EBA has written to the Commission asking for an extension to its deadlines for the submission of certain draft technical standards (Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS)) required under the fourth Capital Requirements Directive (CRD4) and the Capital Requirements Regulation (CRR) and under the Bank Recovery and Resolution Directive (BRRD). EBA says it is suffering resource shortages. The standards affected are:

  • RTS and ITS on authorisation of credit institutions;
  • ITS on common procedures; forms and templates;
  • RTS on market risk assessment methodology;
  • RTS on the exclusion of transactions with non‐financial counterparties established in third countries;
  • RTS on disclosures on unencumbered assets;
  • RTS on the setting of higher risk weights and loss given defaults (LGDs);
  • RTS on risk weights for specialised lending exposures;
  • RTS on criteria for intragroup inflows and outflows;
  • RTS on materiality thresholds for past due credit obligations;
  • RTS on permanent partial use and roll‐out;
  • RTS on downturn LGDs;
  • RTS on immaterial portfolios for internal ratings-based approach; and
  • RTS on conditional guarantees.

EBA suggests dates during 2016 when it expects to be able to deliver some standards, and explains why it is either not in a position to deliver others or it has stopped work on them.

(Source: EBA Requests Revised Deadlines for CRD4 Technical Standards)