On 6 February 2025, the European Banking Authority (EBA) issued a report on the short/medium term objectives of the action plan outlined in its interest rate risk in the banking book (IRRBB) heatmap.

The report:

• Describes the materiality of non-maturity deposits (NMD) and the complexity of their modelling.
• Discusses complementary dimensions to the supervisory outlier test on the net interest income metric.
• Clarifies the expected approach to model and project commercial margins of NMD.
• Provides a descriptive analysis of hedging strategies in place as of end 2023.