Question ID:
2014_1521
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Topic:
Supervisory reporting - Funding Plans
Article:
99
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
EBA/GL/2014/04 - Guidelines on harmonised definitions and templates for funding plans of credit institutions - repealed by EBA/GL/2019/05
Article/Paragraph:
Annex I - Templates for GL on FP
Disclose name of institution / entity:
Yes
Name of institution / submitter:
INVOKE
Country of incorporation / residence:
FRANCE
Type of submitter:
Consultancy firm
Subject Matter:
Funding Plans : Table 2C (P 02.06) - Gradation of currencies in the taxonomy
Question:

In Table 2C (P 02.06), there is a notion of gradation on currencies' breakdown (1st, 2nd, and 3rd Largest material currency). But for now, the taxonomy don't handle this gradation. Does that mean that we can report the three most significant currencies regardless of their rank of importance?

Background on the question:

In Table 2C (P 02.06), there is a notion of gradation on currencies' breakdown (1st, 2nd, and 3rd Largest material currency). But for now, the taxonomy don't handle this gradation. Does that mean that we can report the three most significant currencies regardless of their rank of importance?

Date of submission:
08/10/2014
Published as Final Q&A:
29/07/2016
Final Answer:

Institutions shall report the three largest material currencies. Please see also Q&As 2015_2329 and 2015_2388 on identification of these currencies. There is no difference in ranking of currencies as long as the three largest ones are reported. Currencies are reported as z-axis for template P 02.06 of Annex I of EBA/GL/2014/04 and can be identified and ranked based on reported facts.

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