EBA is consulting on draft Regulatory Technical Standards (RTS) setting out criteria for identifying the geographical location of all relevant credit exposures (credit risk, trading book and securitisation exposures). Banks must hold, at Member State level, countercyclical buffers at rates set by national authorities. Institutions with cross-border activities will have to hold buffers dependent on where their credit portfolios are, rather than where the institutions that hold the exposures are. EBA proposes to use the location of the obligor or debtor as a general principle setting the geographical location. EBA asks for comments by 1 November 2013. (Source: EBA Consults on Geographical Location of Credit)