On 9 January 2024, the European Banking Authority published final draft regulatory technical standards (RTS) and final draft implementing technical standards (ITS) on the functioning of supervisory colleges under the Capital Requirements Directive (CRD) IV.

Commission Delegated Regulation (EU) 2016/98 and Commission Implementing Regulation (EU) 2016/99 specify the functioning of supervisory colleges. The final draft RTS and ITS update these delegated acts to reflect the new requirements laid down in the CRD V and the Capital Requirements Regulation 2, as well as to take into account the EBA’s ongoing college monitoring activity and the lessons learned from the implementation of the standards.

The draft RTS and ITS will be submitted to the European Commission for endorsement following which they will be subject to scrutiny by the European Parliament and the Council before being published in the Official Journal of the EU.