EBA · 2014_1204 Final Q&A

Is validation rule v3897_s correct and shall be strictly adhered to?

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
99
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Submitted by
Consultancy firm
Submitted
2014-05-16
Answered
2016-10-14
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

There are a number of sign validation rules which are applied to the FINREP templates. Are all of them correct and shall be strictly adhered to? For example, rule v3897_s requires that all items in template F 01.01 (FINREP) are greater or equal to 0. This validation may not be applicable for some of the items in template F 01.01, such as row 250 – 'Fair Value changes of the hedged items in portfolio hedge of interest rate risk'. As this item (row 250) may be a contra-asset account (i.e. reducing the total assets balance), shall it nevertheless be reported as a positive number (as required by the validation rule)?

Background

There are a number of sign validation rules which are applied to the FINREP templates. Are all of them correct and shall be strictly adhered to? For example, rule v3897_s requires that all items in template F 01.01 (FINREP) are greater or equal to 0. This validation may not be applicable for some of the items in template F 01.01, such as row 250 – 'Fair Value changes of the hedged items in portfolio hedge of interest rate risk'. As this item (row 250) may be a contra-asset account (i.e. reducing the total assets balance), shall it nevertheless be reported as a positive number (as required by the validation rule)?

Answer

The assessment is correct, row 250 of template F 01.01 of Annexes III and IV of Regulation (EU) No. 680/2014 (ITS on Supervisory Reporting) may contain both positive and negative figures. The same applies to row 250 of template F 17.01, row 250 of template F 20.01, row 160 of template F 01.02, row 160 of template F 17.03 and row 160 of template F 20.02 of Annexes III and IV. Accordingly, the validation rules v3897_s, v3957_s, v3960_s, v3898_s, v3959_s and v3961_s which are already deactivated and would prevent the reporting of negative values in the respective cells will be amended.

Original source: European Banking Authority, Q&A ID 2014_1204

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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