CRR III – The end of a long journey
![CRR III](/files/styles/content_layout_small/shared/media/images/2024-06/lf7x617t.png.webp?itok=xSucRSZu)
2,386 days – almost 6.5 years – that is the time that has passed between the finalisation of the post-crisis reforms by the Basel Committee and the publication of CRR III (Capital Requirements Regulation version 3) in the Official Journal of the European Union in mid-June 2024. After extensive, back and forth negotiations, the industry finally has clarity.
On the other hand, the remaining time until the changes have to be implemented is significantly shorter, as significant parts of CRR III will come into force as early as 1 January 1st, 2025. For the majority of institutions, the most significant effects will be felt in the following 6 areas: