Question ID
2025_7616
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - COREP (incl. IP Losses)
Article
147
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Draft ITS on Supervisory Reporting of Institutions
Article/Paragraph
C 08.05
Name of institution / submitter
Oesterreichische Nationalbank
Country of incorporation / residence
Austria
Type of submitter
Competent authority
Subject matter
COREP C 08.05 c0050 “average historical annual default rate” / exposure classes
Question

How is the “average historical annual default rate” in the COREP template C 08.05 c0050 to be reported in the forthcoming years for the specific exposure classes?

Background on the question

While the instructions ask for the average of the annual default rate of the five most recent years, due to the changes in definitions and exposure classes, no perennial average default rates are readily available.

Is it thus sufficient to report only the average annual default rate since the application date of the CRR3 (i.e. for reporting reference dates in 2025: the average annual default rate of the current year 2025; for the following reporting reference dates: the respective period starting from 1.1.2025 until the reporting reference date)? Or should the reporting agents report on a best-effort basis (e.g. approximate mapping of the old exposure classes to the new exposure classes (e.g.. „Retail – secured by immovable property non-SME“ ≈  „Retail – Secured by residential real estate“)). A similar mapping (although in the other “direction” (new à old)) is already available via the SGSB (Benchmarking; Annex 1 ITS_2026_rep_Annex_2 (page 5 and page 11) and may be used as a building block. Ideally, the mapping would be provided be the EBA.

 

Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because the issue it deals with is already explained or addressed in the regulatory framework, which is sufficiently clear and unambiguous.

The Single Rule Book Q&A tool has been established to provide explanations and non-binding interpretations on questions relating to the practical application or implementation of the provisions of legislative acts referred to in Article 1(2) of the EBA’s founding Regulation, as well as associated delegated and implementing acts, and guidelines and recommendations, adopted under these legislative acts.

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Status
Rejected question