EU tweaks could shave €20bn from Basel IV costs, says EBA

Tyler Davies

December 16, 2020 01:30 PM

EU_flags_PA_575x375_161220 — Flags of Europe waving as seen on a pole. The European Flag is the symbol of Council of Europe COE and the European Union EU as seen in the Belgian capital in front of modern architecture buildings with glass and steel construction the Le Berlaymont building, European Commission headquarters next to Forum Europa at the European Quarter in Brussels, where the headquarters of the pan-European institutions and organizations are located. Brussels, Belgium on October 2020 (Photo by Nicolas Economou/NurPhoto) | Nicolas Economou/NurPhoto/PA Images

The European Banking Authority said this week that tailored EU rules could help to reduce the capital impact of applying Basel III by about a third. Its analysis will serve as the basis for a new policy proposal from the European Commission in the first half of next year.

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Tyler Davies