The European Banking Authority (EBA) has initiated a public consultation on draft Regulatory Technical Standards (RTS) for operational risk management under Article 323 of the Capital Requirements Regulation (CRR3). The consultation, open until 31 December 2026, outlines harmonized requirements for governance, risk management processes, and assessment systems. Key elements include roles for management bodies, data reporting, and ICT risk addressed via DORA. Proportionality applies to institutions with a business indicator below EUR 750 million, reducing review frequency and data granularity. A virtual public hearing is scheduled for 29 September 2026. The RTS aim to implement the EU Banking Package’s standardized approach, aligning with Basel principles and EBA governance guidelines. Feedback will inform finalization and submission to the European Commission.
© European Banking Authority.
Summary adapted from material on the EBA website (https://www.eba.europa.eu ).
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