CRD 4: EBA issues amended technical standards on benchmarking of internal approaches

The European Banking Authority (EBA) has published its amended implementing technical standards (ITS) on benchmarking of internal approaches EU institutions use to calculate own funds requirements for market and credit risk, as required by the Capital Requirements Directive (CRD 4). The amendments, which reflect changes to the Single Rulebook, include more precise reporting instructions and definitions and updates to the benchmarking portfolios to facilitate the 2018 assessment of internal approaches for credit and market risks and ensure they remain relevant for supervisors.

The amended ITS are intended to improve the quality of submitted data and to assist the EBA and competent authorities in running their 2018 benchmarking exercise. They are expected to apply to the submission of initial market valuation data by November 2017 and the submission of other market and credit risk data by April 2018.