The European Banking Authority (EBA) has published an amended version, submitted to the European Commission, of its implementing technical standards (ITS) on benchmarking of internal approaches. The amended ITS will assist Member State competent authorities in their 2017 assessment of internal approaches both for credit risk, and for market risk. Given the type of the changes introduced in the instructions and templates, the relevant Annexes are replaced in their entirety in order to have a consolidated version of the updated draft ITS package. The EBA plans to annually update the ITS to ensure the success and quality of future benchmarking exercises.

View EBA amends technical standards on benchmarking of internal approaches, 4 August 2016