Banking Union – annual report 2023

Tabled by Philippe Lamberts

25. Removed: Welcomes Added: Notes the agreement reached at interinstitutional level to implement Basel III standards in the EU; Removed: underlines that the framework will deliver different levels of increase in prudential requirements depending on banks’ reliance on the use of internal models to calculate their risk-weights; highlights that the new rules have strengthened and better specified proportionality in banking supervision and will continue to increase financial stability in the EU; underlines the importance of a level playing field between jurisdictions; Added: calls for the co-legislators to reconsider the deviations from international prudential standards which they have introduced, given that new risks have emerged since the adoption of the Basel III framework; recalls that the specificities of EU banks were taken into account in the calibration of Basel capital requirements;

Wording as published by the EP, in English. PE756.737