On 8 August 2025, the European Banking Authority (EBA) published its final draft Implementing Technical Standards (ITS), amending the Implementing Regulation on the benchmarking of credit and market risk for the 2026 exercise.
Article 78 of the Capital Requirements Directive requires the EBA to specify the benchmarking portfolios, templates and definitions to be used as part of the annual benchmarking exercises which forms the basis for both the supervisory assessment and the horizontal analysis of the outcome of internal models.
The EBA states that the most significant change is in the area of market risk, where the EBA is proposing to restrict the data collection to the information on the alternative standardised approach to be provided by those banks that were granted the internal model approval. In the area of credit risk, the EBA is suggesting only minor changes.