EBA Updates Single Rulebook Q&As: June 26, 2015

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On June 26, 2015, the European Banking Authority (EBA) updated its Q&As on the single rulebook, publishing eight new questions.

The single rulebook Q&As relate to the CRD IV package of reforms (that is, the CRD IV Directive (2013/36/EU) and the Capital Requirements Regulation (Regulation 575/2013) (CRR) and the Bank Recovery and Resolution Directive (2014/59/EU) (BRRD)).

The question IDs and topics for the new answers published are:

  • ID: 2014_889: Definition of Additional Tier 1 instruments for the purposes of Article 141 of the CRD IV Directive.
  • ID: 2014_1415: Significance of the term “without prejudice” in Article 86 of the CRR.
  • ID: 2015_1741: Exemption of deduction under transitional arrangements. Calculation of the threshold of Article 470 of the CRR.
  • ID: 2014_1665: Inconsistencies in FINREP validation rules for allowances and provisions for impaired debt instruments, defaulted guarantees and defaulted commitments.
  • ID: 2015_1855: Reporting of secured lending if an institution has no possession of collateral.
  • ID: 2015_2034: FINREP: reporting of accumulated changes in fair value due to credit risk and FINREP sign convention.
  • ID: 2014_1011: Basel I floor.
  • ID: 2015_1740: Excess of deductions from AT1 items over AT1 capital that must be deducted from CET1, but is caused by the impact of transitional arrangements.