On 12 June 2014, the EBA launched a consultation on draft RTS that set out the criteria for national regulators to consider before granting a firm permission to use advanced measurement approaches for calculating its capital requirements for operational risk, including the minimum conditions that a firm must meet. The draft RTS are required under the CRR. Responses to the consultation are due by 12 September 2014.

The consultation paper is available at: http://www.eba.europa.eu/documents/10180/724762/EBA-CP-2014- 08+CP+on+draft+RTS+on+AMA+assesment.pdf.