On 3 December 2020, the European Banking Authority (EBA) published final draft regulatory technical standards (RTS) on how institutions are to calculate the own funds requirements for foreign-exchange and commodity risk stemming from banking book positions under the Fundamental Review of the Trading Book (FRTB) standardised and internal model approaches. The EBA has prepared the draft RTS in accordance with the mandate given to it under Articles 325(9), 325bf(9) and 325bg(4) of the Capital Requirements Regulation. The publication of the draft RTS follows a consultation that the EBA conducted earlier this year (our blog is here).