EBA Amends Technical Standards On Benchmarking Of Internal Approaches

The European Banking Authority (EBA) published today an amended version, submitted to the EU Commission, of its Implementing Technical Standards (ITS) on benchmarking of internal approaches, for running the 2017 exercise . The amended ITS will assist Competent Authorities in their 2017 assessment of internal approaches both for credit risk, and for market risk. Given the type of the changes introduced in the instructions and templates, the relevant Annexes are replaced in whole in order to have a consolidated version of the updated draft ITS package. The EBA plans to annually update the ITS and to maintain them on a regular basis to ensure the success and quality of future benchmarking exercises.