​The EBA consults on amendments to data collection for the 2027 market risk benchmarking exercise

​The proposed amendments include:

• ​updating the framework for the expanding scope of the market risk benchmarking exercise to institutions applying the CRR3 Alternative Standardised Approach (ASA), regardless of whether they use an internal model; 

• ​resuming the collection of data under the CRR2 Internal Model Approach (IMA); 

• ​postponing the 2027 benchmarking exercise to the second half of 2027; 

• ​postponing the collection of data under the CRR3 Alternative Internal Model Approach (AIMA), given the uncertainty surrounding its effective implementation; and 

• ​reorganising and rationalising the market risk reporting templates.

​This consultation updates the information to be collected for the 2027 market risk benchmarking exercise. While the proposed amendments are numerous, they are limited in substance and primarily technical and pragmatic. Some changes, such as the resumption of CRR2-IMA reporting, restore existing reporting requirements, while others reflect incremental updates to the framework, including the reorganisation of reporting templates.

​The amendments also take account of the application of the European Commission's FRTB Delegated Act from 1 January 2027. In addition, some of the proposed changes, including the CRR3-AIMA templates, have already undergone public consultation.

​Given the targeted nature of the amendments, a shortened consultation period of six weeks is considered appropriate. This will also enable the final ITS to be adopted earlier, giving newly included institutions additional time to prepare for participation in the 2027 exercise.

​Consultation process 

​Responses to the consultations can be sent to the EBA by clicking on the "send your comments" button on the consultation page.

​All contributions received will be published after the consultation closes, unless requested otherwise. The deadline for the submission of comments is 3 September 2026.

​A public hearing on this consultation will take place on the 28 July 2026 from 14:00 to 15:30 CEST. Deadline for registration is 27 July at 16:00 CEST.​

Legal basis and background

These draft ITS have been developed in accordance with Article 78 of the Capital Requirements Directive (CRD), which requires the EBA to specify the benchmarking portfolios, templates and definitions to be used as part of the annual benchmarking exercises. Competent authorities use these exercises to conduct annual assessments of the quality of internal approaches used for the calculation of own funds requirements.

The EBA benchmarking exercise supports both supervisory assessments and the horizontal analysis of the outcomes of internal models. It enables competent authorities to monitor the variability of own funds requirements resulting from the use of internal models and to assess the impact of supervisory and regulatory measures on capital requirements and solvency ratios across the EU.