On 7 May 2018, the European Banking Authority (EBA) published a press release stating that it welcomes the European Commission’s call for advice on the implementation in the EU of the Basel III framework, which was finalised in December 2017.

In response to the Commission’s call for advice, the EBA states that it will provide both a quantitative and qualitative assessment of the new Basel III framework. As a preliminary step, the EBA is planning to launch, by July, an overall data collection to which also smaller and less complex banks, as well as institutions with specific business models, will be invited to participate.