Question ID
2013_143
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - COREP (incl. IP Losses)
Article
99
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annex II, Paer 2, paragraph 80
Type of submitter
Credit institution
Subject matter
COREP: 'residence of the obligor' for the purposes of the CRGB1 template for supranational organisations and multilateral development banks
Question

The guidelines for the CR GB 1 COREP template, Geographical breakdown of exposures by residence of the obligor, state that 'residence of the obligor' refers to the country of incorporation. However, how is this guideline to be applied in the case of exposures to either supranational organisations such as the EU (European Union) or multilateral development banks such as the EIB (European Investment Bank)?

Background on the question

The term 'country of incorporation' is not clear when applied to supranational organisations such as the EU or multilateral development banks such as the EIB.

Submission date
Final publishing date
Final answer

In template C 09.01, exposures to supranational organisations shall not be assigned to the country of residence of the institution, but to the geographical area "other countries" irrespective of the exposure class where the exposure to supranational organisations is assigned. The geographical area "other countries" shall also be used to report exposures to the European Central Bank. This procedure is also applicable for C 09.02 and for FINREP templates F 20.01 to F 20.07.

Possible documents to identify supranational/international organisations are the lists provided in:

Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

Disclaimer

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