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Breadcrumb

  1. Home
  2. Single Rulebook Q&A
  3. 2024_7271 OFR for operational risk on the date 31 December 2024
Question ID
2024_7271
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Operational risk
Article
Art. 311a-315 CRR3
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Not applicable
Article/Paragraph
Not applicable
Type of submitter
Credit institution
Subject matter
OFR for operational risk on the date 31 December 2024
Question

What method should we use to calculate the OFR on 31 December 2024 (e.g. to present in COREP 16.00) - new standardised approach according to CRR3 or one of existing approaches (BIA, TSA, AMA)?

Background on the question

In the executive summary of the "Final report on amendments to the ITS on supervisory reporting - CRR3/CRD6" there is an information that the first reference date is 31 March 2025.
The article 59 of this report (part: Calculation of the Business indicator considering past periods) states that:
- institutions shall calculate their OFR basing on the information available at the financial year-end;
- the last three twelve-monthly observations should start from the end of the financial year.
The table in the article 60 shows that the OFR on December 2024 should be based on the full year data from December 2024, December 2023, December 2022.

Submission date
09/12/2024
Rejected publishing date
28/04/2025
Rationale for rejection

This question has been rejected because it is considered that EBA guidance or clarification is not needed with regard to the issue that it raises. For example, this can be the case where it is considered that the existing regulatory framework is sufficiently clear and unambiguous, or where different practices may be possible but it is not currently necessary to harmonise these further through the Q&A process.

The Single Rule Book Q&A tool has been established to provide explanations and non-binding interpretations on questions relating to the practical application or implementation of the provisions of legislative acts referred to in Article 1(2) of the EBA’s founding Regulation, as well as associated delegated and implementing acts, and guidelines and recommendations, adopted under these legislative acts.

For further information on the purpose of this tool and on how to submit questions, please see “Additional background and guidance for asking questions”.

Status
Rejected question

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