August 2022

The European Commission published its CRR3 legislative proposal in October 2021 and later an amendment of proposal in May 2022 which aim to implement the outstanding components of the Basel capital reforms (Basel 4) in the EU.

Simultaneously, the EBA published draft technical standards (RTS) on 22 October 2021 on two crucial elements of the Fundamental Review of the Trading Book (FRTB) Standardised Approach (SA), which EU banks required to complete implementation of the SA.

Read the short overview here for an overview of the significant changes and impacts for firms in these publications.

Reach out to your local KPMG firm contacts to discuss.


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