EBA · 2025_7398 Rejected question

Domestic sovereign debt

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
430
Topic
Supervisory reporting - COREP (incl. IP Losses)
Submitted by
Credit institution
Submitted
2025-04-06
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Question

EBA Q&A 2023_6737 states "Exposures shall be deemed to be domestic where they are exposures to counterparties located in the Member State where the institution is established". Could we confirm that this is also valid in context of the currency of denomination of the debt? e.g. if an EU government issued debt in a currency other than its domestic currency - e.g. Romanian government issues EUR debt instead of RON debt would this still be deemed to be "domestic sovereign debt"?

Background

The previous Q&A covers both debt and cash with only the guidance on cash refering to currency so we seek to clarify that we can purely refer to country of incorporation and not currency with respect to debt securities.
No answer published yet.

Original source: European Banking Authority, Q&A ID 2025_7398

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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