EBA欧洲银行-EBA-ITS-2016-04-28Final-draft-ITS-amending-Regulation-on-Benchmarking29_6页_545kb

EBA FINAL Draft Implementing Technical Standards Summary

Core Content

The EBA FINAL draft Implementing Technical Standards (ITS) aim to update the benchmarking portfolios and reporting requirements for institutions using internal approaches to calculate own funds requirements under Article 78 of Directive 2013/36/EU (CRD). These standards are designed to support the annual assessment of internal approaches by competent authorities and to ensure consistency and comparability of data across the European Union.

Main Views and Key Information

1. Purpose and Scope

• Annual Assessment: Article 78 of the CRD requires competent authorities to conduct an annual assessment of internal approaches used for own funds calculations.
• Benchmarking Exercise: The EBA produces reports to assist in this assessment, based on data submitted by institutions according to the ITS.
• Focus on 2017: The 2017 assessment will specifically focus on low-default portfolios for credit risk.

2. Changes and Updates

• Portfolio Updates: The ITS have been updated to ensure the benchmarking portfolios remain relevant and up-to-date for the 2017 exercise.
• Market Risk Adjustments: Market risk portfolios require updates in terms of instrument maturities and features.
• Credit Risk Adjustments: Credit risk portfolios need updated counterparties and clusters to reflect current conditions.

3. Implementation and Applicability

• Amendments to Regulation: The amendments to Commission Implementing Regulation (EU) No xxx/2016 are reflected in the updated Annexes.
• Effective Date: The amendments will be applicable for the submission of initial market valuation data in November 2016 and for other market and credit risk data in April 2017.
• No Public Consultation: Due to the limited scope and impact of the amendments, the EBA did not conduct an open public consultation, as it would have been disproportionate.

4. Part of the Single Rulebook

• Single Rulebook: The ITS are part of the single rulebook established in response to the financial crisis, ensuring a robust, uniform regulatory framework across the EU.
• Cross-Border Supervision: Uniform reporting requirements are essential for cross-border supervision and to prevent regulatory arbitrage.
• Regulatory Complexity: A single rulebook reduces regulatory complexity and compliance costs, especially for cross-border institutions.

5. Legal Basis and Adoption

• Legal Framework: The amendments are based on the EBA's draft ITS, which were submitted to the Commission.
• Adoption Process: Once adopted by the European Commission and published in the Official Journal of the EU, these ITS will be directly applicable in all Member States.

Conclusion

The EBA's final draft ITS represent a necessary update to the benchmarking portfolios and reporting templates, ensuring they remain relevant for the 2017 assessment. These changes are aligned with the objectives of the single rulebook and aim to improve data consistency and regulatory efficiency across the EU.