2014_1088 Fiduciary loans and deposits | European Banking Authority

Question ID:: 2014_1088
Legal Act:: Regulation (EU) No 575/2013 (CRR)
Topic:: Supervisory reporting - COREP (incl. IP Losses)
Article:: 394
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:: Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph:: Annex IX - Large Exposures
Disclose name of institution / entity:: No
Type of submitter:: Consultancy firm
Subject Matter:: Fiduciary loans and deposits
Question:: Considering that for FINREP reporting the fiduciary loans and deposits are explicitly excluded from Balance Sheet could you please advice whether the same treatment applies to COREP (including Large Exposures) reporting? That is, if fiduciary loans and deposits should be excluded from all COREP and Large Exposure reports.
Background on the question:: FINREP reporting the fiduciary loans and deposits are explicitly excluded from Balance Sheet.
Date of submission:: 22/04/2014
Published as Final Q&A:: 09/09/2016
Final Answer:: FINREP and Large Exposures reporting in accordance with Regulation (EU) No 680/2014 (ITS on Supervisory Reporting) are two different reporting regimes. Specifications in the one regime do not enable conclusions regarding the other. The reporting of large exposures follows the definition of exposure relevant for the purpose of large exposures ("LE") discipline which is stated in article 389 of Regulation 575/2013 ( "CRR") (see also Q&A 2013_638).
Status:: Final Q&A
Answer prepared by:: Answer prepared by the EBA.