The European Commission has issued a press release welcoming the finalisation of the Basel reforms. The Commission notes that EU implementation would require amendments to current EU banking regulations, including the EU Capital Requirements Regulation (CRR). However, before proposing such amendments the Commission will consult with the EU institutions, Member States and various stakeholders. Any legislative proposal would be independent from the CRR amendments that were proposed by the Commission in November 2016 and are currently being negotiated by the European Parliament and the Council.

View Commission welcomes Basel Committee’s agreement on post-crisis reforms, 7 December 2017