Question
Can you please clarify whether the projection horizon for the June 2015 reference date relates to (a) Dec 2015, June 2016, June 2017 and June 2018 for each of columns 020 to 050 respectively, or (b)Dec 2015, Dec 2015, Dec 2016 and Dec 2017 for each of columns 020 to 050 respectively
Background on the question
The guidelines seem to specify the three year horizon with respect to the regular stream, annual submissions, but the case of the first reference period being June 2015 is not clarified
Answer
Funding plans reports shall be submitted following the Guidelines (EBA/GL/2014/04) with projections for 6 months, 1 year, 2 years, 3 years. In case the competent authority defines 30 June 2015 as the first reference date, reported data should contain – in accordance with option (a) in the question above – the projections for December 2015, June 2016, June 2017 and June 2018. All subsequent reports refer to 31 December of a given year, thus include projections for 30 June and 31 December of the year after as well as projections for 31 December of the next two following years.