EBA · 2024_7100 Rejected question

validation rules v16059_s and v16069_s for Template 3 are not aligned with above referenced article / paragraph in the ITS

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
449a, para. N/A
Topic
Transparency and Pillar 3
Submitted by
Credit institution
Submitted
2024-05-29
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Question

We believe the validation rules are incorrect as they prescribe that the value should always be equal to or larger than zero, which is not always the case when applying the fixed formula for calculating the distance from the IEA Net Zero benchmark.

Background

The ITS describes that for the calculation of the distance of the alignment metric to the 2030 data points of the Net Zero Emissions by 2050 Scenario (NZE 2050) a fixed formula should be used, i.e. "metric at reference year - (IEA scenario metric in 2030)/(IEA scenario metric in 2030). The mere application of this formula can hence lead to negative values for alignment metrics with a lower value as the IEA scenario metric in 2030. The validation rules v16059_s and v16069_s are not accommodating such situations.
No answer published yet.

Original source: European Banking Authority, Q&A ID 2024_7100

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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