EC to adopt NII outlier test within ‘weeks’

New IRRBB rules could come into force in early 2024; industry hoping EBA draft is softened

European Commission
Photo: EmDee,

The European Commission is preparing to adopt a legal text governing how banks manage interest rate risk within “weeks”, according to sources familiar with the process. The rule will require banks to submit results of a test meant to reveal those most at risk of a sharp fall in net income in the event of changes to interest rates.

Three sources believe the EC’s final version will be less punitive than an earlier proposal drafted by the European Banking Authority (EBA).

[For] December 2023 I

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