|
By Laura LEOTTA Jean-Philippe MAES, PwC Luxembourg*
CRR III – A long road, many goals
The recent amendments(1) to the Capital Requirements Regulation (EU) 575/2013, aka the CRR text, marked the end of a long process started by the European Commission in 2020(2) and aimed at transposing the last batch of Basel III(3) reforms at EU-level.
Not an easy task, given the complexity of the topic (risk-weighted assets and the prerequisite to address the worrying levels of variability observed by the BCBS(4)), coupled with the necessity to tailor the set standards for the specific corporate forms, structures and business models existing across the European Union.
Looking ahead, the official...
|