EBA · 2021_6307 Rejected question

Warning in COREP C42.00 (LR3) template validation regarding column 010, row 010 and row 020

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
Annexes X & XI, COREP C42.00 (LR3)
Topic
Supervisory reporting - Leverage ratio
Submitted by
Credit institution
Submitted
2021-12-07

Question

Does COREP C42.00 template expect “Common Equity Tier 1 capital – fully phased-in definition” in row 010 column 010 should match with “Common Equity Tier 1 capital – transitional definition” row 020 column 010?

Background

We submit COREP reports to Prudential Regulation Authority (PRA) on Financial Conduct Authority (FCA)’s Regdata portal. The portal has inbuilt validation checks based on applicable COREP Taxonomy provided by EBA. While submitting the COREP C42.00 template, we received validation warnings on Regdata Portal which don’t specify a validation rule reference. However, the warning description implicates that “Common Equity Tier 1 capital - fully phased-in definition” in row 010 column 010 should match with “Common Equity Tier 1 capital - transitional definition” row 020 column 010. In that case, the validation warnings seems to ignore the transitional relief derogation laid down in Chapters 1 and 2 of Part Ten of the CRR. Due to application of above derogation, CET1 capital value under fully phased-in definition will be different compared to CET1 capital value under transitional definition. Please refer below the sample of exact warning message populated on Regdata portal: The rounded value of fact 'Name: eba_met:mi81 Value: 266,800,472.00 Context: 9/30/2021 - Own funds, Regulatory capital items, T1 Capital (c-99) Unit: USD (Id: uUSD) Decimals: -3 Id: ' doesn't match the calculated value of 266,568,000.00 defined by calculation linkbase hierarchy ' ( http://www.eba.europa.eu/xbrl/crr/role/dict/met/AT107 )'.
No answer published yet.

Original source: European Banking Authority, Q&A ID 2021_6307

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.