On 17 February, the EBA published its opinion on the review of the appropriateness of the definition of ‘eligible capital', as set out in the Capital Requirement Regulations.  The European Commission had queried whether the definition of 'eligible capital' is appropriate for dealing with 'large exposures', determining capital requirements relating to investment firms with limited investment services and also determining the prudential treatment for qualifying holdings outside the financial sector.  EBA has suggested that a comprehensive review of the EU large exposures regime at an appropriate point in time, in order to align it with the Basel Committee on Banking Supervision standards.