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RegulationsNovember 15 2021

EU finalisation of Basel III leaves banks concerned

The European Commission’s proposals to better insulate EU banks from shocks have been met by the industry with concerns that they gold-plate Basel III rules [from Global Risk Regulator]. 
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EU finalisation of Basel III leaves banks concerned

On October 27, the European Commission released a legislative package to inscribe Basel III rules into the capital requirements directive (CRD) 6 and capital requirements regulation (CRR) 3 along with amendments to its resolution procedures.

The commission said in a statement that the package faithfully implements Basel III while acknowledging specific characteristics of the bloc’s banks. 

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