Question ID
2022_6358
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - COREP (incl. IP Losses)
Article
IAS 39.89A(a); IFRS 9.6.5.8; Accounting Directive art 8(5), (6).
Paragraph
IAS 39.89A(a); IFRS 9.6.5.8; Accounting Directive art 8(5), (6).
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) 2016/101 - RTS for prudent valuation under Article 105(14) CRR
Article/Paragraph
IAS 39.89A(a); IFRS 9.6.5.8; Accounting Directive art 8(5), (6).
Name of institution / submitter
KBC
Country of incorporation / residence
Belgium
Type of submitter
Credit institution
Subject matter
C32_01 template: Fair value changes of the hedged items in portfolio hedge of interest rate risk
Question

Can you lift validation rules eba_v6566_s and eba_v6332_m for row 120 in C32_01 (as you already did for row 200 on the liabilities side)?

Background on the question

Row 120 of EBA Framework Annex II Reporting on own funds and own fund requirements states that for Fair value changes of the hedged items in portfolio hedge of interest rate risk the amount of row 250 of template F01.01 should be inserted. On 4Q21 this number for KBC Bank, KBC Global Services and KBC Group is -436.370.808. But validation rule v6566 says that row 120, col 0010 can not be less than 0 and validation rule v6332 states that row 120, col 0090 can not be bigger than col 0080. Since the Finrep amount is negative these validation rules can never be satisfied when we follow the EBA framework guidance. In 1Q21 we mentioned the same for row 200 and indeed now row 200 is excluded from v6566 and v6332. Therefore also row 120, which is the same account on the active side, should be excluded.

Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because the matter it refers to has already been identified and will be considered for a forthcoming release of the validation rules.

Status
Rejected question