Basel III EU applies banking package from January 2025, postpones market risk rules to preserve the international level playing field.

Basel III

EU applies banking package from January 2025, postpones market risk rules to preserve the international level playing field.

 

On 9 July 2024, with the entry into force of the new banking package, the EU completed its implementation of the Basel III standards into EU law. 

This is a key milestone towards further strengthening the stability and resilience of the EU banking sector. Only resilient and healthy banks can contribute to economic growth and competitiveness.(...)