On 16 March 2021, there was published in the Official Journal of the EU Commission Implementing Regulation (EU) 2021/453 of 15 March 2021 laying down implementing technical standards (ITS) for the application of the Capital Requirements Regulation (CRR) with regard to the specific reporting requirements for market risk.

The reporting requirements defined in the ITS will become part of the overall European Banking Authority reporting framework. The specific reporting requirements for market risk include a thresholds template, providing insights into the size of institutions’ trading books and the volume of their business subject to market risk, and a summary template, reflecting the own funds requirements under the alternative standardised approach for market risk.

The Commission Implementing Regulation applies from 5 October 2021.