EBA · 2020_5266 Final Q&A

P2G ratio in template Z 03.00

Regulation
Directive 2014/59/EU (BRRD)
Article
12
Topic
BRRD Reporting
Submitted by
Resolution authority
Submitted
2020-05-19
Answered
2023-03-31
Answer provided by
ESAs (EBA, ESMA, EIOPA)
More Q&As on this regulation →

Question

Based on Annex II to Regulation (EU) 2018/1264, OCR and Pillar 2 Guidance (P2G) (row 0600 to row 0620 of template Z 03.00) is the sum of OCR ratio (r0500) for row 0600 and the P2G communicated by the competent authority. Should any relief measures due to the COVID-19 outbreak for P2G be taken into account or not?

Background

Many credit Institutions need a clarification regarding whether they should take into consideration any relief measure for P2G, in the context of COVID-19, for the calculation of OCR and Pillar 2 Guidance (P2G) in reporting or not. Competent authorities have communicated to them a P2G ratio but due to COVID-19 outbreak and the financial consequences, they can operate below this requirement.

Answer

Rows 0600 to 0620 of template Z 03.00 of Annex I to Regulation (EU) 2018/1624 (ITS on Resolution Planning Reporting) show the sum of the OCR ratio and Pillar 2 Guidance – thus target levels of capital to be met (‘to-be-ratios’), not actual levels of capital (‘as-is-ratios’) as of the reporting reference date. The information reporting should reflect the decision by the competent authority communicated to the entity.  If a relief measure entails a change to the ‘to-be-ratio’, i.e. effectively changes the decision communicated by the competent authority, the relief measure should be reflected in template Z 03.00.  However, if the relief measure does not entail such a change – i.e. the decision communicated by the competent authority and the ‘to-be-ratios’ remain effectively the same – the relief measure does not impact the information reported in rows 0600 to 0620 of Z 03.00.

Original source: European Banking Authority, Q&A ID 2020_5266

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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