Question ID:
2013_567
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Topic:
Supervisory reporting - COREP (incl. IP Losses)
Article:
407
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 II REPORTING ON OWN FUNDS AND OWN FUNDS REQUIREMENTS
Disclose name of institution / entity:
Yes
Name of institution / submitter:
Austrian Federal Economic Chamber, Division Bank and Insurance
Country of incorporation / residence:
Austria
Type of submitter:
Industry association
Subject Matter:
Column “OVERALL EFFECT (ADJUSTMENT) DUE TO INFRINGEMENT OF THE DUE DILIGENCE PROVISIONS” to be reported only from investor institutions. C 12.00 – Credit Risk: Securitisation - Standardised Approach to Own Funds Requirements (CR SEC SA)
Question:

Why is the column “OVERALL EFFECT (ADJUSTMENT) DUE TO INFRINGEMENT OF THE DUE DIL-IGENCE PROVISIONS” not shown greyed for the rows concerning Sponsor and Originator?

Background on the question:

According to article 407 CRR this effect is only possible for investor institutes.

Date of submission:
27/11/2013
Published as Final Q&A:
04/04/2014
Final Answer:

Column 350 of CR SEC SA (C 12.00) template shall be left open for sponsors, original lenders and originators.

According to Article 407 of Regulation (EU) No 575/2013 (CRR), an additional risk weight may not only be imposed to investor institutions, but also to originators, sponsors and original lenders, if they do not meet the requirements in Articles 405, 406 or 409 of CRR.

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