EBA welcomes the revised Basel framework and provides an overview of its impact in the EU
The European Banking Authority (EBA) welcomes the agreement reached on the finalisation of the Basel III framework by the Basel Committee on Banking Supervision (BCBS), which concludes the global post-crisis prudential reforms. ‘Strong international standards are an essential common yardstick that will support a safe and sound cross-border banking on a global scale' Andrea Enria, Chairperson of the EBA, said in welcoming the Basel agreement. ‘The EBA is committed to engaging with Competent Authorities and European co-legislators to ensure a successful implementation of the standards in the EU' Enria added. The EBA published today a summary of the results showing the impact of the agreed reforms on the EU banking sector.
Key findings of the EBA impact assessment
Note to the editors
- The impact assessment published today is based on data as of December 2015. As a consequence, numbers may not fully reflect EU banks' current situation as they do not account for the significant capital increases and adjustments made to business models since 2015.
- The sample used to assess the impact of the revised standards includes 88 European institutions from 17 EU Member States, of which 36 are Group 1 institutions and 52 are Group 2 institutions.
Documents
Cumulative impact assessment of the Basel reform package
(349.83 KB - PDF) Last update 7 December 2017
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