The EBA has issued an Opinion in agreement with the amendments to the EBA Implementing Technical Standards (ITS) on benchmarking of internal approaches proposed by the EU Commission. These amendments are being introduced in order to improve the quality of the benchmarking analysis performed by the EBA and Competent Authorities. The amended ITS includes data requirements which can be used in the 2016 benchmarking exercise and a requirement on all EU institutions using internal approaches to calculate capital requirements to submit the data on those portfolios to their Competent Authorities by 30 June 2016. The ITS will be amended annually.