EBA corrects portfolio identifiers for 2018 benchmarking exercise to ensure effective data validation

The European Banking Authority (EBA) rectified today Annex 1 of its Implementing Technical Standards (ITS) on benchmarking of internal approaches, which had been amended on 4 May 2017 to define the benchmarking portfolios for the 2018 benchmarking exercise.

Today's corrections eliminate some duplicate portfolio identifiers (IDs) in Annex 1 of the ITS, which might lead to technical and practical problems for data validation and when mapping portfolio IDs to the relevant internal models applied by banks. These corrections do not entail any change to the policy or legal content of the technical standards but facilitate effective data validation. The revised portfolio IDs should be used for data submissions in April 2018.