EBA · 2018_4244 Final Q&A

Benchmarking - Market risk - Base currency unit

Regulation
Directive 2013/36/EU (CRD)
Article
78, para. 2
Topic
Supervisory reporting - Supervisory Benchmarking
Submitted by
Competent authority
Submitted
2018-09-07
Answered
2019-02-01
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

In Annex 5, 2019 and subsequent ITS, section 2 Instruments, the equity instrument # 6 concerns a single stock future that is quoted in pence. For the benchmarking exercise, can the reported value in pence be used?

Background

Specification of the base currency unit

Answer

Instrument number 6 should be reported in GBP as required in the instructions regardless the fact that the quotation is in pence. Disclaimer The present Q&A on Supervisory reporting is provisional. It will be reviewed after the Implementing Regulation is in force and published in the Official Journal. The text of the Implementing Regulation may differ from the text of the draft ITS to which this Q&A refers.

Original source: European Banking Authority, Q&A ID 2018_4244

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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