On Monday 7 May, the European Banking Authority (EBA) announced that it had received a request for a technical opinion from the European Commission to assess the impact of the new standards of the 'Basel III' prudential framework, which was finalised in early December 2017 by the global financial regulatory authorities of the Basel Committee (see EUROPE 11921).
In a letter dated 4 May, the Commission asks the EBA to start by assessing the potential impact of the various components of the EU banking sector reform and the economy in general, but also to identify any implementing challenges for banks in the EU.
As the first stage of this evaluation is quantitative and quantitative, the EBA will launch a global process for the collection of the banks' data by July.
The Commission has given the EBA until 30 June 2019 to provide its analysis. However, this deadline may be extended by three months if the analysis of the revisions on the adjustment of the evaluation of credit and the rules on the market risk cannot be achieved within the stated timeframe.
If so, the EBA would still have to abide by the initial timetable for its preliminary analysis of the cumulative impact of the main revisions and a preliminary analysis of the revision of the output floors, the subject of much concern in the European banking sector. (Original version in French by Marion Fontana)