Question ID:
2014_1233
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Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph:
Annex II C.17.00
Disclose name of institution / entity:
No
Type of submitter:
Credit institution
Subject Matter:
Operational Risk templates
Question:

In order to fulfill the information of operational risk losses, we would like to know if we should include the following concept of losses: -Operational risk related credit risk losses. Losses included in the credit risk capital data base, but originated for an operational risk event.

Background on the question:

These operational risk related credit risk losses are already included in the credit risk losses.

Date of submission:
22/05/2014
Published as Final Q&A:
09/09/2016
Final Answer:

Operational risk losses that are related to credit risk and that the institution is required to treat as credit risk for the purposes of calculating own funds requirements according to Article 322 (3) b) CRR shall not be reported in the template C 17.00 of Annex I of Regulation (EU) 680/2014 - ITS on supervisory reporting. The same holds for institutions using the Standardised Approach, though Article 322 (3) b) CRR is not directly applicable to those institutions.

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