Economy - published on 28 October 2021
Today’s package finalises the implementation of the Basel III agreement in the EU. This agreement was reached by the EU and its G20 partners in the Basel Committee on Banking Supervision to make
banks more resilient to possible economic shocks. Today’s proposals mark the final step in this reform of banking rules.
The review consists of the following legislative elements:
a legislative proposal to amend the Capital Requirements Directive (Directive 2013/36/EU);
a legislative proposal to amend the Capital Requirements Regulation (Regulation 2013/575/EU);
a separate legislative proposal to amend the Capital Requirements Regulation in the area of resolution (the so-called “daisy chain” proposal).
A press
release, Q&A,
and factsheet
with further details are available online.
You can follow the press conference with Executive Vice-President Dombrovskis and Commissioner McGuinness live on EbS.