The European Banking Authority published final draft Implementing Technical Standards amending the Implementing Regulation governing the joint decision process for internal model authorisation under the Capital Requirements Regulation. The changes align the joint decision framework with updates to the EU legal framework introduced by CRR III and form part of the first phase of the EBA roadmap for implementing the EU Banking Package. The amendments revise the scope for use of internal models for regulatory purposes under CRR III by removing the possibility to apply internal models for operational risk, deleting references to the Advanced Measurement Approach. The draft also updates cross-references to Implementing Technical Standards and Regulatory Technical Standards on the functioning of supervisory colleges to reflect changes in the supervisory colleges regulatory framework, and is developed under Article 20(8) of Regulation (EU) 575/2013 as amended by Regulation (EU) 2024/1623.
European Banking Authority 2025-03-17
European Banking Authority issues final draft standards updating the joint decision process for internal model authorisation under CRR III
The European Banking Authority published final draft Implementing Technical Standards amending the joint decision process for internal model authorisation under the Capital Requirements Regulation. The amendments align with CRR III updates, removing the use of internal models for operational risk and updating cross-references to supervisory colleges standards. This forms part of the EBA roadmap for implementing the EU Banking Package.