Article 394
Reporting 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):
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(a) |
the identification of the client or the group of connected clients to which an institution has a large exposure; |
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(b) |
the exposure value before taking into account the effect of the credit risk mitigation, when applicable; |
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(c) |
where used, the type of funded or unfunded credit protection; |
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(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 entities, including large exposures exempted from the application of Article 395(1):
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(a) |
the identification of the client or the group of connected clients to which an institution has a large exposure; |
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(b) |
the exposure value before taking into account the effect of the credit risk mitigation, when applicable; |
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(c) |
where used, the type of funded or unfunded credit protection; |
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(d) |
the exposure value after taking into account the effect of the credit risk mitigation calculated for the purpose of Article 395(1); |
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(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.
4. EBA shall develop draft implementing technical standards to specify the following:
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(a) |
the uniform formats for the reporting referred to in paragraph 3 which shall be proportionate to the nature, scale and complexity of institutions' activities and the instructions for using those formats; |
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(b) |
the frequencies and dates of the reporting referred to in paragraph 3; |
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(c) |
the IT solutions to be applied for the reporting referred to in paragraph 3. |
EBA shall submit those draft implementing technical standards to the Commission by 1 January 2014.
Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph in accordance with Article 15 of Regulation (EU) No 1093/2010.