Question ID:
2022_6549
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Topic:
Supervisory reporting - COREP (incl. IP Losses)
Article:
430
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Regulation (EU) 2021/451 – ITS on supervisory reporting of institutions
Article/Paragraph:
Annex II
Disclose name of institution / entity:
No
Type of submitter:
Credit institution
Subject Matter:
v5839_m vs Q&A 5434
Question:

When will the validation rule v5839_m reflect changes recommended in Q&A 5434 of the Single Rulebook Q&As?

Background on the question:

The EBA answer to Q&A 5434 states that “Instructions specify that this maximum single loss may be higher than the highest single loss recorded in each business line where a loss event impacts different business lines.” Hence, the value in row 0950 can be HIGHER than the maximum of the values in rows 0050, 0150, … ,850. However, the validation rule v5839_m does not allow that. It only allows the value in row 950 to be EQUAL TO max of values in row 0050, 0150, ... ,850.

Also, Q&A 5434 states that “This way, the validation rule shall be restored to its previous version (>=instead of =) to take this into account and accept amounts higher than the maximum single loss reported amongst business lines”. However, the validation rule in version 3.2(3.2.1) of “EBA validation Rules 2022-06-13” is not updated.

Date of submission:
05/08/2022
Published as Rejected Q&A
28/10/2022
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 respective validation rules.

Status:
Rejected question
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