FINREP – reporting of negative interest

Negative remuneration on financial assets (remuneration proceeding from a negative effective interest rate) should be reported as an interest expense in FINREP under Regulation (EU) No 680/2014 13 ITS on Supervisory Reporting of institutions (ITS). Conversely, positive remuneration on financial liabilities should be reported as interest income. Negative interests on financial assets should be reported in the current FINREP framework in the following way: -       FINREP F 02.00 {r090, c010} -       FINREP F 02.00 {r140, c010} ((Other liabilities)) -       FINREP F 16.01 {r270, c020} -       FINREP F 16.01 {r260, c020} (Other liabilities) -         Positive interests on financial liabilities should be reported in: -       FINREP F 02.00 {r010, c010} -       FINREP F 02.00 {r080, c010} (Other assets) -       FINREP F 16.01 {r270, c010} -       FINREP F 16.01 {r150, c010} (Other assets) -         Negative remuneration on assets shall be reported together with interest expense from other liabilities (as above) and positive remuneration on liabilities shall be reported together with interest income on other assets (as above).