Article summary
The European Banking Authority (EBA) has launched a public consultation on its draft implementing technical standards (ITS) on supervisory reporting with respect to interest rate risk in the banking book (IRRBB). The EBA says proportionality is a key consideration in the proposed new reporting, in order to make reporting requirements better suited to the size and risk of the institutions. The consultation paper proposes new, harmonised reporting requirements for the assessment and monitoring of institutions’ IRRBB across the EU. This new reporting will provide supervisors the necessary data to monitor IRRBB risks in credit institutions, taking into consideration proportionality. The consultation closes on 2 May 2023.
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