- Question ID
-
2021_6297
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Liquidity risk
- Article
-
460
- Paragraph
-
1
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Delegated Regulation (EU) 2015/61 - DR with regard to liquidity coverage requirement
- Article/Paragraph
-
10(1)(a)
- Type of submitter
-
Competent authority
- Subject matter
-
LCR treatment of coins and banknotes stored in a centralized vault owned and operated by an external service provider
- Question
-
What is the LCR treatment of coins and banknotes that are stored in a centralized vault owned and operated by an external service provider?
- Background on the question
-
Competent authorities have been made aware that credit institutions have started storing larger amounts of coins and banknotes in centralized vaults, with the latter being owned and operated by external service providers. Such coins and banknotes remain the sole property of the credit institutions and are physically stored separately from other items in the vault. It is understood that the credit institutions have the right to access and withdraw the coins and banknotes from the vaults at any point in time. The full amount of coins and banknotes could physically be made available to the credit institutions in around three working days.
- Submission date
- Rejected publishing date
-
- Rationale for rejection
-
This question has been rejected because it is considered that EBA guidance or clarification is not needed with regard to the issue that it raises. For example, this can be the case where it is considered that the existing regulatory framework is sufficiently clear and unambiguous, or where different practices may be possible but it is not currently necessary to harmonise these further through the Q&A process.
The Single Rule Book Q&A tool has been established to provide explanations and non-binding interpretations on questions relating to the practical application or implementation of the provisions of legislative acts referred to in Article 1(2) of the EBA’s founding Regulation, as well as associated delegated and implementing acts, and guidelines and recommendations, adopted under these legislative acts.
For further information on the purpose of this tool and on how to submit questions, please see “Additional background and guidance for asking questions”.
- Status
-
Rejected question