- Question ID
-
2016_2833
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Supervisory reporting - Leverage ratio
- Article
-
99
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
- Article/Paragraph
-
Annex XI
- Name of institution / submitter
-
Unipol Gruppo Finanziario SPA
- Country of incorporation / residence
-
Italia
- Type of submitter
-
Credit institution
- Subject matter
-
Annex XI - template C 44.00 (LR5), row 040, column 010
- Question
-
In consolidated reporting, which category should be used to complete template C 44.00, row 040, column 010 if the parent company is a Financial Holding Company or a Mixed financial holding company?
- Background on the question
-
Template C 44.00 (row 040) of Annex XI included in the Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions – requires to report the ‘Institution type’, in addition to other information.
The accepted values for the Institution type are:
- universal banking (retail/commercial and investment banking),
- retail/commercial banking,
- investment banking and
- specialized lender.
None of the proposed categories is appropriate if the parent company is a Financial Holding Company or a Mixed Financial Holding Company and not a parent institution (according to Article 4 CRR, credit institution or an investment firm).
In our group, for example, the parent company is a Mixed Financial Holding Company and, consequently, consolidated reporting to the regulator are carried out by the Holding.
- Submission date
- Final publishing date
-
- Final answer
-
Template C 44.00 (LR5) of Annex X to Regulation (EU) No 680/2014 (ITS on Supervisory Reporting, as amended by Regulation (EU) 2016/428) aims at collecting additional information on the reporting institution for the purpose of gathering information on the regulatory treatment of derivatives and the institution type.
According to the instructions on {r040, c010} of template C 44.00 as provided in Annex XI to the ITS on Supervisory Reporting, the institution shall classify its institution type in row 040 of template C 44.00 of Annex X to the ITS on Supervisory Reporting according to the categories given below:
- Universal banking (retail/commercial and investment banking)
- Retail / commercial banking
- Investment banking
- Specialised lender
These categories refer to the business model adopted by the reporting institution. The reporting institution should then make reference to one of the four categories above, identified according to the relevant activity / activities undertaken by the institution. In case of reports at consolidated level, the main activity / activities of the group the report refers to – and not only those of the parent company – shall be considered. Pending the creation of a fifth category ‘Other’, reporting institutions whose business cannot be assigned to any of the categories above should leave the cell blank (see also Q&A 2014_1287).
By contrast, Article 4 of Regulation (EU) No 575/2013 (CRR) considers a different categorization according to the prevailing business conducted (credit institution, investment firm, insurance/reinsurance) or organizational specificities (financial holding company, mixed financial holding company, mixed activity holding company and so on).
- Status
-
Final Q&A
- Answer prepared by
-
Answer prepared by the EBA.
Disclaimer
The Q&A refers to the provisions in force on the day of their publication. The EBA does not systematically review published Q&As following the amendment of legislative acts. Users of the Q&A tool should therefore check the date of publication of the Q&A and whether the provisions referred to in the answer remain the same.