Question ID
2022_6353
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Article
430
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annex V
Type of submitter
Credit institution
Subject matter
Validation rule v6053_m
Question

According to the validation rule v6053 {F 01.02, r0220, c0010} = xsum ({F 09.01.1, (r0010, r0090, r0170, c0040, c0050, c0060, c0065, c0110)}) there must be an exact match between Row 220 “Commitments and guarantees given” of F 01.02 'Liabilities” and the sum of the provision on off balance sheet exposures of F 09.01.1. 'Off-Balance sheet exposures”.

Is it correct to assume that such VR would not be applicable if an entity of the Group has provision on off-balance sheet exposures and, at the reference date, falls under IFRS 5 having as a consequence a representation only on row 0290 “Liabilities included in disposal groups classified as held for sale” instead of row 0220 “Commitments and guarantees given” F 01.02 'Liabilities”?

Same phenomenon applies also for validation rule v1385_m: {F 01.02, r0220, c0010} = xsum({F 20.05.b, c0030, (r0010-0030, sNNN)})

 

Background on the question

FINREP Annex V does not provide guidelines on similar complex cases, for which an interpretation is needed in order to comply to the normative requirement.

Submission date
Final publishing date
Final answer

In accordance with Part 2, paragraphs 102 to 104 of Annex V to Regulation (EU) 2021/451, loan commitments, financial guarantees and other commitments given reported in template F 09.01.1 are the instruments listed in Annex I to Regulation (EU) No 575/2013 (CRR) and they are in the scope of IFRS 9, or IAS 37 or IFRS 4. Therefore, the off-balance sheet exposures that falls under IFRS 5 are reported in row 0290 'Liabilities included in disposal groups classified as held for sale' in template F 01.02 and are not reported in template F 09.01.1. The validation rule v6053_m is correct.

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

Disclaimer

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