The EBA publicly consulted on the draft proposal contained in this paper.
The consultation period lasted for three months from 27 May 2021 to 27 August 2021. Two responses were received, which were both published on the EBA website.
This paper presents a summary of the key points and other comments arising from the consultation, the analysis and discussion triggered by these comments and the actions taken to address them if deemed necessary.
In some cases, several industry bodies made similar comments or the same body repeated its comments in the response to different questions. In such cases, the comments and EBA analysis are included in the section of this paper where EBA considers them most appropriate.
Changes to the draft guidelines have been incorporated as a result of the responses received during the public consultation.
Summary of key issues and the EBA's response
Respondents in general welcomed the draft guidelines and were supportive of the aim of establishing a formal frame
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