The EBA has published an Opinion clarifying the proposed timeline for the regulatory review of the internal ratings-based approach, stating that it is to be finalised by the end of 2020 at the latest.  The EBA sets out general principles as guidance for the implementation of the regulatory review. The Opinion is supported by a Report, which summarised the concerns outlined in responses to a recent EBA public consultation on this topic, including around the lack of comparability of capital requirements determined under the IRB approach across institutions. In an attempt to address these concerns, the EBA have introduced certain changes to harmonise the credit risk mitigation techniques used, around disclosure, the estimation of risk parameters and the treatment of defaulted assets and definitions, and supervisory practices around default.