- Question ID
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2022_6357
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Market risk
- Article
-
352
- Paragraph
-
1
- Subparagraph
-
b
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Not applicable
- Article/Paragraph
-
-
- Name of institution / submitter
-
Regnology Germany GmbH
- Country of incorporation / residence
-
Germany
- Type of submitter
-
Other
- Subject matter
-
Foreign Exchange Risk – Interest Rate Swaps and Forward Rate Agreements in C 22.00
- Question
-
Are Interest Rate Swaps and Forward Rate Agreements, where only one currency is involved, relevant for reporting FX risk in the template C 22.00?
- Background on the question
-
In accordance with Article 352(1), point (b), of Regulation (EU) No 575/2013 (CRR), the net forward position for each currency shall include all amounts to be received less all amounts to be paid under forward exchange (and gold) transactions, including currency (and gold) futures.
Are interest rate swaps and forward rate agreements, where only one currency is involved, perceived as part of those mentioned forward exchange transactions?
- Submission date
- Rejected publishing date
-
- Rationale for rejection
-
This question has been rejected because the question is not sufficiently clear, or has not sufficiently identified a provision of a legal framework covered by this tool that creates uncertainty and for which an explanation is merited in terms or practical implementation or application. 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
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Rejected question