EBA · 2017_3527 Final Q&A

Validation Rules v5014_m and v5015_m for FinRep nGAAP (v2.6)

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
99
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Submitted by
Credit institution
Submitted
2017-09-19
Answered
2018-11-09
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

The definition of EBA Validation rules v5014_m and v5015_m does not work for FinRep nGAAP because t emplate F 04.06 is missing in the formulas .

Background

The EBA Validation rules v5014_m and v5015_m use template F 06.00 for the calculation of the left hand side of the formula T emplate F 06.00 contains all accounting Portfolios , including Trading Financial Assets . For the calculation of the right hand side of the formula values from template F 04.06 (Trading Financial Assets)  are not added . At the Moment only template F 18.00 is included. Template F 18.00 contains assets other than Held for trading and Trading Financial Assets . Therefore the Validation rule does not work for FinRep nGAAP. However , for FinRep IFRS this Validation rule works because values reported in template F 04.01 are considered.

Answer

The definitions of validation rules v5014_m and v5015_m for v2.6 are indeed not considering that values in the Trading Financial Assets portfolio are not included in template F 18.00 of Annexes III and IV to Regulation (EU) No 680/2014 (ITS on Supervisory Reporting). Template F 06.00 has been replaced by template F 06.01 in v2.7, hence the validation rule has been changed with the new reporting framework. The accounting portfolios in both templates F 18.00 and F 06.01 are now the same and the validation rule could be applied to IFRS and nGAAP.

Original source: European Banking Authority, Q&A ID 2017_3527

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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