Question ID
2015_1806
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Credit risk
Article
107
Paragraph
3
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Not applicable
Article/Paragraph
Not applicable
Type of submitter
Other
Subject matter
Applicable exposure class for exposures to institutions based in a third country that does not apply prudential supervisory and regulatory requirements
Question

For those institutions based in a third country that does not apply prudential supervisory and regulatory requirements at least equivalent to those applied in the Union, should the exposure class to these institutions be disclosed as an exposure to corporate or exposure to institution?

 

Background on the question

This is relevant for COREP reporting purpose (i.e. C7)

As per Article 107.3, exposure to those institutions based in a third country that does not apply prudential supervisory and regulatory requirements at least equivalent to those applied in the Union should be treated as an exposure to corporate, but there is no guidance on how the exposure should be disclosed for COREP purposes.

Submission date
Rejected publishing date
Rationale for rejection

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Status
Rejected question