QA2018-25 - Definition T01.00

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Resolution Reporting Subject Matter Guidance
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QA2018-25

Question


There are various examples in the guidance of where some liabilities are to be reported under non-financial liabilities and other liabilities under residual liabilities. Tax liabilities or trade payables that are not excluded from bail-in are to be shown under the current guidance under residual liabilities. Is it possible to make a clarification according to the FinRep positions, what is to be classified as a non-financial liability and what is to be recognized as a residual liability? Are there other reasons that make a systematic distinction between Non-financial liabilites and residual liabilities possible?


Response


These categories are residual categories that allow institutions to report liabilities not related to debt (r390) and any other liabilities that cannot be allocated to other categories (r400). For the latter category, it is expected that the amount reported is kept to the minimum. Allocation of instruments to the r390 and r400 categories should be done on case-by-case basis. Reporting institutions can contact their IRT to address specific cases.