26 May EBA ITS Market Risk Reporting Effective Date Changed Due To COVID-19
May 4, 2020 -European Banking Authority (EBA) published its final draft Implementing Technical Standards (ITS) on specific reporting requirements for market risk. These ITS introduce the first elements of the Fundamental Review of the Trading Book (FRTB) into the EU prudential framework by means of a reporting requirement and will become part of version 3.1 of the EBA reporting framework.
As announced in EBA Statement on the application of the prudential framework on targeted aspects in the area of market risk in response to the COVID-19 outbreak, the reporting requirements are expected to apply from September 2021.
Jurisdictions affected: EEA/EU Countries
For more information on this announcement visit: EBA publishes final draft technical standards on specific reporting requirements for market risk.