EBA Roadmap on EU Banking Package

On 27 October 2021, the European Commission (EC) published its legislative proposal for the ‘EU Banking Package 2021’(CRR3/CRD6). After almost two years of review, amendments and negotiations among the EU co-legislators, CRR3 and CRD6 were finally adopted and published in the Official Journal of the EU on 19 June 2024 . The final texts confirm the anticipated implementation date of January 1, 2025. However, the European Commission has postponed the application date of the market risk rules (FRTB) by one year, now set to take effect on January 1, 2026. The Commission will adopt the delay by way of a delegated act, which will take a minimum of 3 months. Member States have 18 months to transpose the CRD6 requirements into their national law, which means that the Dutch Ministry of Finance shall implement the CRD6 into Dutch legislation by 10 January 2026.