On 4 April 2025, the European Banking Authority (EBA) published its 2024 reports on the annual market and credit risk benchmarking exercises. The reports summarise the conclusions drawn from a hypothetical portfolio exercise conducted by the EBA during 2023/24. The exercise was performed on a sample of 43 European banks from 13 jurisdictions. For the first time, the EBA has released a specific report on the fundamental review of the trading book Alternative Standardised Approach.