Question ID
2023_6724
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Regulation (EU) 2021/451 – ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annex V
Type of submitter
Credit institution
Subject matter
EBA validation rules v3900_s and v5693_s
Question

Should the severity of EBA validation rules v3900_s  and v5693_s be changed from ‘non-blocking’ to ‘warning’ to allow for the possibility of negative interest income values?

Background on the question

Under IFRS credit institution have a negative interest income for derivatives held for trading in the current year when this results from a correction (repayment) on interest income that was reported in previous financial years. Under these circumstances a negative interest income should be reported on Finrep templates F02.00; r0020; c0010 and F16.01; r0010/r0015; c0010. As a result EBA validations eba_3900_s  and eba_v5693_s, which validate that the Finrep reported interest income on these rows should be equal or higher than 0, will signal a non-blocking error.

Should the severity of validation rules v3900_s  and v5693_s be changed from ‘non-blocking’ to ‘warning’ to allow for the possibility of negative interest income values?

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 releases of the validation rules.

Status
Rejected question