Finalised Basel III standard must be implemented proportionately For the same reason – that is, to strengthen financial stability – it is very important that we implement the recently finalised Basel III package fully in the EU. After all, that’s no less than we expect of the US and the other member countries of the Basel Committee.
But as I see it, full implementation of the Basel III rules doesn’t mean that all banks need to be affected by these highly complex rules to the same extent. To recap, the Basel standards are primarily aimed at internationally active banks.