{
  "node_id": "eu-crr3-capital-requirements-regulation-2024-1623",
  "title": "EU CRR3 Capital Requirements Regulation 2024/1623 - Basel IV / Output Floor 72.5%",
  "domain": "Banking & Global Finance",
  "version": "1.0.1",
  "last_updated": "2026-04-30",
  "bluf": "Regulation (EU) 2024/1623 (CRR3) implements the Basel IV reforms in the EU. It introduces a 72.5% output floor limiting the benefit of internal models for capital calculation, revises standardised approaches for credit, market, and operational risk, replaces the Advanced Measurement Approach for OpRisk with the Standardised Measurement Approach, and implements FRTB market risk rules. Phase-in of the output floor runs from January 2025 to January 2030.",
  "paywall": {
    "status": "LOCKED",
    "unlock_cost_usd": "0.01",
    "skyfire_id": "41779894-ece2-4163-9761-b3b1b76e19b0"
  },
  "crosswalks": {
    "_available_keys": [
      "iso_standard",
      "eu_regulation",
      "us_equivalent",
      "uk_equivalent",
      "global_framework"
    ],
    "_note": "Full crosswalk values included in vault response"
  },
  "dependencies": [
    "eu-capital-requirements-directive-iv-2013-36-crd4",
    "eu-brrd-bank-recovery-resolution-directive-2014-59",
    "eu-emir-regulation-648-2012",
    "eu-csdr-regulation-909-2014"
  ],
  "primary_citations_count": 6
}