Question ID:
2013_89
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Topic:
Supervisory reporting - FINREP (incl. FB&NPE)
Article:
Art 99
Paragraph:
5
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, F 17.03, r170
Disclose name of institution / entity:
Yes
Name of institution / submitter:
CREDIT AGRICOLE
Country of incorporation / residence:
FRANCE
Type of submitter:
Credit institution
Subject Matter:
FINREP - Contents of template 17.3 Reconciliation between Accounting and CRR scope of consolidation - Liabilities and equity - Row 170 "Liabilities under insurance and reinsurance contracts"
Question:

FINREP - Contents of template 17.3 Reconciliation between Accounting and CRR scope of consolidation - Liabilities and equity - Row 170 "Liabilities under insurance and reinsurance contracts" : does the row 170 "liabilities under insurance and reinsurance contracts" include insurance company technical reserves?

Background on the question:

We need this information for FINREP mapping.

Date of submission:
26/07/2013
Published as Final Q&A:
14/02/2014
Final Answer:

Template F 17.03 shall be reported using the accounting scope of consolidation. Row 170 is only relevant when the reporting institution has an insurance company as a subsidiary.

In this case, the amount to be reported in row 170 shall be the addition of all liabilities arising from insurance and reinsurance contracts according to paragraph 37.b of IFRS 4. Thus, technical reserves shall be included in row 170.

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