On 25 February 2025, the European Banking Authority issued a consultation paper regarding draft Implementing Technical Standards (ITS) on amending Commission Implementing Regulation (EU) 2016/2070 with regard to the bench-marking of internal models – 2026 benchmarking exercise.

The consultation proposes amendments to Implementing Regulation (EU) 2016/2070 on the benchmarking of credit risk, market risk and IFRS9 models for the 2026 benchmarking exercise. The most significant changes, in the market risk framework, are the new templates for the collection of the alternative internal model approach risk measures under the fundamental review of the trading book and the extension of the scope of the exercise to banks that apply solely the Alternative Standardised Approach methodology. For the credit risk framework only minor changes are being proposed.

Next steps

The deadline for comments on the consultation paper is 26 May 2025.

The draft ITS will be submitted to the European Commission for endorsement before being published in the Official Journal of the European Union. The technical standards will apply 20 days after publication in the Official Journal.