EBA · 2017_3591 Final Q&A

IFRS 9, validation rule v2776_m

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
99
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Submitted by
Credit institution
Submitted
2017-11-09
Answered
2019-01-11
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

Validation v2776_m for IFRS 9 (taxonomy 2.7) seems to be incorrect.

Background

v2776_m = {F 18.00.a, r100, c010} = sum({F 04.04.1, r100, (c015, c030, c040)}) + {F 01.01, r040, c010} Validation rule v2776_m (taxonomy 2.7) for IFRS 9 compares the gross carrying amount for Loans and Advances for credit institutions of template F 18.00 with the gross carrying amount for Loans and Advances for credit institutions of template F 04.04.1 plus the carrying amount for Other demand deposits of template F 01.01 . However, template F 01.01 includes only the carrying amount. Therefore, this validation seems to be incorrect as table 1.1. is NOT the gross carrying amount.

Answer

According to Part 2, paragraph 217 of Annex V to Regulation (EU) No 680/2014 (ITS on Supervisory Reporting), template F 18.00 of Annexes III and IV to the ITS on Supervisory Reporting covers also cash balances at central banks and other demand deposits. The validation rules confirms this scope of exposures. Template F 01.01 of Annexes III and IV does include only the carrying amount of cash balances and other demand deposits; in case there would be impairments booked against these items, validation rule v2776_m may not hold. This also applies for validation rules v2773_m, v2774_m and v2780_m.

Original source: European Banking Authority, Q&A ID 2017_3591

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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