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Technical Standards, Guidelines & Recommendations

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• RTS and ITS on the authorisation of credit institutions

  These standards aim at harmonising the information requirements in the authorisation process across the EU, thus facilitating the application process and ensuring a level playing field.

  Status: Final draft adopted by the EBA and submitted to the European Commission

• ITS on the procedures and forms in respect of acquisitions and increases of qualifying holdings

  These draft Implementing Technical Standards (ITS) outline the procedures, forms and templates that competent authorities in the EU should use when consulting each other on acquisitions and increases of qualifying holdings in credit institutions. The objective of these ITS is to streamline information exchanges and ensure effective communications between concerned authorities, both on a cross-border basis and across sectors. These ITS also lay down in detail the process and timeframes for notifying an information request and for responding to it, and provide a set of relevant templates for this purpose. Requirements for the designation of contact points within competent authorities, as well as requirements for language and means of communication are also developed.

  Status: Adopted and published in the Official Journal

• Joint Guidelines for the prudential assessment of acquisitions of qualifying holdings

  These proposed joint Guidelines define common procedures based on the assessment criteria laid down in the EU legislative framework that establishes how acquisitions and increases of qualifying holdings by natural or legal persons in financial institutions should be assessed. They also develop further the assessment process defined in the EU legislative framework and aim to harmonise supervisory practices in the financial sector across the EU to provide more clarity to proposed acquirers on how they should notify the competent supervisory authorities.

  Status: Final and translated into the EU official languages

• Regulatory and Implementing Technical Standards on benchmarking portfolios

  Internal approaches used for the calculation of own funds requirements for market and credit risk are subject to an annual assessment by competent authorities. The EBA assists competent authorities in their assessment by providing a report including benchmarks which help to identify any material differences in RWA outcomes. The legal framework for the above is provided by Directive 2013/36/EU (CRD) and in particular Article 78 thereof as well as by the following technical standards provided by the EBA: a) Regulatory technical standards (RTS) laying down standards for competent authorities as regards the assessment of the internal approaches adopted by institutions and the procedures for sharing of those assessments between competent authorities; b) Implementing technical standards (ITS) specifying the benchmarking portfolios and reporting instructions for institutions to be applied in the annual benchmarking exercises.

  Status: Adopted and published in the Official Journal