On 5 June 2023, the European Banking Authority (EBA) published final draft implementing technical standards (ITS) on supervisory benchmarking for the 2024 exercise.

The EBA benchmarking exercise ensures consistent monitoring of the variability of own funds requirements resulting from the application of internal models, as well as of the impact of several supervisory and regulatory measures, which influence the capital requirements and solvency rations in the EU. As such, the exercise forms the basis of both the supervisory assessment and the horizontal analysis of the outcome of those internal models.

The final draft ITS update the previous ITS for the benchmarking data collection with the purpose of improving the exercises and adapting to the relevant policy changes which will be applicable by end 2023 and thus relevant for the 2024 exercise.