EBA issues an Opinion on the European Commission’s proposed amendments to the EBA final draft technical standards on fixed overheads requirements

Date: 07 March 2022

On 11 February 2022, the European Banking Authority (EBA) published an Opinion on the amendments proposed by the European Commission as regards the EBA final draft Regulatory Technical Standards (RTS) specifying the methodology for calculating the fixed overheads requirements for investment firms in the context of the implementation of the Investment Firms Regulation (IFR). Despite having identified a substantive change in the Commission’s version of the RTS, the EBA considers the amendments continue to strike a good balance between the flexibility and risk sensitivity required for the calculation of the fixed overheads requirement and the need for a harmonised regulatory framework.