The EBA published the final draft RTS with one and a half year delay on 21 July 2016. The draft is to be submitted to the European Commission for endorsement. The EBA´s mandate to develop such RTS is laid down in Article 144(2) Regulation (EU) No 575/2013 (Capital Requirements Regulation – CRR). Moreover, the draft RTS covers Article 173(3) CRR i.e. it specifies methodologies to assess the integrity of the assignment process and the regular and independent assessment of risks, and Article 180(3)(b) CRR, i.e. it specifies the methodologies to assess the methodology of an institution for estimating the PD. These final draft RTS are intended for competent authorities when assessing an institution’s compliance with minimum IRB requirements according to CRR however provide also essential information for institutions.