- Question ID
-
2022_6440
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Supervisory reporting - COREP (incl. IP Losses)
- Article
-
366
- 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- Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)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
-
366
- Type of submitter
-
Credit institution
- Subject matter
-
v6298_m
- Question
-
A new validation v6298_m has been added to taxonomy DPM 3.2 which specifies that: [C 24.00,{c140} ({r0010} <= 30)]. This rule has severity 'error' and provides that no more than 30 "Number of overshootings (during previous 250 working days)" can be reported. Article 366, par. 2, requires that "addend shall depend on the number of overshootings for the most recent 250 business days as evidenced by the institution's back-testing of the value-at-risk number as set out in Article 365(1)". This paragraph does not indicate any maximum limit of "Number of overshootings " and the column "Number of overshooting" of the table 1 of art 366 has as last range "10 or more". The indications of Article 366 are consistent with the validation rules v6297_m (whit sererity warning) which specifies that : [C 24.00 ({c140} {r0010} <= 250)] but not with rule v6298_m that provides a cap on 30 Number of overshooting.
- Background on the question
-
Validation error with "Number of overshootings" > 30
- Submission date
- Rejected publishing date
-
- Rationale for rejection
-
This question has been rejected because the matter it refers to has already been identified and will be considered for a forthcoming release of the validation rules.
- Status
-
Rejected question