On 17 March 2025, the European Banking Authority (EBA) published a Final Report contains draft implementing technical standards (ITS) amending Implementing Regulation (EU) 2016/100 laying down ITS specifying the joint decision process with regard to the application for certain prudential permissions pursuant to the Capital Requirements Regulation (CRR).

The main issue that the EBA addresses in the draft amending ITS is specifying the joint decision process between the consolidating supervisor and the relevant Member State competent authorities regarding applications for permissions referred to in Article 143(1) and Article 151(9), Article 283, and Article 325az of the CRR with a view to facilitating joint decisions. This mandate follows in the footsteps of the previous one, without altering its content and objective. The main novelty stems from the overall revised scope for internal model set out in the CRR, where the possibility to apply these approaches (Advanced Measurement Approach – AMA) is no longer in place for operational risk.

Next steps

The draft ITS will be submitted to the Commission for endorsement following which the draft ITS will be subject to scrutiny by the European Parliament and the Council before being published in the Official Journal of the EU (OJ). The draft ITS enter into force on the twentieth day following publication in the OJ.