EBA · 2023_6832 Rejected question

Value of domestic payment transactions

Regulation
Directive 2014/59/EU (BRRD)
Article
4
Topic
Simplified obligations
Submitted by
Individual
Submitted
2023-07-03
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Question

Should the value of domestic payments transactions between credit institutions and central banks be considered for this indicator?

Background

For the assessment of the eligible institutions for simplified obligations, according to the Commission Delegated Regulation (EU) 2019/348 of 25 October 2018 (DR 2019/348), competent authorities need to consider the value of the payments made in the reporting year (excluding intra-group payments) calculated as the value of a bank's payments sent through all of the main payment systems of which it is a member.   Compared to the other indicators foreseen in DR 2019/348, this is the only not linked to the ITS on supervisory reporting.   Credit institutions use their payment systems to settle all their transactions including the ones with central banks, where we can find for instance the payments linked to monetary operations. Additionaly, this criteria is also used in the " Guidelines on criteria to to assess other systemically important institutions (O-SIIs) ".
No answer published yet.

Original source: European Banking Authority, Q&A ID 2023_6832

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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