On 24 May 2022, the European Commission adopted an Implementing Regulation amending the implementing technical standards (ITS) laid down in Implementing Regulation (EU) 2016/2070 as regards benchmark portfolios, reporting templates and reporting instructions to be applied in the EU for the reporting referred to in Article 78 of Capital Requirements Directive IV (CRD IV).

Commission Implementing Regulation (EU) 2016/2070 specifies the reporting requirements for institutions to enable the European Banking Authority (EBA) and Member State competent authorities to monitor the range of risk weighted exposure amounts or own funds requirements for the exposures or transactions in the benchmark portfolio resulting from the internal approaches of those institutions and to assess those approaches as required by Article 78 of the CRD IV. The ITS are being amended in light of changes to the EBA’s reports and the Commission’s adoption of International Financial Reporting Standard 9.