Für FinRep sind in verschiedenen Tabellen Aufgliederungen nach sog. Counterparties erforderlich. In der Praxis stellt sich häufig die Frage, in welchen Sektor Abwicklungsanstalten einzuordnen sind. Hierunter fallen in der Praxis regelmäßig gehaltene Positionen ggü. der Heta Asset Resolution AG, der Erste Abwicklungsanstalt (EAA) sowie der FMW-Wertmanagement. Auf Basis der Counterparty-Definition in Annex V (1.35) ist in der Praxis ein eindeutige Zuordnung nur schwer möglich. Insofern stellt sich die Frage nach einer aus Sicht der Aufsicht korrekten Zuordnung von gehaltenen Positionen gegenüber den o.g. Gesellschaften.

For Financial Reporting, breakdowns by ‘counterparties’ are required in various tables. In practice, this frequently gives rise to the question of which sector should be used for deconsolidated environments. This includes, in practice, positions regularly held in respect of Heta Asset Resolution AG, Erste Abwicklungsanstalt (EAA) and FMS Wertmanagement. On the basis of the counterparty definition in Annex V (1.35), a clear classification is difficult in practice. In this respect, there is a need to correctly (from a supervisory perspective) classify positions held in respect of the above-mentioned companies.

Eine entsprechende Einschätzung zur Zuordnung von gehaltenen Positionen gegenüber Abwicklungsanstalten ist wichtig für eine einheitliche Umsetzung in der Praxis.

A corresponding assessment for the classification of positions held in respect of deconsolidated environments is important for a uniform implementation in practice.

The decision on how to classify deconsolidated environments/restructuring agencies in FINREP shall be made on a case by case basis as the answer depends on how exactly a given restructuring agency is structured.

For the three cases highlighted by the questionnaire, the classifications can be derived as follows:

The counterparty sector for the purposes of FINREP shall be chosen based on the definitions given in Annex V, Part 1, 42 a) – f) of the Regulation (EU) No 680/2014 (ITS on Supervisory Reporting).

Accordingly none of the three entities fall under the definitions given for credit institutions, non-financial corporations or households.

To determine whether these institutions are to be classified as general government or other financial corporations it is useful to refer to the European System of National and Regional Accounts (ESA 2010) which has been used as a basis on which to report counterparty sector information in certain templates of Annexes III and IV of the ITS. See EBA Q&A 2015_1758 and Q&A 2017_3424.

Restructuring agencies which deal with impaired assets (“bad banks”) are described in paragraph 20.46 of ESA 2010. The classification of a restructuring agency shall be performed according to the degree of risk it assumes, taking into account the degree of financial support of the government. It is further stated that if such a restructuring agency does not place itself at risk, it is classified to the general government sector.

Given that in all three cases extensive government guarantees exist it cannot be concluded that the respective entities place themselves at risk. Thus, they shall be assigned to the sector general government.