EBA publishes its regular monitoring Report on Basel III full implementation in the EU

According to this assessment, which is carried out using the same methodology as the one applied by the Basel Committee on Banking Supervision, the full Basel III implementation would result in an average increase of 13.7% on the current Tier 1 minimum required capital of EU banks. To comply with the new framework, EU banks would need EUR 3.1 billion of additional Tier 1 capital. The overall impact reflects the economic impact of the Covid-19 pandemic on participating banks that materialised up to December 2020, the reference date of this Report.