Foreign banks operating in the EU face stricter requirements by the end of next year under finalised Basel III rules, as the bloc looks to harmonise capital requirement rules across member countries.
The provisions, published in the Official Journal of the European Union on June 19 under the Capital Requirements Directive, or CRD6, will need to be transposed into national law by each country by end-2025. They introduce changes in liquidity, capital and reporting requirements for branches of non-European banks operating in the bloc.