Question ID
2023_6727
Legal act
Directive 2013/36/EU (CRD)
Topic
Interest Rate Risk for Banking Book (IRRBB)
Article
84
Paragraph
6
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
EBA/GL/2022/14 - Guidelines on interest rate risk arising from non-trading book activities
Article/Paragraph
Paragraph 10
Type of submitter
Consultancy firm
Subject matter
Inclusion of products accounted at fair value in the net interest income
Question

Should products accounted at fair value be included in the net interest income measure plus market value change when the fair value of the product is based on expert say and is therefore independent of the level of interest rates ?

Background on the question

For instance French Property Funds – Société civile de placement immobilier - which are accounted at fair value based on expert say.

Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because the issue it deals with is already explained or addressed in the regulatory framework. In particular, please see paragraphs 14, 15 (IRRBB and CSRBB) and 124 (CSRBB)  of the Guidelines issued on the basis of Article 84 (6) of Directive 2013/36/EU specifying criteria for the management and mitigation of the identification, evaluation, risks arising from potential changes in interest rates risk and credit spread risk, of the assessment and monitoring of institutions’ non-trading book activities (EBA/GL/2022/14). 

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Status
Rejected question