Basel III: Finalising post-crisis reforms
| Basel Framework International regulatory standards for banks |
|---|
| Background |
| Pillar 1: Regulatory capital |
| Pillar 2: Supervisory review |
| Pillar 3: Market disclosure |
| Business portal |
Basel III: Finalising post-crisis reforms, sometimes called the Basel III Endgame in the United States, Basel 3.1 in the United Kingdom, or Capital Requirements Regulations III (CRR III) in the European Union, are additional changes to international standards for bank capital requirements that were agreed by the Basel Committee on Banking Supervision (BCBS) on 7 December 2017 as part of Basel III, first published in 2010. They have also been referred to as Basel IV; however, the secretary general of Basel Committee said in a 2016 speech he did not view the changes as substantial enough to describe them in such a way.
The timeline for required implementation was extended several times, and varies by country. In the U.S., as of August 2025, bank regulators were still working on the final requirements. The Bank of England plans to implement key parts of Basel III: Finalising post-crisis reforms in 2028. The European Union plans to implement the reforms in 2027. Canada has delayed the reforms indefinitely due to uncertainty caused by tariffs in the second Trump administration.
Critics of the reforms, in particular those from the banking industry, argue that the standards lead to a significant increase in capital requirements, when the stated intention of the Basel Committee was for the changes to the standards to be capital neutral in terms of their aggregate impact, although not necessarily neutral for individual banks.