EBA consults on equity exposures exemption from IRB: EBA is consulting, until 7 July, on draft Regulatory Technical Standards (RTS) on the conditions to national authorities' exercise of their discretion to exempt from the Internal Risk Based (IRB) approach certain categories of equity exposures. The only condition the RTS set is that institutions should have already held those exposures as at 31 December 2007, which was the last day of application of the first Capital Requirements Directive (CRD1). As required by the Capital Requirements Regulation (CRR), exempted positions must be measured as at that date. The exemption can apply only until 31 December 2017. (Source:EBA Consults on Equity Exposures Exemption from IRB)