EBA · 2023_6809 Rejected question

Pillar 3 ESG Template 7 - Trading book

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
449a
Topic
Transparency and Pillar 3
Submitted by
Credit institution
Submitted
2023-05-23
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Question

Should the Trading book be considered in the “Other assets excluded from the numerator for GAR calculation (covered in the denominator)”, as positioned under the EU Taxonomy template 1? Or should it be left in the “Other assets excluded from both the numerator and denominator for GAR calculation” category as in Pillar 3 ESG Template 7, leading to an inconsistency of reporting between the two templates?

Background

We believe there is a mismatch between the EU Taxonomy templates and the Pillar 3 ESG disclosure ones regarding the treatment and placement of the Trading book. The positioning of the line item Trading book differs between Pillar 3 ESG Template 7 and EU Taxonomy Template 1.  In Pillar 3 ESG Template 7 the, Trading book is included in the “Other assets excluded from both the numerator and denominator for GAR calculation” (row 48), while in the EU Taxonomy template 1 the Trading book is included in the “Other assets excluded from the numerator for GAR calculation (covered in the denominator)” (row 43). This will lead to inconsistent reporting.
No answer published yet.

Original source: European Banking Authority, Q&A ID 2023_6809

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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