IRRBB Guidelines

In accordance with the announced update of the pillar 2 requirements, the European Banking Authority (EBA) published revised guidelines on the management of interest rate risk arising from non-trading activities (IRRBB), the Supervisory Review and Evaluation Process (SREP) as well as institutions’ stress testing, on 19 July 2018. The update of the EBA IRRBB guidelines constitutes a partial implementation of the IRRBB requirements of the Basel Committee on Banking Supervision (BCBS) on European level. Full compliance with Basel requirements will be achieved with the revision of CRD V/ CRR II in 2019/2020. More precisely with the enactment of the related technical standards provided by EBA, one to two years after the new framework comes into effect.

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