Provisional agreement reached by EU negotiators on the implementation of Basel III reforms

Article summary

Negotiators from the EU Council presidency and the European Parliament have reached a provisional agreement on amendments to the Capital Requirements Regulation (CRR) and the Capital Requirements Directive (CRD). The package implements the final set of international standards agreed by the EU and its G20 partners in the Basel Committee on Banking Supervision (Basel III). The European Commission welcomed the agreement, saying it would make EU banks more resilient to possible economic shocks, while contributing to the transition to climate neutrality.