In response to the global financial crisis, the Basel Committee on Banking Supervision has fundamentally revised the international prudential standards for banks, known as the "Basel framework". The last set of revisions, also called the “finalisation of Basel III reforms”, was agreed in December 2017 and is now in the process of being implemented across jurisdictions.
The European Commission - Directorate General for financial stability, financial services and capital markets union - organises a conference to discuss the impact and challenges of implementing the finalised Basel III standards in the EU. The conference furthermore aims to gather ideas on whether new risks or developments that banks face or are going to face would require regulatory action.
Hosted by Vice-President Dombrovskis, this one-day event is expected to gather members of the next Commission, the European Parliament and the Council, high representatives of supervisory authorities and international bodies as well as CEOs and other representatives of financial institutions and multi-national companies from European and third countries. High-level speakers and panellists will share their views and stimulate discussions on the future policies for the implementation of the finalised Basel III standards in the EU.