European Banking Authority (EBA)’s Post

*** Basel III reform, a big leap forward *** The European Banking Authority (EBA) has recently published its final draft implementing technical standards (ITS) on supervisory reporting requirements together with technical package for its 3.5 reporting framework crucial to implements the latest Basel III reforms. These technical standards address the requirements of Regulation (EU) 2024/1623 and Directive (EU) 2024/1619, amending Regulation (EU) No 75/20131: the Capital Requirements Regulation (CRR3) and Directive 2013/36/EU2: the Capital Requirements Directive (CRD VI), as published in the Official Journal of the European Union on the 19th of June 2024.   These standards introduce or amend supervisory minimum capital and reporting requirements on the following subjects: - output floor - credit risk - market risk - credit valuation adjustment (CVA) risk - operational risk - leverage ratio - transitional supervisory reporting on exposures to crypto-assets   At Avantage, we have been closely monitoring these regulatory developments and we are fully equipped to assist in navigating the new requirements within the evolving of Basel framework. If you need more info, please don’t hesitate to contact: Carmine Lombardi, Marino Vassolo, Andrea Lacorte   #AvantageReply #banking #supervision #EBA #regulation #basel #crr3 #finance

Published on June 21, 2024 by Mayer | Brown, this report includes a brief yet complete summary of all the requirements and changes under Basel III and EU CRR III / CRD VI and the different new approaches/frameworks introduced. #BaselIII #RWA #solvency #CRRIII #capitaladequacy #regulatorystandards #BIS #BCBS #EU #riskmanagement #ESG #creditrisk #marketrisk #outputfloor #operationalrisk #leverageratio

Published in February 2024, the Basel III Guidance Notes represent the comprehensive amendments that will come into play as of December 31, 2024 based on the Basel Committee principles and requirements. #GRC #capitaladequacy #BaselIII #BaselCommittee #riskmanagement #solvency

The PRA has today announced that it will delay the implementation of Basel 3.1 in the UK by six months, to 1 July 2025. The transition period will be shortened by six months to ensure completion of the implementation by 1 January 2030, as previously consulted upon.   The PRA intends to publish near-final rules for market risk, CVA, counterparty risk and operational risk in Q4 2023, with the remaining near-final rules for credit risk, output floor and reporting and disclosure to be published in Q2 2024. https://lnkd.in/eXazBs34 #PRA #Basel

Part 2: Differences in Stress Testing Approaches used for Dodd Frank Act and Basel III *The information presented is summarized and subject to change as per amendments in regulations: *For detailed information on anything mentioned below, kindly refer to the reports available on the regulatory websites.

With the US Basel III introducing broad revisions, consulting firms must assist banks in streamlining their capital frameworks. It's all about enhancing system strength & resilience. 💪 #Baseliii #BankingConsulting #RegulatoryCompliance

🚨 Regulatory Radar 🚨 The implementation date of the final Basel 3.1 policies by six months to 1 July 2025. The Bank is reducing the transitional period to 4.5 years to ensure full implementation by 1 January 2030 in line with the proposals set out in CP16/22. Bank of England #basel #regulation #compliance #riskmanagement #financialrisk

There is more to Basel III Endgame than just new capital requirements for banks with assets equaling or exceeding $100 billion. Read the latest update from FORVIS on the significant changes that will need to occur with respect to a bank’s #DataManagement and #RegulatoryReporting processes.

Impacted by the Basel III Endgame? If so, read the below to understand more how it might impact you and reach out if you need more information. #datamanagement and #regulatoryreporting