ISDA and the Association for Financial Markets in Europe (AFME) submitted a joint response to the European Banking Authority (EBA) consultation on draft amendments to the implementing technical standards (ITS) on the Fundamental Review of the Trading Book (FRTB) reporting requirements under the Capital Requirements Regulation (CRR).

In the response, ISDA and AFME include recommendations to align the final ITS on FRTB reporting with the implementation of the CRR 3 FRTB requirements, including targeted revisions to reduce unnecessary burdens on banks.