On 25 September 2026 the European Banking Authority opened consultation EBA/CP/2026/19 on draft implementing technical standards that would repeal and replace Commission Implementing Regulation (EU) No 710/2014. That 2014 regulation sets the procedure, timetable and templates supervisors use to reach joint decisions under Article 113 of the Capital Requirements Directive (CRD) for cross-border banking groups….
On 26 August 2026 the European Banking Authority opened a four-month consultation on draft Regulatory Technical Standards that will spell out, article by article, the operational risk management framework every institution subject to the Capital Requirements Regulation has to run. The mandate sits in Article 323(2) of Regulation (EU) No 575/2013 (the CRR), as amended…
On 28 May 2026 the Prudential Regulation Authority closed the first phase of its PRA Pillar 2A review with policy statement PS15/26. The changes it confirms come into force on Friday 1 January 2027, the same day the PRA switches on the Basel 3.1 standards, and they land in the part of the capital stack…
On 18 May 2026, the Prudential Regulation Authority published a Dear CEO letter addressed to the chief executives of all banks and designated investment firms, signed by David Bailey, Charlotte Gerken and Rebecca Jackson. The PRA continues to expect a 100 per cent own-funds requirement under the market-risk framework for unbacked cryptoassets. Separately, where a…
On 26 June 2026 the ECB announced a review of roughly 130 of its banking supervision publications, and in mid-July it followed through on the part that touches every capital and liquidity team: an updated ECB clarification on ICAAPs and ILAAPs and respective package submissions, alongside an updated version of the ECB Guide to the…
Every spring, a Luxembourg reporting team assembles a document that no COREP or FINREP template captures: the institution’s own account of whether it holds enough capital and enough liquidity to survive the risks it actually runs. That account is the ICAAP and ILAAP file, and in Luxembourg its rules sit in Circular CSSF 07/301. The…
Every summer a reporting team somewhere builds its data roadmap around the wrong supervisory priorities, then spends the following cycle explaining the gap. The EBA supervisory convergence report is the document that lets you avoid that. Published on 29 June 2026 as EBA/REP/2025/16, the 2025 edition sets out where prudential supervisors across the EU actually…
The rulebook your ICAAP package, your ILAAP submission and your Pillar 2 reconciliation were written against is being repealed. On 26 June 2026 the European Banking Authority published its revised SREP guidelines (EBA/GL/2026/06), and from 1 January 2027 they replace both the existing SREP guidelines (EBA/GL/2022/03) and the standalone guidelines on ICT risk assessment under…
Your COREP templates are filed on time. Your LCR and NSFR ratios are above the minimum. Your Pillar 3 disclosures are published. Then the CSSF sends a letter asking for your ICAAP/ILAAP documentation as part of the SREP cycle, and the room goes quiet. Because unlike the quantitative reports, ICAAP and ILAAP are not templates…