Question ID:
2013_122
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Topic:
Supervisory reporting - FINREP (incl. FB&NPE)
Article:
99
Paragraph:
2
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (as amended)
Article/Paragraph:
Annex III, F07.00, c010
Disclose name of institution / entity:
Yes
Name of institution / submitter:
The Danish Bankers Association
Country of incorporation / residence:
Denmark
Type of submitter:
Industry association
Subject Matter:
FINREP Past due but not impaired < 30 days
Question:

Can materiality thresholds be applied when reporting "technical" past due exposures?

Background on the question:

Applying strict rules “technical” past due registrations will not reflect “real” past due amounts. For instance a loan past due with only 1 day and/or with only 1 DKK will be filed as past due.

Date of submission:
06/08/2013
Published as Final Q&A:
14/02/2014
EBA Answer:

There is no materiality threshold for this template in the Regulation (EU) No 680/2014 13 ITS on supervisory reporting of institutionsDraft ITS on Supervisory reporting. Therefore, situations of technical default, regardless of the number of days past due or of the amounts involved, shall be reported together with other past due not impaired exposures.

 

*As of 1/8/2014 the content of this answer was modified to reflect the publication of the final ITS on supervisory reporting of institutions in the Official Journal of the European Union. As a result, the references to the ITS were updated and the disclaimer deleted. For reasons of transparency, revisions are highlighted in track changes.

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