2017_3254 Treatment of Credit Unions in C 68.00 ALMM Reporting

Question ID:

2017_3254

Legal Act:

Regulation (EU) No 575/2013 (CRR)

Topic:

Supervisory reporting - Liquidity (LCR, NSFR, AMM)

Article:

415

Paragraph:

Subparagraph:

COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:

Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)

Article/Paragraph:

Annexes XVIII and XIX

Disclose name of institution / entity:

Type of submitter:

Credit institution

Subject Matter:

Treatment of Credit Unions in C 68.00 ALMM Reporting

Question:

How should Credit Unions be classified for ALMM reporting?

Background on the question:

The LCR Delegated Act 2015/61 Article 28.1 states that for the purposes of LCR reporting Credit Unions can be classified as Non Financial Corporates. Can this classification also be used for the ALMM reporting or should they be classed as NBFI?

Date of submission:

31/03/2017

Published as Final Q&A:

02/03/2018

Final Answer:

Template C 68.00 Annex XVIII to Regulation (EU) No 680/2014 (ITS on Supervisory Reporting) makes reference to the customer groups ‘financial customer’ and ‘non-financial customer’. Legal entities that perform one or more of the activities or fall under the categories referred to in Article 411(1) of Regulation (EU) No 575/2013 (CRR) or Article 3(9) of Regulation (EU) 2015/61 (LCR DA) shall be regarded as ‘financial customers’.

Annex XVIII does not provide for any exemptions from this definition.

Status:

Final Q&A

Answer prepared by:

Answer prepared by the EBA.