Question ID
2017_3255
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - Funding Plans
Article
99
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
EBA/GL/2014/04 - Guidelines on harmonised definitions and templates for funding plans of credit institutions - repealed by EBA/GL/2019/05
Article/Paragraph
.
Type of submitter
Competent authority
Subject matter
Funding Reliances - Table 2A1 - Insured and unsinsured deposits and uninsured deposit-like financial instruments (P 02.01)
Question

Which of the following amount should "Deposits covered by a Deposit Guarantee Scheme according to Directive 94/19/EC or an equivalent deposit guarantee scheme in a third country" definition include: (1) Covered Deposits as per Art. (2) of the European Directive 2014/49/EU on Deposit Guarantee Schemes i.e. all deposits eligible for compensation for each customer with the credit institution up to €100.000 for each depositor. OR (2) Payable amount i.e. all deposits eligible for compensation for each customer with the credit institution after setting-off any credit institution's counterclaims against that specific customer and taking into account the maximum amount of compensation that is €100.000 for each depositor.

Background on the question

One of the Cypriot Banks asked whether in section 2 - funding reliances the amount of deposits covered by DGS should be net of any loans which could be set off against such deposits in case of a bail in.

Submission date
Final publishing date
Final answer

The amount included in the Funding plan should be covered deposits as per Article (2) of the European Directive 2014/49/EU on Deposit Guarantee Schemes, i.e. all deposits eligible for compensation for each customer with the credit institution up to EUR 100,000 for each depositor. Also temporary high deposit balances – stemming from real estate transactions (e.g. sale of a house) as well as from some specific life events (such as marriage, divorce, retirement, etc.) – and which are covered by a deposit guarantee scheme shall be reported here.

Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

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