(fra kommisjonsforordningen)

(1) Directive (EU) 2024/1619 of the European Parliament and of the Council (2) amended Directive 2013/36/EU, inter alia, to introduce into that Directive requirements concerning ESG risks and to amend the supervisory benchmarking requirements. Those amendments should be reflected in Commission Implementing Regulation (EU) 2016/2070 (3).

(2) Commission Delegated Regulation (EU) 2025/1496 (4) amended Article 520a of Regulation (EU) No 575/2013 of the European Parliament and of the Council (5) to defer the application of the Fundamental Review of the Trading Book standards for the calculation of own funds requirements for market risk. That amendment has as a consequence that, until 1 January 2027, institutions are required to continue to apply the market risk framework laid down in the version of Regulation (EU) No 575/2013 in force on 8 July 2024. It follows that the scope of application of the benchmarking exercise should temporarily remain limited to institutions that are permitted to use the internal approaches (Internal Model Approach) as referred in Article 78(1), point (a), of Directive 2013/36/EU.

(3) Moreover, it is opportune that the data collection for institutions using the internal models approach and falling in scope of the exercise for market risk is restricted to the elements of the Alternative Standardised Approach until 1 January 2027. That would substantially reduce the burden for the participating institutions during that period, but still guarantee comparability of annual data collections and ensure the provision of the data considered most useful by the supervisors.

(4) Commission Implementing Regulation (EU) 2024/3117 (6) contains the templates for supervisory reporting of the use of the IRB Approach to credit risk. It is therefore appropriate to ensure that for credit risk benchmarking, exposure classes used for determining the benchmarking portfolios are aligned with the breakdown followed by the credit risk IRB templates laid down in that Implementing Regulation

(5) Implementing Regulation (EU) 2016/2070 should therefore be amended accordingly.

(6) This Regulation is based on the draft implementing technical standards submitted to the Commission by the EBA.

(7) The EBA has conducted open public consultations on the draft implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits, and requested the advice of the Banking Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council (7),