On January 28, 2016, the European Banking Authority published a letter dated December 18, 2015 addressed to the European Commission in which the EBA requests delays to the dates by which the EBA is required to prepare technical standards and reports under the CRR, the Capital Requirements Directive, the EU Bank Recovery and Resolution Directive, the European Market Infrastructure Regulation and the Credit Rating Agencies Regulation. The EBA states that for the most part it has not been able to deliver its mandates according to deadlines due to a persistent shortage in resources and the need to prioritize other workstreams. The EBA invites the Commission to request the EBA to fulfil its mandates within new time limits.

The EBA’s letter is available at:

http://www.eba.europa.eu/documents/10180/1349330/Letter+to+Olivier+Guersent+DG+FISMA+re+Postponement+EBA+produ cts.pdf/014df70e-4530-4655-bb67-5f102d5b311d