The European Commission is finalising the legislative package aimed at introducing in the European Union the prudential requirements of the ‘Basel III’ agreement which was sealed at the end of 2017 (see EUROPE B11921A20). It will present two amendment texts, a regulation and a directive, amending the ‘CRR-CRD’ regulatory framework, on Wednesday 27 October, with a one-year delay due to the Covid-19 pandemic.
According to the European institution, this legislative initiative has four...