Question ID:
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Supervisory reporting - COREP (incl. IP Losses)
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Annex II C03.00 r060
Disclose name of institution / entity:
Type of submitter:
Consultancy firm
Subject Matter:
Reporting ICAAP requirements

Where does a firm report its ICAAP requirement if it has not undergone a SREP or been notified by its National Competent Authority that it must take additional own funds requirements

Background on the question:

Article 73 of CRD IV requires institutions to undertake an internal assessment, which inevitably creates a capital requirement. C03.00 requires firms to report in row 060 et seq. details of impacts on ratios where an NCA has made a decision and imposed an additional capital requirement. If a firm has not undergone a SREP or the NCA is satisfied with their ICAAP where does it report their ICAAP requirement. Row 060 et seq. refers to Article 104(2) which in turn refers to article 73 but only where a 'decision' has been made.

Date of submission:
Published as Final Q&A:
Final Answer:

Row 070 to row 120 of C 03.00 of Annex I of Regulation (EU) No 680/2014 (ITS on Supervisory Reporting) only requires institutions to report capital requirements due to Article 92 CRR and Pillar II capital requirements imposed by the competent authority on the basis of Article 104(2) of Directive 2013/36/EU (CRD). If the institution decides to apply stricter requirements to its own funds or to the risk-weighting of their exposures, these stricter requirements have to be reported in {C 01.00; r524}, {C 01.00; r744}, {C 01.00; r974}, {C 02.00; r690} and {C 02.00; r760} of Annex I to the ITS on Supervisory Reporting. No other additional capital requirements which would result from the institution’s own assessment have to be reported.

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