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The Joint Committee of the three European Supervisory Authorities (EBA, ESMA and EIOPA - ESAs) launched today a consultation on draft Implementing Technical Standards (ITS) on the mapping of the credit assessments to risk weights of External Credit Assessment Institution (ECAIs). These ITS will be part of the Single Rulebook in banking aimed at enhancing regulatory harmonisation across the European Union (EU). The consultation runs until 5 May 2014.

The European Banking Authority (EBA) issued a list of incorrect validation rules found in its Implementing Technical Standards (ITS) on supervisory reporting. The Authority informed that as a consequence, data submitted in accordance with these Implementing Technical Standards (ITS) should not be validated against the published set of incorrect rules.

The European Banking Authority (EBA) informs on an addendum to its work plan for 2014 following a series of calls for advice from the European Commission. The additional work will mostly consist of technical advice on a number of topics related to provisions in the CRR/CRD. It will inform the European Commission in the preparation of reports to the European Parliament and the Council and, where appropriate, legislative acts.