EBA · 2014_1233 Final Q&A

Operational Risk templates

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
99
Topic
Supervisory reporting - COREP (incl. IP Losses)
Submitted by
Credit institution
Submitted
2014-05-22
Answered
2016-09-09
Answer provided by
ESAs (EBA, ESMA, EIOPA)

Question

In order to fulfill the information of operational risk losses, we would like to know if we should include the following concept of losses: -Operational risk related credit risk losses. Losses included in the credit risk capital data base, but originated for an operational risk event.

Background

These operational risk related credit risk losses are already included in the credit risk losses.

Answer

Operational risk losses that are related to credit risk and that the institution is required to treat as credit risk for the purposes of calculating own funds requirements according to Article 322 (3) b) CRR shall not be reported in the template C 17.00 of Annex I of Regulation (EU) 680/2014 - ITS on supervisory reporting. The same holds for institutions using the Standardised Approach, though Article 322 (3) b) CRR is not directly applicable to those institutions.

Original source: European Banking Authority, Q&A ID 2014_1233

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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