Question ID
2017_3591
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
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Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)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 V, template F 18.00.a/F 04.04.1/F 01.01
Type of submitter
Credit institution
Subject matter
IFRS 9, validation rule v2776_m
Question

Validation v2776_m for IFRS 9 (taxonomy 2.7) seems to be incorrect. 

Background on the question

v2776_m = {F 18.00.a, r100, c010} = sum({F 04.04.1, r100, (c015, c030, c040)}) + {F 01.01, r040, c010}

Validation rule v2776_m (taxonomy 2.7) for IFRS 9 compares the gross carrying amount for Loans and Advances for credit institutions of template F 18.00 with the gross carrying amount for Loans and Advances for credit institutions of template F 04.04.1 plus the carrying amount for Other demand deposits of template F 01.01. However, template F 01.01 includes only the carrying amount. Therefore, this validation seems to be incorrect as table 1.1. is NOT the gross carrying amount.

Submission date
Final publishing date
Final answer

According to Part 2, paragraph 217 of Annex V to Regulation (EU) No 680/2014 (ITS on Supervisory Reporting), template F 18.00 of Annexes III and IV to the ITS on Supervisory Reporting covers also cash balances at central banks and other demand deposits. The validation rules confirms this scope of exposures. Template F 01.01 of Annexes III and IV does include only the carrying amount of cash balances and other demand deposits; in case there would be impairments booked against these items, validation rule v2776_m may not hold.

This also applies for validation rules v2773_m, v2774_m and v2780_m. 

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

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