EBA · 2020_5277 Final Q&A

Validation rules V_7329; V_7403 and V7409

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
99
Topic
Supervisory reporting - COREP (incl. IP Losses)
Submitted by
Credit institution
Submitted
2020-05-26
Answered
2021-03-19
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

Does validation rule V_7329; V_7403 and V7409 apply for columns that can (should) contain a negative amounts?

Background

Negative amounts make that these three validation rules do not hold. v7329_m states according to the validation rules (last updated 10 March 2020): {r0010} >= ({r0450} + {r0460} + {r0470} + {r0480} + {r0500} + {r0510} + {r0520} + {r0530} + {r0540} + {r0550} + {r0560} + {r0570} + {r0580} + {r0590} + {r0600} + {r0610} + {r0620} + {r0630} + {r0640} + {r0650} + {r0660} + {r0670}). This validation rule is also applicable for C0190. However this column should contain a negative amount, making that the validation rule does not work (inconsistent). v7403_m states according to the validation rules (last updated 10 March 2020): {r0030} = {r0040} + {r0050}. This validation rule is also applicable for C0020, C0030, C0060, C0080, C0090, C0100, C0130, C0190, C0900 and c0910. However these columns should contain a negative amount, making that the validation rule does not work (inconsistent). v7409_m states according to the validation rules (last updated 10 March 2020): {r0170} >= {r0180}. This validation rule is also applicable for C0020, C0030, C0060, C0080, C0090, C0100, C0130, C0190, C0900 and c0910. However these columns should contain a negative amount, making that the validation rule does not work (inconsistent).

Answer

While the inclusion of negative and positive sign rows may influence the result or sign of a comparison between values (such as in v7409_m), it does not affect the rules that merely state the result of a formula, already considering the signs of the components (such as v7403_m). Therefore, v7409_m (and v7329_m) were wrong and have been corrected so that they can apply to columns that may contain negative values, while v7403_m is right as it can be applied already to columns that may contain negative values.

Original source: European Banking Authority, Q&A ID 2020_5277

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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