Question ID:
2018_4244
Legal Act:
Directive 2013/36/EU (CRD)
Topic:
Supervisory reporting - Supervisory Benchmarking
Article:
78
Paragraph:
2
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Draft ITS on Supervisory Reporting of Institutions (for benchmarking the internal approaches)
Article/Paragraph:
Annex 5, section 2
Disclose name of institution / entity:
No
Type of submitter:
Competent authority
Subject Matter:
Benchmarking - Market risk - Base currency unit
Question:

In Annex 5, 2019 and subsequent ITS, section 2 Instruments, the equity instrument # 6 concerns a single stock future that is quoted in pence. For the benchmarking exercise, can the reported value in pence be used?

Background on the question:

Specification of the base currency unit

Date of submission:
07/09/2018
Published as Final Q&A:
01/02/2019
Final Answer:

Instrument number 6 should be reported in GBP as required in the instructions regardless the fact that the quotation is in pence.

Disclaimer

The present Q&A on Supervisory reporting is provisional. It will be reviewed after the Implementing Regulation is in force and published in the Official Journal. The text of the Implementing Regulation may differ from the text of the draft ITS to which this Q&A refers.

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

Update 03.12.2021: This Q&A has been updated in the light of the most recent amendments to the ITS 2016/2070 on Supervisory Benchmarking.

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