QA2017-15 - Intragroup T01.00

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Feb 01, 2024
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QA2017-15

Question


Looking at the group consolidated level and assuming to apply only the prudential scope of consolidation, the column 070 would be empty (due to consolidation). If according to the instruction of C070, entities that are not part of prudential scope of consolidation but part of accounting scope of consolidation, have to be reported additionally within this column 070, the total sum of all liabilities (c121 and c122) won’t match FINREP numbers like total deposits, liabilities etc. anymore. Furthermore the carrying amount corresponds to the amount used for FINREP purposes (see point 5. Amount reporting of the instructions). What amount shall be included in C071, applying accounting scope of consolidation?


Response


The total amount should match FINREP, as we request only the counterparty classification to reflect the fact that an entity is included in the accounting scope of consolidation. As such, no liabilities issued by these intragroup entities need to be reported, but liabilities issued to/subscribed by intragroup entities should be recorded in the intragroup column rather than in one of the other counterparty breakdowns. As an example, if an insurance subsidiary provides funding to its parent institution reporting liability data, this parent has a prudential consolidation which excludes that particular subsidiary. None of the insurance liabilities should be reported, but the funding it provides should be identified in c07x rather than in c05x (i.e. insurance firms & pension funds).