X1PART FOURLARGE EXPOSURES

Annotations:
Editorial Information

Article 394Reporting requirements

1

An institution shall report the following information about every large exposure to the competent authorities, including large exposures exempted from the application of Article 395(1):

a

the identification of the client or the group of connected clients to which an institution has a large exposure;

b

the exposure value before taking into account the effect of the credit risk mitigation, when applicable;

c

where used, the type of funded or unfunded credit protection;

d

the exposure value after taking into account the effect of the credit risk mitigation calculated for the purpose of Article 395(1).

Where an institution is subject to Part Three, Title II, Chapter 3 its 20 largest exposures on a consolidated basis, excluding those exempted from the application of Article 395(1) shall be made available to the competent authorities.

2

An institution shall report the following information to the competent authorities, in addition to reporting the information referred to in paragraph 1, in relation to its 10 largest exposures on a consolidated basis to institutions as well as its 10 largest exposures on a consolidated basis to unregulated financial sector entities, including large exposures exempted from the application of Article 395(1):

a

the identification of the client or the group of connected clients to which an institution has a large exposure;

b

the exposure value before taking into account the effect of the credit risk mitigation, when applicable;

c

where used, the type of funded or unfunded credit protection;

d

the exposure value after taking into account the effect of the credit risk mitigation calculated for the purpose of Article 395(1);

e

the expected run-off of the exposure expressed as the amount maturing within monthly maturity buckets up to one year, quarterly maturity buckets up to three years and annually thereafter.

3

Reporting shall be carried out at least twice a year.

F14

EBA shall develop draft regulatory technical standards to specify the criteria for the identification of shadow banking entities referred to in paragraph 2.

In developing those draft regulatory technical standards, EBA shall take into account international developments and internationally agreed standards on shadow banking and shall consider whether:

a

the relation with an individual entity or a group of entities may carry risks to the institution's solvency or liquidity position;

b

entities that are subject to solvency or liquidity requirements similar to those imposed by this Regulation and Directive 2013/36/EU should be entirely or partially excluded from the obligation to be reported referred to in paragraph 2 on shadow banking entities.

EBA shall submit those draft regulatory technical standards to the Commission by 28 June 2020.

Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010.