The finalisation of BASEL III - CRR III (CRR3)

Official name

Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor

Type

Regulation

Level 1

Initiator

Submitted

16.03.2018

Doc. code

2024/1623

Summary

Status

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Current version

Final version

31.05.2024

Next step

Entry into force

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Application date

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Scope

Relevant for

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Level 1

CRR (binding, Main version, EU)

Level 2

Amendment of RTS on the standardised approach for counterparty credit risk (SA-CCR) regarding CRR3 (binding, Amendment, EU)

Amendment of RTS on FRTB regarding CRR3 (binding, Amendment, EU)

Revision of the ITS on Supervisory reporting regarding CRR3 (binding, Supplement, EU)

Amendment of ITS on pillar 3 disclosure regarding CRR3 (binding, Amendment, EU)

RTS on residual risk add-on exemption (binding, Supplement, EU)

CRR3 - RTS concerning adjustments to the business indicator (binding, Supplement, EU)

CRR3 - ITS on reporting references concerning the business indicator for operational risk (binding, Supplement, EU)

CRR3 - RTS concerning the determination of the business indicator for operational risk (binding, Supplement, EU)

CRR3 - amendment of ITS on pillar 3 disclosure for operational risk (binding, Amendment, EU)

CRR3 - amendment to the ITS on supervisory reporting for operational risk (binding, Amendment, EU)

Technical standards for off-balance sheet items under the standardised approach for credit risk (binding, Supplement, EU)

CRR3 - RTS on the method for identifying the main risk driver of a position and for determining whether a transaction represents a long or a short position (binding, Supplement, EU)

CRR3 - RTS on equivalent mechanism for unfinished property under the standardised approach of credit risk (binding, Supplement, EU)

CRR3 - RTS on establishing a risk taxonomy for operational risk (binding, Supplement, EU)

CRR3 - RTS on the inclusion of losses from mergers and acquisitions for operational risk (binding, Supplement, EU)

CRR3 - RTS on the conditions under which the calculation of annual operational risk losses would be unduly burdensome for an institution (binding, Supplement, EU)

CRR3 - RTS on CVA risk of securities financing transactions (binding, Supplement, EU)

Amendment of the Besluit EU-verordeningen Wft (Uitvoeringsbesluit verordening kapitaalvereisten 2025) (binding, Amendment, NL)

Deferral of application of CRR3 amendments regarding own funds requirements for market risk (binding, Supplement, EU)

Amendment of the Master Data Reporting Regulation 2016 due to CRR3 (binding, Amendment, AT)

RTS on extraordinary circumstances for continuing the use of an internal model (binding, Supplement, EU)

Pillar 3 data hub (P3DH) (binding, Supplement, Amendment, EU)

Level 3 / Other

Finalising Basel III (non-binding, INT)

Statement on the finalization of BASEL III - CRR III (CRR3) (non-binding, EU)

Implementation timeline of EBA mandates under EU Banking Package (CRR3, CRD6) (non-binding, EU)

CRR3 - Guidelines on acquisition, development and construction exposures to residential property under the CRSA (binding, Supplement, EU)

Operational application of CRR 3 in the area of credit risk modelling (non-binding, EU)

Industry survey on the classification of exposures to ESG risks (non-binding, EU)

Recommendation to enhance the Pillar 1 framework by environmental and social risks (non-binding, EU)

Amendment of ITS on joint decision process for internal model authorisation regarding CRR3 (non-binding, EU)

Report on credit insurance (non-binding, EU)

Basel III Monitoring Exercise (non-binding, EU)

Source: EU, 2024/1623, 2024