EBA · 2018_3950 Final Q&A

Incorrect validation rule v4456_m

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
99
Topic
Supervisory reporting - COREP (incl. IP Losses)
Submitted by
Competent authority
Submitted
2018-06-01
Answered
2019-09-06
Answer provided by
ESAs (EBA, ESMA, EIOPA)

Question

The validation rule v4456_m is not correctly defined in the taxonomy 2.7. Prerequisites are following: C 47.00 and C 43.00.a and C 43.00.b and C 43.00.c It means that all tables have to be reported. However a bank with a standardised approach to credit risk do not report table C 43.00.c. Consequently the rule can not be applied. In theory a bank can have no data for the table C 43.00.a as well.

Background

As the validation rule can not be applied, the validation rule is not run in our reporting system and there is a real risk that a bank sends invalid data.

Answer

The validation rule v4456_m prerequisites should indeed only include table C 47.00 since tables C 43.00.a, C 43.00.b and C 43.00.c may not all be reported at the same time. Therefore, only table C 47.00 will be included as a prerequisite for this validation rule.

Original source: European Banking Authority, Q&A ID 2018_3950

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.

Similar Q&As

More Q&As on this topic

📋 Track EU financial regulation continuously

Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.

14-day free trial. No credit card required.