The EU should stick to the Basel III agreement

Published: 7/9/2021

Croatian National Bank has joined central banks and supervisors in the EU in their support for full, timely and consistent implementation of all aspects of the Basel III framework. The European Commission is currently preparing a legislative proposal to implement the final parts of the globally agreed Basel III framework for banks, and the statement co-signed by numerous central banks asks that implementation should adhere to both the letter and the spirit of the Basel III agreement. Central banks and supervisors are of the view that diluting the framework would not be in the best interests of Europe.