European Banking Authority submits final draft RTS on prudential treatment of software assets

2020/10/13

The European Banking Authority (EBA) published its final draft regulatory technical standards (RTS) specifying the prudential treatment of software assets according to Art. 36(4) of the Capital Requirements Regulation (CRR), based on a prudential amortisation of software assets. The final draft RTS have been revised so that prudential amortisation shall be calculated starting from the date on which the software asset is available for use and calibrated over a period of maximum three years. In line with the recent CRR ‘quick fix’, the date of entry into force of the RTS has been moved forward to the day following its publication in the Official Journal of the EU.