On 30 March 2026, the European Banking Authority (EBA) issued a final report containing draft regulatory technical standards (RTS) on amending Delegated Regulation (EU) No 529/2014 supplementing the Capital Requirements Regulation (CRR) with regard to RTS for assessing the materiality of extensions and changes of the Internal Ratings Based (IRB) approach.
The final report follows an earlier consultation issued by the EBA.
With Regulation (EU) 2024/1623 (CRR 3) amending the CRR, the EBA is mandated under Article 143(5) CRR to publish draft RTS amending Delegated Regulation (EU) No 529/2014. The amendments proposed stem primarily from two reasons:
- A review of the Delegated Regulation (EU) No 529/2014 is carried out to align the Regulation with the CRR 3 amendments to the CRR. This includes removing references in Delegated Regulation (EU) No 529/2014 to the IRB approach for equity exposures, and to the Advanced Measurement Approach.
- Amendments are made to enhance the supervisory efficiency of the approval process of model changes and extensions, by leveraging on 10 years of supervisory experience gathered since publication of the original RTS.
Next steps
The draft RTS will be submitted to the European Commission for endorsement before being published in the Official Journal of the European Union.
The revisions proposed in the draft RTS on MC will be complemented by a further review of Delegated Regulation (EU) 2022/439, in order to ensure that Member State competent authorities have all the tools available to conduct a risk-based supervision of model changes.