Question ID
2022_6508
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Transparency and Pillar 3
Article
449a
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) 2022/2453 - ITS on ESG disclosures
Article/Paragraph
Final draft implementing technical standards on prudential disclsosures on ESG risks in accordance with Article 449a CRR - template 10
Name of institution / submitter
Finance Denmark
Country of incorporation / residence
Danmark
Type of submitter
Industry association
Subject matter
Template 10: Other climate change mitigating actions - Covered bonds
Question

Is it correct that a covered bond will be classified as a bond with a credit institution (financial corporation) as counterparty?

Background on the question

We would like to be sure how to classify covered bonds.

Submission date
Final publishing date
Final answer

According to Article 3 (1) of the Directive (EU) 2019/2162 covered bonds are debt obligations issued by credit institutions. Therefore, provided they are eligible for disclosure in Template 10: Other climate change mitigating actions that are mot covered in the EU Taxonomy of Annex XXXIX to the Final draft implementing technical standards on prudential disclosures on ESG risks in accordance with 449a CRR, they should be disclosed under ' Financial corporations' type of counterparty (row ' Bonds').

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

Disclaimer

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