Can the EBA please confirm whether data in the FINREP templates should be reported on a cumulative basis (from the start of the accounting reference date), or period-on-period?
From the FINREP instructions we are not clear whether we should report FINREP data on a cumulative basis.
As per Article 2 (2) of the
Draft ITS on Supervisory reporting "information submitted 26referring to a certain period shall be reported cumulatively from the first day of the accounting year to the reference date".
Thus the FINREP templates should be reported on a cumulative basis.
*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.