Question ID:
2013_514
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Topic:
Supervisory reporting - COREP (incl. IP Losses)
Article:
99
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 XV - Validation Formulae
Disclose name of institution / entity:
No
Type of submitter:
Consultancy firm
Subject Matter:
Inconsistency in validation rules v0532_m.
Question:

Between v0532_m and v0533_m. The validation rule is different but they impact the same range of rows (040-090). We believe this range should be removed from rule v0532_m.

Background on the question:

We have been analysing the validation rules published in your website - Annex XV (Validation formulae) regarding the final ITS on supervisory reporting. For C13.00 there seem to be some inconsistencies.

Date of submission:
07/11/2013
Published as Final Q&A:
04/04/2014
Final Answer:

Rows 040-090 are greyed out for columns 350 and 360 and rows 430-540 are greyed out for columns 330-390. Nevertheless, since the blank cells in v0532_m will be treated as zero according to Annex XV-DPM Validation formulae (see: http://www.eba.europa.eu/regulation-and-policy/supervisory-reporting/imp...-), there is no need to remove rows 040-090 and rows 430-540 from the validation rule.

Validation rule v0534_m for rows (010;020) should read {c440} >= {c450}. Indeed, columns 440 and 450 of CR SEC IRB refer respectively to the total risk-weighted exposure amount before cap/after cap, before/after applying the limits specified in Article 260 of CRR (Article 265 of CRR has also to be considered).

 

*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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