EBA issues amended technical standards on benchmarking of internal approaches

04 May 2017

These amendments aim at ensuring a better quality of the submitted data and ultimately will assist the EBA and competent authorities in their 2018 assessment of internal approaches for credit and market risk.

The European Banking Authority (EBA) plans to annually update the ITS to ensure future benchmarking exercises are relevant and successful. 

The draft ITS reflect the Single Rulebook at the reporting level and, therefore, need to be updated whenever the Single Rulebook is updated. Answers to questions about the Single Rulebook raised using the Q&A mechanism have contributed to more precise reporting instructions and definitions. 

In addition to the Q&A-driven changes, updates to the benchmarking portfolios were necessary to facilitate the 2018 benchmarking exercise for both credit and market risk, so that they remain relevant for supervisors.

These amendments are expected to be applicable to the submission of initial market valuation data in November 2017 and of other market and credit risk data in April 2018.

Press release

Regulatory and Implementing Technical Standards on benchmarking portfolios

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