The EBA updates list of correlated currencies

The European Banking Authority (EBA) published today the 2026 update of the list of closely correlated currencies, which is used for the calculation of capital requirements for foreign exchange risk under the standardised approach. The update has been carried out in line with the methodology and procedure set out in the applicable Implementing Technical Standards (ITS). The revised list has been submitted to the European Commission for endorsement.

Background and legal basis

Article 354 of Regulation (EU) No 575/2013 (Capital Requirements Regulation – CRR) mandates the EBA to develop implementing technical standards specifying closely correlated currencies for the purposes of calculating capital requirements for foreign‑exchange risk under the standardised approach.