Central banks and supervisors call on the EU to comply with Basel III

In the autumn, the European Commission will publish a proposal for updated capital requirements for banks within the EU. Together with 24 other national central banks and financial supervisory authorities in the EU, DNB calls on the European Commission for full, consistent and timely implementation of the Basel III accord. The 25 co-signatories together represent 20 Member States. In the attached letter DNB and the co-signatories highlight the benefits of implementation and three specific elements of the accord.

This letter complements earlier DNB publications. Recently DNB and the Dutch Ministry of Finance expressed their support for the European implementation of the final Basel III accord in this joint position paper. This DNBulletin explains the importance of the Basel III Accord, also highlighting the fact that the Dutch banking sector is fully prepared.