EBA · 2022_6549 Rejected question

v5839_m vs Q&A 5434

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
430
Topic
Supervisory reporting - COREP (incl. IP Losses)
Submitted by
Credit institution
Submitted
2022-08-05

Question

When will the validation rule v5839_m reflect changes recommended in Q&A  5434  of the Single Rulebook Q&As?

Background

The EBA answer to Q&A  5434  states that “Instructions specify that this maximum single loss may be higher than the highest single loss recorded in each business line where a loss event impacts different business lines.” Hence, the value in row 0950 can be HIGHER than the maximum of the values in rows 0050, 0150, … ,850. However, the validation rule v5839_m does not allow that. It only allows the value in row 950 to be EQUAL TO max of values in row 0050, 0150, ... ,850. Also, Q&A  5434  states that “This way, the validation rule shall be restored to its previous version (>=instead of =) to take this into account and accept amounts higher than the maximum single loss reported amongst business lines”. However, the validation rule in version 3.2(3.2.1) of “EBA validation Rules 2022-06-13” is not updated.
No answer published yet.

Original source: European Banking Authority, Q&A ID 2022_6549

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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