EBA · 2014_1521 Final Q&A

Funding Plans : Table 2C (P 02.06) - Gradation of currencies in the taxonomy

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
99
Topic
Supervisory reporting - Funding Plans
Submitted by
Consultancy firm
Submitted
2014-10-08
Answered
2016-07-29
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

In Table 2C (P 02.06), there is a notion of gradation on currencies' breakdown (1st, 2nd, and 3rd Largest material currency). But for now, the taxonomy don't handle this gradation. Does that mean that we can report the three most significant currencies regardless of their rank of importance?

Background

In Table 2C (P 02.06), there is a notion of gradation on currencies' breakdown (1st, 2nd, and 3rd Largest material currency). But for now, the taxonomy don't handle this gradation. Does that mean that we can report the three most significant currencies regardless of their rank of importance?

Answer

Institutions shall report the three largest material currencies. Please see also Q&As 2015_2329 and 2015_2388 on identification of these currencies. There is no difference in ranking of currencies as long as the three largest ones are reported. Currencies are reported as z-axis for template P 02.06 of Annex I of EBA/GL/2014/04 and can be identified and ranked based on reported facts.

Original source: European Banking Authority, Q&A ID 2014_1521

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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