EU Implementing Regulation Published for Revised Benchmarking Portfolios, Reporting Templates and Reporting Instructions under the Capital Requirements Directive

A Commission Implementing Regulation has been published in the Official Journal of the European Union, setting out changes to Implementing Technical Standards contained in a Commission Implementing Regulation published in 2016. The ITS cover benchmarking portfolios, reporting templates and reporting instructions for the purposes of the supervisory benchmarking exercise under the Capital Requirements Directive. The benchmarking exercise is conducted at least annually to assess the internal approaches used by firms for calculating own funds. The European Banking Authority consulted on the proposed revisions to the ITS in a consultation which closed in January 2018 and subsequently submitted draft revised ITS to the European Commission, on which provisions of the Amending Regulation are based.

The Amending Regulation was adopted by the European Commission on March 23, 2018 and will take effect on June 7, 2018. The Amending Regulation contains a derogation from the requirement for institutions to submit information for market and credit risk to national regulators by April 11. In 2018, institutions will be permitted to submit the information by June 30 rather than April 11.

View the Amending Regulation (EU) 2018/688.

View details of the EBA consultation.