Probability & Partners’ Post

Finally, the EU Banking Package 2021 (#CRR3 and #CRD6) has been published in the Official Journal of the EU this week.   #CRR3https://lnkd.in/eHw3h6Q4 The final texts confirm the anticipated implementation date of January 1, 2025. However, the European Commission has postponed the application date of the market risk rules (#FRTB) by one year, now set to take effect on January 1, 2026. The Commission will adopt the delay by way of a delegated act, which will take a minimum of 3 months. https://lnkd.in/dJua9Hac   #CRD6https://lnkd.in/edpCv-ct Member States shall transpose the Directive into their national law by 10 January 2026.   The EBA are developing a set of regulatory products as part of the #EBA Roadmap to assist banks in preparing for the timely implementation of the banking package. The key publications released in the first batch include the ITS on the #supervisory reporting and ITS on the #Pillar 3 Disclosure requirements . Additionally, EBA also advanced the publication of RTS on several key components under the #operational risk.   Please feel free to contact us if you would like to discuss your perspectives and considerations. We will provide further insights in subsequent publications of our short papers.   Pim Poppe Gerd-Jan van Wiggen Amba Zeggen Ronald Sijsenaar Yusi W. Rens Borsje Corné Ruwaard Erik Kooistra, FRM Kevin Rojer Chiara Trovarelli Dr. Andrew Soane Szonja Hajdu Kamuran Emre Erkan Fabiana Liu Koen van Ederen

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