What EU CRR3 Capital Requirements Regulation 2024/1623 - Basel IV / Output Floor 72.5% requires
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.
Pillar: Banking & Global Finance · Authority: European Parliament and Council of the European Union · Version: 1.0.1 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R1623
SHA-256 integrity: f2d64eab133e5ee1ba8e2c39817b51064ea4be742cd63f7eacd4789935362237
Primary Citations — 6 traced to source
- Arts 107-191 (SA-CR), 314-377 (FRTB, OpRisk), 381-397 (CVA), 465 (output floor) — Regulation (EU) 2024/1623 of the European Parliament and of the Council amending Regulation (EU) 575/2013 (CRR3)
- SREP, combined buffer requirements, third-country branch authorisation — Directive (EU) 2024/1619 amending Directive 2013/36/EU (CRD VI)
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