Circular NBB_2014_06 / Modification of Schema A, Book I

NBB_2014_06 – 6 May 2014 Circular – Page 1/2
14 Berlaimont Boulevard – BE-1000 Brussels tel. +32 2 221 38 12 – fax +32 2 221 31 04 company number: 0203.201.340 RPM Brussels www.bnb.be

Circular
Brussels, 6 May 2014
Reference: NBB_2014_06 your contact:
Jean-Michel Delaval tel. +32 2 221 30 43 – fax +32 2 221 31 04 jeanmichel.delaval@nbb.be

Modification of Schema A, Book I
Scope
Credit institutions.
Summary/Objectives
This circular concerns a modification of Schema A, Book I regarding the general solvency ratio.

Madam, Sir,

By this circular, we inform you of three changes regarding reporting. These are of a technical nature and of minor scope.

First, pending the introduction of a mandatory leverage ratio at the European level, the National Bank of Belgium (NBB) has decided to maintain the mandatory solvency ratio (gearing ratio). Consequently, based on Article 38 of the NBB draft regulation of 4 March 20141, it has been decided to maintain specific reporting to verify compliance with the obligations provided for in that article. This reporting is similar to the one currently in force via table 90.01 of Corep. It will be transmitted on both a solo and consolidated basis and with a quarterly frequency. The reporting deadline is set for the last working day of the month following the closing date. This reporting will enter into force for accounts closed on 31 March 2014. As an exception, the first report of data is set for 30 June 2014. The technical transmission methods are those applied for Schema A, Book I.

Furthermore, although the leverage ratio is not yet an obligation under the CRR, the European Union has decided to impose reporting on this matter on credit institutions (Article 430 of the CRR). In principle, the reported data should be an arithmetic average of the monthly data over the entire quarter. However, the competent authority may grant a derogation authorizing the use of the end-of-quarter figure. The NBB has decided to exercise this option (Article 37 of the NBB draft regulation of 4 March 2014).

1 This should be published shortly.

Circular – Page 2/2 NBB_2014_06 – 6 May 2014

Finally, table 43.80 concerning the distribution of assets and liabilities by country and included in Schema A, Book II (Finrep) will now be included in Schema A, Book I.

A copy of this circular is sent to the auditor(s), approved auditor(s) of your institution.

We ask you to accept, Madam, Sir, our distinguished salutations.

Luc Coene
Governor

Appendix: Reporting on the general solvency ratio