May 4, 2017
The European Banking Authority (EBA) published today an amended version of its Implementing Technical Standards (ITS) on benchmarking of internal approaches. These amendments aim at ensuring a better quality of the submitted data and, ultimately will assist the EBA and competent authorities in their 2018 assessment of internal approaches for credit and market risk. The EBA plans to annually update the ITS to ensure future benchmarking exercises are relevant and successful.
These amendments are expected to be applicable to the submission of initial market valuation data in November 2017 and of other market and credit risk data in April 2018.
The original announcement can be found on the EBA website here.