20211109_LargeModelST
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Background<br />
• The phase-in of Basel III finalisation deferred by one year to January 2023 amid the Covid-19<br />
pandemic<br />
• European Commission asked the European Banking Authority (EBA) and the ECB back in 2019 for<br />
the impact assessment of the reforms: Basel III reforms: impact study and key recommendations<br />
• The new call for the constant balance sheet (EBA) and macroeconomic (ECB) impact assessment in<br />
2020<br />
2019<br />
The impact assessment<br />
for ‘normal’<br />
macroeconomic<br />
conditions<br />
2021<br />
The impact assessment<br />
for two macroeconomic<br />
scenarios: pre-Covid<br />
and Covid pandemics<br />
Focus on ‘plain vanilla’<br />
Basel III design<br />
Starting point 2017<br />
‘Plain vanilla’ and EUspecific<br />
designs<br />
Starting point 2019<br />
21<br />
www.ecb.europa.eu ©
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