In January 2019, the Basel Committee (BCBS) finalised its revised international standard1 on minimum capital requirements for market risk, which opened the channel for other supervisory authorities to consult at national/regional level. In the second half of 2019, the European Banking Authority (EBA) published draft consultation papers, resulting in the final publication in March 2020 of three regulatory technical standards (RTSs)2 on:
To assist KPMG's clients in interpreting the BCBS and EBA RTS requirements, this paper sets out the differences in minimum capital requirements and what this means for firms. We also introduce a KPMG-developed rules decomposition accelerator.
Please download the PDF here for a summary comparison of the requirements.