Societe Generale - European Banking Authority - Europa

21.4ITS ON SUPERVISORYREPORTING – EBA CP 50Collateral obtained by takingpossession during the periodCOMMENTSThere can be a long time between the start of alegal actions to get the collateral and takingpossession of it. These information is consistentonly on an annual basisPROPOSALOFFREQUENCYPROPOSALOF FIRSTREMITTANCEDATEForeclosure [tangible assets]21.5accumulatedFinancial assets pledged as22collateralFinancial assets pledged as22.1 collateral for liabilities andcontigent liabilitiesFinancial assets pledged asnon-cash collateral for which thetransferre has the right to sell or22.2repledge in the absence ofdefault by the reportinginstitution23 Fair value23.1Fair value hierarchy: financialinstruments at amortised costThis table does not fit with IFRS 7- 38If asked , this table should be a yearly oneIf asked , this table should be a yearly one- IFRS 13 is not yet adopted by the EU .We do believe that the fair value hierarchy forfinancial instruments at cost give no consistentinformation, in particular for the loans for whichthere is no active market , which is the case ofour originated loans.27