In the context of its ongoing work on comparability of RWAs, the European Banking Authority (EBA) published three reports: (i) an interim report on the consistency of RWAs in SMEs and residential mortgages portfolios; (ii) a report on the comparability of supervisory rules and practices; and (iii) a report on variability of RWAs for market risk portfolios. Furthermore, the EBA also released its report on the pro-cyclicality of banks' capital requirements, which supplements the work on comparability, together with a summary report that compiles all the work on comparability of RWAs for IRB models.

The objective of this work is to address unjustified differences in the denominator of the capital ratios, to understand the sources of such differences and, if need be, to formulate the necessary policy solutions to enhance convergence in supervisory and banks' practices, ultimately improving disclosure too.

The two reports related to IRB models published and the two previously published interim reviews on the consistency of credit risk RWAs together with the pro-cyclicality report have been compiled in a summary report which has been submitted today to the European Commission, in line with the EBA's mandate in the CRR.

The summary report includes the policy responses that the EBA considers as particularly important for addressing concerns about RWA consistency. In this respect, the EBA will focus its future work on the following aspects: