the EBA.