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    EBA Updates List of Correlated Currencies

    April 10, 2018

    EBA updated the list of closely correlated currencies that was originally published in December 2013 and updated in October 2016. The list is part of the implementing technical standards (ITS) that were drafted for calculating the capital requirements for foreign-exchange risk according to the standardized rules. The list was updated according to the procedure and methodology laid down in the ITS and submitted to EC for endorsement. For this purpose, implementing Regulation (EU) 2015/2197 is being amended by replacing the text in the Annex with the updated list of correlated currencies. This regulation shall enter into force on the on the twentieth day following that of its publication in the Official Journal of the European Union.

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    Keywords: Europe, Banking, Implementing Technical Standards, Correlated Currencies, Regulation 2015/2197, EBA

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