The European Banking Authority (EBA) has launched a consultation on amendments to the Implementing Technical Standards (ITS) for the 2027 market risk benchmarking exercise, proposing changes to data collection templates and timelines. The consultation, published on 17 July 2026, runs until 3 September 2026, with a public hearing scheduled for 28 July 2026.
The proposed amendments are primarily technical and pragmatic, aiming to keep the benchmarking framework aligned with evolving regulatory requirements. Key changes include updating the framework to include institutions applying the CRR3 Alternative Standardised Approach (ASA), resuming data collection under the CRR2 Internal Model Approach (IMA), postponing the 2027 exercise to the second half of 2027, and postponing data collection under the CRR3 Alternative Internal Model Approach (AIMA) due to implementation uncertainty. The templates are also being reorganised and rationalised.
The amendments account for the European Commission's FRTB Delegated Act, effective from 1 January 2027. Some changes, such as the CRR3-AIMA templates, have already undergone public consultation. The shortened six-week consultation period is intended to allow earlier adoption of the final ITS, giving newly included institutions additional time to prepare.
The EBA benchmarking exercise, mandated under Article 78 of the Capital Requirements Directive (CRD), supports supervisory assessments and horizontal analysis of internal models used for calculating own funds requirements. It enables competent authorities to monitor variability in capital requirements and assess the impact of regulatory measures across the EU.
The amendments affect EU banks and investment firms subject to market risk capital requirements. Institutions newly included under the ASA will face additional reporting obligations, while those using the IMA will resume data collection after a pause. The postponement of AIMA reporting provides relief for firms uncertain about implementation timelines. Competent authorities benefit from more streamlined data for supervisory assessments. The shortened consultation period may limit the time for industry feedback, though the EBA considers the changes targeted.