EBA consults on draft Technical Standards on closely correlated currencies and on appropriately diversified indices
The European Banking Authority publishes today two consultation papers on draft Implementing Technical Standards (ITS) to identify (i) a list of relevant closely correlated currencies for the purposes of calculating the capital requirements for foreign-exchange risk; and (ii) a list of relevant appropriately diversified indices for the purposes of calculating the capital requirements for equity risk. The consultations of both draft ITS run until 8 September 2013.