- Question ID
-
2024_7107
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Operational risk
- Article
-
318
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Not applicable
- Article/Paragraph
-
318
- Type of submitter
-
Credit institution
- Subject matter
-
Operational risk – gross loss in tax related events in accordance with REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor, Article 318.
- Question
-
How should an institution calculate gross loss based on the regulatory changes stipulated in Article 318. of the Regulation amending Regulation 575/2013 in the following examples?
Case 1 – Delayed tax payment, penalty interest payment, and system repairment expenses
Case 2 – Delayed tax payment, no penalty interest payment, system repairment expenses.
Case 3 – Tax to be paid for this year and previous years, no penalty interest, or fine, financial reports for previous year to be revised and re-published.
Case 4 – Tax to be paid for this year and previous years, no penalty interest or fine, no changes to financial reports for previous year.
Case 5 – Tax to be paid for this year and previous years, penalty interest and fine, financial reports for previous year to be revised and re-published
Case 6 – Tax to be paid for this year and previous years, penalty interest and fine, no changes to financial reports for previous year
- Background on the question
-
Operational risk – gross loss in tax related events in accordance with REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor, Article 318.
- Submission date
- Status
-
Question under review
- Answer prepared by
-
Answer prepared by the EBA.