May 7th, 2018
On May 7 2018, the EBA welcomed the European Commission’s call for advice on the implementation in the EU of the Basel III framework, which was finalised in December 2017. In its call, the Commission is asking the EBA to prepare a comprehensive analysis to assess the potential impact of the different elements of the Basel reform on the EU banking sector and the wider economy.
In response to the Commission’s call for advice, the EBA will provide both a quantitative and qualitative assessment of the new Basel III framework. As a preliminary step, the EBA is planning to launch, by July, an overall data collection to which also smaller and less complex banks, as well as institutions with specific business models, will be invited to participate.
Throughout this analysis, the EBA will engage with national authorities, the industry and European co-legislators to ensure a successful implementation of the standards in the EU.
For more information, please refer to the original EBA press release, here.