EBA · 2016_2843 Final Q&A

Invalid CRR article reference within leverage ratio ITS (regulation (EU) 2016/428)

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
430
Topic
Supervisory reporting - Leverage ratio
Submitted by
Credit institution
Submitted
2016-07-22
Answered
2017-02-03
Answer provided by
ESAs (EBA, ESMA, EIOPA)

Question

The instructions for cells {180;020} and {180;040} of the leverage ratio report 'C43.00 — Alternative breakdown of leverage ratio exposure measure components (LR4)' contained in the leverage ratio ITS make reference to "exposures in the form of covered bonds under Article 161(d) of the CRR". "Article 161(d)" is not a valid reference to the CRR. Is the intended reference 'article 161(1)(d)'?

Background

Current (as at 22.07.2016) version of leverage ratio ITS (regulation (EU) 2016/428 (amending 680/2014)): http://eur-lex.europa.eu/eli/reg_impl/2016/428/oj Current (as at 22.07.2016) version of the CRR: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02013R0575-2016...

Answer

There is indeed a typo. “Article 161(d) CRR” should be read “Article 161 (1) d) CRR”. The reference will be corrected in the next version of Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions.

Original source: European Banking Authority, Q&A ID 2016_2843

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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