16/03/2018 (Agence Europe) – On Friday 16 March, the European Commission launched an exploratory public consultation seeking to assess the impact of the new standards of the Basel III prudential framework, which was finalised in early December by the world's financial regulatory authorities meeting within the Basel Committee (see EUROPE 11921). The implementation of these new rules on the capital that must be held by banks in the EU will require changes to the current banking regulations, such as the capital requirements regulation (CRR). Beforehand, however, the Commission plans to carry out a detailed impact assessment to analyse the consequences of this agreement on the EU economy, of which this consultation will be the first stage. Stakeholders have until 12 April to submit their comments at: http://bit.ly/2FFRJPA . (MF)