Implementation of New Reporting Defined by the EBA

NBB_2014_05 – April 9, 2014 Communication – Page 1/3 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 Communication Brussels, April 9, 2014 Reference: NBB_2014_05 Your contact: Jean-Michel Delaval Tel. +32 2 221 30 43 – Fax +32 2 221 31 04 jeanmichel.delaval@nbb.be Implementation of New Reporting Defined by the EBA Scope Credit institutions, financial companies, and stockbroking companies. Summary/Objectives This communication informs of the implementation of the new reporting defined by the EBA. Dear Sir, Dear Madam, This communication is intended to inform you of recent developments concerning the entry into force of the new reporting schemes under CRD IV and various practical aspects regarding this subject. As you are aware, the new prudential reporting under CRD IV was adopted and published on July 1, 2013, by the European Banking Authority (EBA) in the form of a “draft Implementation Technical Standard (ITS)” based on Article 99 of the CRR. This draft ITS was subsequently communicated to the European Commission (EC) for adoption and publication in the Official Journal of the European Union in the various languages of the Union. The reference version is that published by the European Commission on its website (http://ec.europa.eu/internal_market/bank/regcapital/legislation_in_force_en.htm#implementing). We refer you to this regard to our communication NBB_2013_09 of August 29, 2013. Recently, the EC decided to postpone the remittance dates for certain reporting statements that were due on April 30, 20141. The new remittance dates for reporting are now set as follows:  Reporting related to liquidity coverage requirements will be the first to apply, meaning that data will be transmitted no later than June 30, 2014, for the situation as of March 31, 2014, and April 30, 2014. This constitutes a postponement compared to the initial date. However, it is strongly recommended that institutions send their data by April 30, 2014, as previously planned, or as soon as possible before June 30, 2014. This recommendation is motivated by the NBB's desire to test its applications and avoid any implementation or congestion problems on June 30, 2014, in the interest of the entire sector.  Corep as well as reporting related to stable funding, losses generated by exposures collateralized by real estate assets, large exposures, and leverage will be sent no later than June 30, 2014, for both the solo and consolidated bases, for the situation as of March 31, 2014;  Finrep will be implemented for the situation as of September 30, 2014, with data transmission due by November 12 at the latest;  Reporting related to pledged assets will apply from positions as of December 31, 2014. Furthermore, the EBA published an amendment to Finrep in October 2013. Indeed, additional information has been included regarding non-performing exposures and restructured exposures. These reporting obligations must be transmitted by December 31, 2014, based on accounts as of September 30, 2014. For institutions subject to the ITS, Schema A Book II and Book III are repealed and replaced by this ITS. Table 90.30 concerning interest rate risk is retained. Tables 90.31-33 on liquidity are maintained until the end of 2014. Table 90.34 has been deleted since January 1, 2014. Schema A Book I, not being within the scope of Article 99 of the CRR, remains applicable, as does the so-called “balance-sheet” table. The new XBRL taxonomy used by the NBB is that developed by the EBA and published on its website. Institutions with a total balance sheet of less than 100 million euros at the reporting date may, as in the past, manually enter this data via the web browser of the NBB system (Onegate). By this communication, we would like to clarify a number of additional elements:

• The EBA has introduced a threshold mechanism for certain tables to ensure proportionality in reporting. This threshold policy is described generally in Article 4 of the aforementioned ITS. This policy applies to Tables 9 and 17 of Annex I. For these, the total balance sheet amount of the sector referred to is set at 1,099,984 million euros, the figure of December 31, 2012, published in Belgostat. For subsequent reporting, the NBB expects institutions to refer directly to the figures published in Belgostat. Materiality thresholds also concern Tables 21 and 22 of Annex IV. Finally, thresholds are also provided for reporting related to leverage (see paragraphs 3, 4, 5, and 6 of Article 14). If institutions make use of these materiality thresholds, they are requested to inform their case holder at the NBB and ensure that this is recorded in “Ecorporate”;
• Regarding “concentration risk” reporting (Article 13 of the ITS) and the counterparty identification code, you are requested to use a LEI code when the counterparty has one, and a Gggg code otherwise. This latter code is the one currently used and is a numerical code that follows the order in which the counterparty is mentioned in the table (G001, G002, etc..);
• In the case of financial information, institutions may report according to the fiscal year when it differs from the calendar year (Article 2 of the ITS);

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• Individual reporting obligations are included in the reporting sheets made available by the NBB in “Ecorporate”.
• The technical documentation related to reporting, as well as the protocol, have been published on the NBB website, http://www.nbb.be/onegate, documentation, MBS domain, XBRL reporting. The production environment of Onegate will be opened on Wednesday, April 16, 2014. The test environment will remain available. The NBB wishes to draw your attention to the importance of respecting reporting deadlines. It is essential that your reports are properly closed on the set dates. For your information, any report not closed and entered on the reporting date will be considered valid and sent as is to the ECB within the framework of the SSM. If you have questions regarding the content of this new reporting, we strongly advise you to address them directly to the EBA via the “single rulebook Q&A” section of their website. If you have practical questions, you can send them to the following email address: ITSreporting@nbb.be, specifying in particular your contact details (name, title, institution name, telephone number, and email address). It is also useful to inform your usual contacts at the NBB. A copy of this is sent to the auditor(s) and approved auditor(s) of your institution. Please accept, Dear Sir, Dear Madam, our distinguished salutations. Luc Coene Governor