On 24 April 2024, the European Banking Authority (EBA) issued a consultation paper containing draft regulatory technical standards (RTS) on the method for identifying the main risk driver of a position and for determining whether a transaction represents a long or a short position as referred to in Articles 94(3), 273a(3) and 325a(2) under Article 94(10) of the Capital Requirements Regulation (CRR). These RTS are part of the Phase 1 deliverables of the EBA roadmap on the implementation of the EU banking package in the area of market risk. The deadline for comments on the consultation paper is 24 July 2024.