Question
Regarding the templates Z 07.01.1 to Z 07.01.5 that should be reported for each Member State in which the group is active (as specified in Annex 1 to the regulation mentioned above), the question is: Could you please confirm if the bank can include separate templates for each country in a single individual resolution report?
Background on the question
Regarding the templates Z 07.01.1 to Z 07.01.5 that should be reported for each Member State in which the group is active (as specified in Annex 1 to the regulation mentioned above), the question is: Could you please confirm if the bank can include separate templates for each country in a single individual resolution report?
Answer
In line with the instructions provided in sections II.12 of the Annex for IT solutions, the template shall be reported once for each Member State (identified as ‘country’) in which the group is active. In all cases (irrespectively of the point of entry), branches shall be aggregated in the report of the country in which they provide services, considering the respective level of consolidation.