The European Banking Authority (EBA) has published its 'Guidelines on AMA extensions and changes (GL45)'. The aim is to harmonise processes regarding the supervisory approval of such changes and to assist institutions using the Advanced Measurement Approach (AMA) to develop their AMA models further.
The Guidelines provide institutions with guidance on how to communicate AMA extensions and changes to the competent authorities, and on how to define internal policies for AMA changes in line with supervisory expectations. The Guidelines do not contain requirements regarding the modelling or risk management of institutions.
The EBA expects that the EU competent authorities perform all tasks to implement the Guidelines on AMA changes by 6 March 2012. After that date, members should ensure that institutions comply with them effectively.
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