a)Could you provide an explanation to the reference to Article 5 point (b) (2) iii in paragraph 124 of the COREP instructions (operational risk details template)? b)Is EBA going to publish every year the sum of individual balance sheet totals of all institutions within a Member State or should we ask this information from the national supervisor? c)Article 6 of the ‘Draft ITS on supervisory reporting’ refers to article 4. Is this correct? d)If the ratio of individual balance sheet total on the sum of individual balance sheet totals of all institutions within the same Member State is higher than or equal to 1% over the first reporting period (Q1 2014), some information about operational losses has to be reported. Is this a correct interpretation of the entry criteria mentioned in article 4 of the ‘Draft ITS on supervisory reporting’?
a)The COREP instructions refer in paragraph 124 to Article 5 point (b) (2) iii of the ‘Draft ITS on supervisory reporting’. This article refers to institutions using the Basic indicator approach. However, these are entirely exempted from reporting OPR Details. b)Article 5 point (b) 2 ii refers to the ratio of individual balance sheet total on the sum of individual balance sheet totals of all institutions within the same Member State. We’re not sure which figure to use. c)We think the reference should be article 5. d)We're not sure about how to read references like 'on the same reporting reference date' or 'from the next reporting reference date'.
*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.