The European Banking Authority (EBA) has announced that it has made corrections to Annex 1 of its implementing technical standards (ITS) on benchmarking of internal approaches under Article 78(8) of the Capital Requirements Directive IV in order to define the benchmarking portfolios for the 2018 benchmarking exercise.
The EBA explains that the corrections eliminate some duplicate portfolio identifiers (IDs) in Annex 1 of the ITS, which might lead to technical and practical problems for data validation and when mapping portfolio IDs to the relevant internal models applied by banks. These corrections do not entail any changes to the policy or legal content of the technical standards but facilitate effective data validation. The revised portfolio IDs should be used for data submissions in April 2018.
View EBA corrects portfolio identifiers for 2018 benchmarking exercise, 12 October 2017