- Question ID
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2015_1899
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Supervisory reporting - Leverage ratio
- Article
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429, 429a, 429b
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Delegated Regulation (EU) 2015/62 - DR with regard to the leverage ratio
- Article/Paragraph
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1
- Type of submitter
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Consultancy firm
- Subject matter
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Validation Rules v0677_m, v0678_m and v0726_m for Leverage Ratio
- Question
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Are the following validation rules for leverage ratio reporting despite the Delegated Regulation (EU) 2015/62 still applicable? v0677_m {C 43.00.a, r010,c010} = sum({C 45.00.a, c030, (r060-090)}) v0678_m sum({C 43.00.a, c010, (r040-060)}) = sum({C 45.00.a, c030, (r010-050)}) v0726_m {C 45.00.a, r100,c030} = {C 43.00.a, r070,c010} + sum({C 43.00.b, c010, (r080-090, r140, r180-190, r210, r230, r280-290)}) + sum({C 43.00.c, c020, (r080-090, r140, r180-190, r210, r230, r280-290)})
- Background on the question
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The validation rules mentioned above check consistency between LRCalc and LR4. The Delegated Regulation (EU) 2015/62 effects particularly LRCalc exposures by amendments such as using the credit conversion factor on off-balance-sheet items in accordance with Article 111(1) CRR or calculating the add on for repurchase transactions securities or commodities lending or borrowing transactions, long settlement transactions and margin lending transactions. As these amendments do not affect LR4 exposures, it seems that the validation rules are no longer met.
- Submission date
- Final publishing date
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- Final answer
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The validation rules v0677_m, v0678_m and v0726_m continue to apply. See also reply to QA 2015_1738.
DISCLAIMER:
This question goes beyond matters of consistent and effective application of the regulatory framework. A Directorate General of the Commission (Directorate General for Internal Market and Services) has prepared the answer, albeit that only the Court of Justice of the European Union can provide definitive interpretations of EU legislation. This is an unofficial opinion of that Directorate General, which the European Banking Authority publishes on its behalf. The answers are not binding on the European Commission as an institution. You should be aware that the European Commission could adopt a position different from the one expressed in such Q&As, for instance in infringement proceedings or after a detailed examination of a specific case or on the basis of any new legal or factual elements that may have been brought to its attention.
- Status
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Final Q&A
- Answer prepared by
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Answer prepared by the European Commission because it is a matter of interpretation of Union law.