EBA launched a consultation on draft RTS assessing the minimum materiality needed to implement internal approaches for calculating own fund requirements related to risks associated with debts instruments in the trading book. Comments can be sent to the EBA by 15 October, 2013.
These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the EU banking sector.
In particular, these draft RTS set out criteria for assessing when the specific risk of debt instruments in the trading book is ‘material' enough to trigger an evaluation by the competent Authority.
After this evaluation, competent Authorities will be able to determine whether they shall encourage banks to enhance their internal assessment capacity and increase the use of internal models for capital calculations.
Comments can be sent to the EBA by 15 October, 2013.
Press release
Consultation paper
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