EBA proposes corrections to the adopted technical standards on identified staff

The European Banking Authority (EBA) issued today amendments to the adopted Regulatory Technical Standards (RTS) on the criteria to identify categories of staff whose professional activities have a material impact on an institution's risk profile. These RTS were published by the European Commission as Delegated Act on 6 June 2014.

During the legal adoption process of these RTS, The European Commission introduced changes, which have inadvertently altered their meaning. The EBA is, therefore, proposing to amend the text of this Delegated Act to ensure it reflects the intention of the text originally submitted to the European Commission in December 2013.