EBA · 2026_7897 Rejected question

Classification of of CRR PSE under Finrep where local regulators identify them as a "non-CRR Bank"

Name: Classification of of CRR PSE under Finrep where local regulators identify them as a "non-CRR Bank": EBA Q&A — EU Financial Regulatory Q&A
Creator: European Banking Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: Regulation (EU) No 575/2013 (CRR)
Article: Article 116
Topic: Supervisory reporting
Submitted by: Credit institution
Submitted: 2026-05-19

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Question

Can a CRR PSE entity that qualifies as a Credit Institution under Article 4 of the CRR, be classified as a Credit Institution under FINREP, even if the local regulator classifies them as a "non-CRR Bank"?

Background

We have a few counterparties that are classified as PSE's and are included on the EBA list, as per article 116 of the CRR, but are refered to by their home regulators as non-CRR banks. Under FINREP Counterparts that are included as PSE can be allocated to one of four counterparty sectors, including credit institutions and other financial corporations.. Does the home regulator description of the counterpart as a non-CRR bank mean we disregard that this entity, that classifies as a credit institution under CRR, and classify it as an Other Financial Corporation, or do we not consider the home regulators description and therefore for FINREP conclude it is a Credit Institution?

No answer published yet.

Original source: European Banking Authority, Q&A ID 2026_7897

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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