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EBA consults on updated technical standards for material changes to internal ratings based approach

Published on: 09 December 2024
Published by LNB News

LNB News 09/12/2024

Document Information

Issue Date: 09 December 2024

Published Date: 09 December 2024

Jurisdiction(s): Eire and European Union

Article summary

The European Banking Authority (EBA) has published a consultation on draft regulatory technical standards (RTS) concerning the assessment of material model changes and extensions to the Internal Ratings Based (IRB) approach. The proposed updates aim to align the existing RTS with amendments introduced by the third Capital Requirements Regulation (Regulation (EU) 2024/1623) (CRR3) and enhance the supervisory effectiveness of the model change approval process. Responses are sought by 10 March 2025. The EBA will hold a public hearing on 15 January 2025, and all contributions received during the consultation will be published unless requested otherwise.

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