The European Banking Authority acknowledged the European Commission’s decision not to endorse draft Regulatory Technical Standards submitted on March 19, 2026, that would have shortened the processing period for prior permission applications to reduce own funds and eligible liabilities instruments. The targeted amendments sought to accelerate procedures under standards adopted in 2021, whose application period industry and competent authorities considered unnecessarily lengthy. The EBA will instead proceed with a broader review of the standards, in line with the Commission’s proposal, with the aim of delivering simplification and efficiency gains at a later stage.
2026-09-09European Banking Authority
European Banking Authority to pursue broader review after Commission declines targeted prior permission amendments
The European Commission has declined to endorse the European Banking Authority’s targeted amendments to shorten prior permission applications for reducing own funds and eligible liabilities instruments. The EBA will pursue simplification and efficiency gains through a broader review of the standards.