Single Rulebook Q&A

Question ID: 2017_3357
Legal act : Regulation (EU) No 575/2013 (CRR) as amended
Topic : Liquidity risk
Article: 460
Article/Paragraph : Article 28 (1)
COM Delegated or Implementing Acts/RTS/ITS/GLs: Delegated Regulation (EU) 2015/61 - DR with regard to liquidity coverage requirement
Name of institution / submitter: Association of German Banks
Country of incorporation / residence: Germany
Type of submitter: Industry association
Subject matter : Wholesale Deposits regarding Deposit Insurance Scheme

How can the meaning of “liabilities” in context of Article 28(1) Delegated Regulation (EU) 2015/61 (DR) be interpreted? Does it refer to the total deposit amount from relevant clients which can be multiplied with 20% up to the deposit guarantee scheme limit (d.i.s.l.) and the rest with 40% or shall a deposit with an amount exceeding the d.i.s.l be multiplied as a whole with 40% (i.e. no dividing in 20%- and 40%-Run-Off)?

Background on the question:

It would not be plausible not to separate the amounts in a covered part (from a deposit guarantee scheme) and a “not covered part”.

Date of submission: 19/06/2017
Published as Final Q&A: 25/05/2018
EBA answer:

Liabilities referred to under Article 28(1) of Delegated Regulation (EU) 2015/61 shall receive an outflow rate of 20% in accordance with that Article only where their entire amount is fully covered by a deposit guarantee scheme in accordance with Directive 94/19/EC or Directive 2014/49/EU or an equivalent deposit guarantee scheme in a third country. Where the liability exceeds the deposit guarantee limit, a 40% outflow rate shall apply to the entire amount of the liability.

Status: Final Q&A
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