- Question ID
-
2017_3357
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Liquidity risk
- Article
-
460
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Delegated Regulation (EU) 2015/61 - DR with regard to liquidity coverage requirement
- Article/Paragraph
-
Article 28 (1)
- Name of institution / submitter
-
Association of German Banks
- Country of incorporation / residence
-
Germany
- Type of submitter
-
Industry association
- Subject matter
-
Wholesale Deposits regarding Deposit Insurance Scheme
- Question
-
How can the meaning of “liabilities” in context of Article 28(1) Delegated Regulation (EU) 2015/61 (DR) be interpreted? Does it refer to the total deposit amount from relevant clients which can be multiplied with 20% up to the deposit guarantee scheme limit (d.i.s.l.) and the rest with 40% or shall a deposit with an amount exceeding the d.i.s.l be multiplied as a whole with 40% (i.e. no dividing in 20%- and 40%-Run-Off)?
- Background on the question
-
It would not be plausible not to separate the amounts in a covered part (from a deposit guarantee scheme) and a “not covered part”.
- Submission date
- Final publishing date
-
- Final answer
-
Liabilities referred to under Article 28(1) of Delegated Regulation (EU) 2015/61 shall receive an outflow rate of 20% in accordance with that Article only where their entire amount is fully covered by a deposit guarantee scheme in accordance with Directive 94/19/EC or Directive 2014/49/EU or an equivalent deposit guarantee scheme in a third country. Where the liability exceeds the deposit guarantee limit, a 40% outflow rate shall apply to the entire amount of the liability.
- Status
-
Final Q&A
- Answer prepared by
-
Answer prepared by the EBA.
- Note to Q&A
-
Update 26.03.2021: This Q&A has been reviewed in the light of the changes introduced to Regulation (EU) No 575/2013 (CRR) and continues to be relevant.
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.