Decision 2014/34 (ECB/2014/34)

In force

This text since 3 May 2016law://eu/dec/2014/34/anx_II__grp_2__blk_3@2026-11-12

Contents

The general framework underlying the completion of the reporting template is provided by the reporting requirements of euro area MFIs in the context of MFI balance sheet items (BSI) statistics, as specified in the ECB's BSI Regulation. These guidelines make reference to the requirements of the recast BSI Regulation (EU) No 1071/2013 of the European Central Bank (ECB/2013/33)^note, the first reporting requirements in relation to which start with data from December 2014^note. In particular, as regards loans, Article 8(2) of Regulation (EU) No 1071/2013 (ECB/2013/33) requires that they ‘shall be reported at their principal amount outstanding at the end of the month. Write-offs and write-downs as determined by the relevant accounting practices shall be excluded from this amount. […] loans shall not be netted against any other assets or liabilities’. However, in contrast to the rules laid down in Article 8(2), which also imply that loans are to be reported gross of provisions, Article 8(4) states that ‘NCBs may allow the reporting of provisioned loans net of provisions and the reporting of purchased loans at the price agreed at the time of their acquisition [i.e. their transaction value], provided that such reporting practices are applied by all resident reporting agents’. The implications that this deviation from the general BSI guidance has for the completion of the reporting template are reviewed in more detail below.

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

Key facts

Type: Decision · 2014/34
Adopted: 29 Jul 2014
In force: 29 Aug 2014
Text current to: 3 May 2016
Made by: European Central Bank
Official: EUR-Lex 32014D0034 · ELI

Topics

credit institution disclosure of information euro area loan long-term financing Economic and Monetary Union General framework

History · 1 version

3 May 2016Reading

Connections

See on a map

Cites 1: this act2 provisions

Defined terms · 10

Show every defined term

Allotment reference month
means the most recent month for which eligible net lending data is available for each TLTRO allotment;
Credit institution
means a credit institution as defined in Appendix 2 (Glossary) of Annex I to Guideline ECB/2011/14;
Eligible loans
means loans to non-financial corporations and households (including non-profit institutions serving households) resident in Member States whose currency is the euro, except loans to households for house purchases, and ‘resident’ for these purposes means the term as defined in Article 1 of Council Regulation (EC) No 2533/98;
Eligible net lending
means gross lending in the form of eligible loans net of repayments of outstanding amounts of eligible loans during a specific period, as further detailed in Annex II;
Monetary financial institution
(MFI) means the term as defined in Article 1 of Regulation (EC) No 25/2009 of the European Central Bank (ECB/2008/32);
Outstanding amounts of eligible loans
means outstanding eligible loans on the balance sheet, excluding eligible loans securitised or otherwise transferred without derecognition from the balance sheet, as further detailed in Annex II;
Participant
means a counterparty eligible for Eurosystem monetary policy open market operations in accordance with Annex I to Guideline ECB/2011/14, which submits bids in TLTRO tender procedures either on an individual basis or on a group basis as a lead institution and which is subject to all the rights and obligations associated with its participation in the TLTRO tender procedures;
Relevant NCB
means the NCB of the euro area Member State in which a participant is established.
write-down
means the direct reduction of the carrying amount of a loan on the (statistical) balance sheet owing to its impairment.
write-off
means a write-down of the full carrying amount of a loan leading to its removal from the balance sheet.