- Question ID
-
2016_2758
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Supervisory reporting - COREP (incl. IP Losses)
- Article
-
366 CRR
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
- Article/Paragraph
-
COREP
- Type of submitter
-
Competent authority
- Subject matter
-
VaR Multipliers
- Question
-
How should the figures in VaR and SVaR multiplication factors be reported in C 24.00?
- Background on the question
-
Article 366 of the CRR specifies that “Each of the multiplication factors (m c) and (m s) shall be the sum of at least 3 and an addend between 0 and 1 in accordance with Table 1.” The taxonomy requires the two values in C 24.00 (row 010, columns 150 and 160) to be reported as a percentage (as shown in the below extract from the DPM taxonomy), which makes it unclear whether the reported values should be “3” or “0.03” (for the minimum value mentioned in the CRR). In addition to this, the multiplication factors may be increased with an additional add-on as a consequence of the national implementation of CRD-IV in each member state of the EU depending on their assessment of the model.
- Submission date
- Rejected publishing date
-
- Rationale for rejection
-
Please note that as part of adjustments to the Single Rulebook Q&A process, agreed by the EBA and the European Commission, it has been decided to reject outstanding questions submitted before 1 January 2020, when the Q&A process was updated as part of the last ESAs Review. In particular, the question that you have submitted has now regrettably been rejected and will not be addressed.
If you believe your question would still benefit from clarification, you are invited to resubmit your question, adapting it to reflect any legislative, regulatory or other relevant developments that may have occurred since the initial date of submission. The EBA will aim to address resubmitted questions as a matter of priority. When considering to resubmit, you are kindly requested to observe the updated admissibility criteria agreed in the context of the adjustment of the Q&A process, available in the Additional background and guidance for asking questions. We hope for your understanding.
For further information please refer to the press release and the updated Q&A page.
- Status
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Rejected question
- Attachments
