EBA欧洲银行-Single-Rulebook-Reporting-Q26A-as-of-July-2014_270页_5mb

Single Rulebook Q&A – Reviewed Answers Supervisory Reporting Summary

Overview

This document provides a collection of frequently asked questions (Q&As) and their reviewed answers related to supervisory reporting under the Capital Requirements Regulation (CRR) and other relevant EU regulations. It is dated July 2014 and will be updated quarterly to include new Q&As published in the preceding three months. The content is organized into sections such as ITS, COREP, FINREP, IP Losses, Large Exposures, Leverage Ratio, Liquidity, DPM, Validation Rules, and Asset Encumbrance.

Core Content

1. ITS (Implementing Technical Standards)

• Q&A 26 (29/07/2013):

  • Article 521(2)(c) of the CRR originally had an incorrect reference date of 31 December 2014, which was corrected to 28 June 2013 via a corrigendum.
  • The final ITS on supervisory reporting of institutions (Regulation (EU) No 680/2014) states that the application date of FINREP is 1 July 2014, not 1 January 2014.
  • The date of initial submission for FINREP is determined by the competent authority, and the EBA has published draft ITS that may still be subject to changes.

• Q&A 37 (31/10/2013):

  • Certain entities are excluded from the definition of investment firms under Article 4(1)(2)(c) of the CRR.
  • These entities are not within the scope of the CRR but are subject to Pillar 1 capital requirements under Article 95(2).
  • Competent authorities must apply national legislation to impose reporting requirements on these entities, not the CRR itself.

• Q&A 38 (31/10/2013):

  • Article 99(6) of the CRR allows competent authorities to extend FINREP reporting requirements to non-IFRS institutions.
  • This discretion applies only to institutions subject to Directive 86/635/EEC (the Bank Accounts Directive).
  • The discretion is not applicable to investment firms unless they are included in the scope of the Bank Accounts Directive at national level.

• Q&A 119 (31/10/2013):

  • The application of FINREP is determined by Article 99(2) of the CRR, not by whether the thresholds in Article 19 are exceeded.
  • If prudential consolidation is required, then FINREP reporting is also required, regardless of the subsidiary's size.

Main Topics and Key Information

2. First Reporting Date and Reporting Period

• Q&A 25 (15/11/2013):
  • The first reporting date for LCR and NSFR was originally set as 31 December 2013 but was amended to 1 January 2014 via a corrigendum.
  • The EBA has proposed that reporting should commence on a monthly basis from 31 March 2014, subject to transitional provisions.
  • Quarterly reporting of stable funding data is expected to start from 1 January 2014, but again subject to transitional arrangements.

3. Article 104(1)(j) of CRD

• Q&A 175 (20/12/2013):
  • Competent authorities are permitted to impose additional or more frequent reporting requirements, including on capital and liquidity positions, as part of their supervisory powers.
  • This power is available for institutions with similar risk profiles and can be used to address issues such as non-compliance with own funds requirements.
  • The power is specified in Article 104(1)(j) of the CRD and is part of the supervisory measures described in Chapter 2 and Section IV of the CRD.

Key Information Summary

• Document Purpose: To provide reviewed answers to Q&As on supervisory reporting, which are updated quarterly.
• Scope of Application: The Q&As cover various aspects including the application date of FINREP, applicability of reporting requirements to excluded entities, and the discretion of competent authorities to impose more frequent reporting.
• Regulatory Framework: The CRR, CRD, and related implementing acts such as the ITS and DPM are referenced.
• Disclaimers: The answers are not binding on the European Commission and are subject to change.
• Transparency: Revisions to the answers are highlighted in track changes for clarity.

Conclusion

The document serves as a reference for institutions and competent authorities regarding the application and interpretation of supervisory reporting requirements under the CRR and CRD. It emphasizes the importance of the application date, the scope of reporting, and the discretion of authorities to impose more frequent reporting where necessary. The answers are subject to change and should be considered as guidance rather than binding legal interpretations.