CRD6/CRR3 legislation published to implement Basel 3.1 in the EU

The European Commission published a review of EU banking rules (the Capital Requirements Regulation (CRR) and the Capital Requirements Directive (CRD)), implementing the Basel 3.1 framework. Although, the overall level of capital in EU banks is now on average satisfactory, these new rules (CRR6/CRD3) will ensure that EU banks become more resilient to potential future economic shocks, while contributing to Europe's recovery from the COVID-19 pandemic and the transition to climate neutrality.
In this alert you will read more about Basel 3.1 and how the components of the package will be implemented, also conclusion and next steps.