Question ID:
2014_809
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Topic:
Supervisory reporting - Liquidity (LCR, NSFR, AMM)
Article:
99
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 XV
Disclose name of institution / entity:
No
Type of submitter:
Credit institution
Subject Matter:
IIlogical validation in Annex XV
Question:

IIlogical validations in Annex XV

Background on the question:

We believe that next validations (form Annex XV) may contain logical errors: - v1548_m: sum({C 61.00.x, r040, (c010-050)}) = sum({C 52.00.w, c010, (r020-030)}) - v1549_m: sum({C 61.00.x, r050, (c010-050)}) = sum({C 52.00.w, (r040-050), c010}) - v1550_m: sum({C 61.00.x, r060, (c010-050)}) = sum({C 52.00.w, c010, (r060-090)}) Total retail deposits in stable funding in RSF can be higher than retail outflows in LCR.

Date of submission:
04/02/2014
Published as Final Q&A:
22/08/2014
Final Answer:
The Stable Funding Template C 61.00 row 040, 050, 060 only refers to Art. 421(1) and 421(2) of the Regulation (EU) No 575/2013 (CRR) what might lead to interpret that retail deposits according to Art. 421(5) of the CRR (e.g, term deposits when the depositor is not allowed to withdraw within 30 days) should not be reported under rows 040, 050, 060 in C 61.00. However, term deposits must certainly be taken into account as items providing stable funding.
 
Consequently, the instructions for rows 040, 050 and 060 in C 61.00 shall clarify that retail deposits according to Art. 421(5) of the CRR shall also be included, a legal reference to Art. 421(5) shall be inserted in C 61.00 for rows 040,050 and 060 and validation rules shall be rectified as follows:
- v1548_m: sum({C 61.00.x, r040, (c010-c050)}) >= sum({C 52.00.w, c010, (r020-030)})
- v1549_m: sum({C 61.00.x, r050, (c010-c050)}) >= sum({C 52.00.w, c010, (r040-050)})
- v1550_m: sum({C 61.00.x, r060, (c010-c050)}) >= sum({C 52.00.w, c010, (r060-090)}).
Status:
Final Q&A
Answer prepared by:
Answer prepared by the EBA.
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