EBA · 2014_1093 Final Q&A

Validation Rules: v0219_m, v0221_m

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
99
Topic
Supervisory reporting - COREP (incl. IP Losses)
Submitted by
Consultancy firm
Submitted
2014-04-23
Answered
2016-10-14
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

Both rules validate the Surplus(+) / Deficit(-) of certain capital: - v0219_m for CET1 Capital - v0221_m for T1 Capital The question stands: Should the range of percentages from Article 465 CRR be implemented in the validation rules for each type of capital or should the fixed percentages in Article 92 CRR be upheld?

Background

According to CRR 465 (1) CRR: By way of derogation from points (a) and (b) of Article 92(1) the following own funds requirements shall apply during the period from 1 January 2014 to 31 December 2014: (a) a Common Equity Tier 1 capital ratio of a level that falls within a range of 4% to 4,5%; (b) a Tier 1 capital ratio of a level that falls within a range of 5,5% to 6%.

Answer

The validation rules v0219_m and v0221_m are correct. According to the instructions for row 020 of template C 03.00 of Annex I to Regulation (EU) No. 680/2014 (ITS on Supervisory Reporting) as provided in Part II, chapter 1.4.1 of Annex II to the ITS on Supervisory Reporting, the CET1 capital surplus or deficit shall be calculated without taking into account capital buffers and transitional provisions, i.e. based on a requirement of 4,5%. The same holds true for row 040 of template C 03.00 (T1 capital surplus / deficit) and the requirement of 6% respectively.

Original source: European Banking Authority, Q&A ID 2014_1093

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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