Question ID:
2022_6533
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Topic:
Transparency and Pillar 3
Article:
449a
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Not applicable
Article/Paragraph:
Not applicable
Disclose name of institution / entity:
Yes
Name of institution / submitter:
Dutch Banking Association
Country of incorporation / residence:
The Netherlands
Type of submitter:
Industry association
Subject Matter:
Template 10: other climate change mitigating actions - Columns d and e
Question:

Could you specify which kind of answers are expected under 'type of risk mitigated' (column d and e)?

Background on the question:

In the type of risk mitigated columns (columns d and e), which kind of answer is expected (e.g. binary yes/no, description of the underlying specific risks being mitigated, the allocate portion of column C in GCA)?

Date of submission:
28/07/2022
Published as Final Q&A:
25/11/2022
Final Answer:

'Columns d' and 'e' in Template 10 of Annex XXXIX to the Final draft implementing technical standards on prudential disclosure on ESG risks in accordance with Article 449a CRR should report only qualitative information (risk type, yes/no binary option), whereas 'column c' should report the gross carrying amount (quantitative data). Therefore, institutions have to provide a qualitative answer and describe the nature of the mitigating actions in 'column f'. Additionally, banks can add (in 'column f') as many rows as the specific risks mitigated in order to provide more detailed information.

Status:
Final Q&A
Answer prepared by:
Answer prepared by the EBA.
Image CAPTCHA