EU CRR: EBA launches consultation on amended Guidelines on application of the definition of default
The European Banking Authority (EBA) has launched a consultation on proposed amendments to its Guidelines on the application of the definition of default of the Capital Requirements Regulation (EU) No 575/2013 (EU CRR). The amendments follow the EBA’s mandate under Article 178(7) of the EU CRR, as revised by Regulation (EU) 2024/1623, and aim to ensure institutions retain sufficient flexibility while maintaining robust risk management standards. Responses are sought by 15 October 2025, with a public hearing scheduled for 3 September 2025 (registration deadline: 29 August 2025).