On Wednesday 20 December, the European Banking Authority (EBA) published an impact assessment of the new standards of the so-called Basel III prudential framework, which was officially finalised at the beginning of December by the world’s financial regulatory authorities meeting at the Basel Committee (see EUROPE 11921).
On the basis of data fed in by 148 banks in 17 member states of the EU on 31 December 2015, the report presents aggregate data on European banks assuming the full...