General Information & Client Services
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
May 09, 2018

EC launched a consultation to seek input from stakeholders on the impact of recent amendments to the Basel III framework. This is an exploratory consultation seeking first views on the last piece of Basel III banking regulatory reform, which was agreed by BCBS in December 2017. This consultation is not linked to a legislative proposal. Stakeholders must use the accompanying questionnaire to send their feedback. Comments are due by April 12, 2018 and EC has received 56 responses to the consultation.

The consultation aims to gather views from interested parties on the potential impact that amendments may have on the EU banking sector and the wider economy, in addition to highlighting possible implementation challenges. The implementation of this agreement in the EU would require amendments to current banking regulations, particularly the Capital Requirements Regulation or CRR. The amendments in the BCBS Basel III finalization package of December 2017 include revisions to the standardized approach for credit risk, revisions to the internal ratings-based approaches for credit risk, minimum haircut floors for non-centrally cleared securities financing transactions, an overhaul of the credit valuation adjustment framework, a new standardized approach for operational risk, and replacement of the "Basel II" floor with an aggregate more risk-sensitive output floor. Before considering the related amendments to current banking regulations, EC will perform a thorough impact assessment, in accordance with its Better Regulation agenda. The results of this consultation will inform the overall assessment of EC.

 

Related Links

Keywords: Europe, EU, Banking, Basel III Finalization, Impact Assessment, CRR, Responses to Consultation, EC

Related Insights
News

EBA Single Rulebook Q&A: First Update for November 2018

EBA published answers to seven questions under the Single Rulebook question and answer (Q&A) updates for this week.

November 09, 2018 WebPage Regulatory News
News

FED Finalizes the Large Financial Institution Rating System

FED finalized the new supervisory rating system for Large Financial Institutions (LFIs), to better align with the current supervisory programs and practices for these firms.

November 09, 2018 WebPage Regulatory News
News

ECB Publishes Guides for Capital and Liquidity Management by Banks

ECB published the guides for capital and liquidity management by banks in EU.

November 09, 2018 WebPage Regulatory News
News

EC Amends Regulation on Prudent Valuation for Supervisory Reporting

EC published the amended Implementing Regulation (EU) 2018/1627 on prudent valuation for supervisory reporting. Regulation 2018/1627 amends the Implementing Regulation 680/2014.

November 09, 2018 WebPage Regulatory News
News

FED Intends to Publish the Financial Stability Report in November 2018

FED intends to begin publishing a semiannual report presenting its view of the outlook for U.S. financial stability, on November 28. The financial stability report will include a summary of the FED framework for assessing the resilience of the financial system in the United States.

November 09, 2018 WebPage Regulatory News
News

ESMA Asks Clients of CRAs and TRs to Prepare for No-Deal Brexit

ESMA issued a public statement to raise awareness, among the market participants, on the readiness of credit rating agencies (CRAs) and trade repositories (TRs) for the possibility of no agreement being reached in the context of the United Kingdom withdrawing from the European Union (Brexit).

November 09, 2018 WebPage Regulatory News
News

EIOPA Publishes Result of the Work of EU-US Insurance Dialog Project

EIOPA published four papers resulting from the work of the EU–U.S. Insurance Dialog Project (EU-U.S. Project) in 2018.

November 08, 2018 WebPage Regulatory News
News

EIOPA Publishes Q&A on Regulations in November 2018

EIOPA published new sets of questions and answers (Q&A) on implementing and delegated regulations applicable to insurers in Europe.

November 07, 2018 WebPage Regulatory News
News

APRA Finalizes CPS 234 to Help Combat Threat of Cyber Attacks

APRA has released the final version of its prudential standard focused on information security management.

November 07, 2018 WebPage Regulatory News
News

EC Updates Rule on Forms and Templates for Resolution Plans by Banks

EC finalized the Implementing Regulation (EU) 2018/1624 that lays down implementing technical standards on procedures and standard forms and templates for the provision of information for the purposes of resolution plans for credit institutions and investment firms.

November 07, 2018 WebPage Regulatory News
RESULTS 1 - 10 OF 2192