The European Banking Authority (EBA) launched a consultation on amendments to the Implementing Technical Standards (ITS) governing the benchmarking of internal models and the standardised approach for market risk for the 2027 exercise. The proposed amendments aim to ensure that the benchmarking framework remains aligned with the evolving regulatory framework, while providing institutions and supervisors with adequate time to prepare for the implementation of the upcoming market risk requirements. This consultation runs until 3 September 2026.  

​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.