The European Commission is today launching a public consultation on the implementation of the finalised Basel III standards in the EU. these internationally agreed standards for banks aim to continue improving the solidity, stability and resilience of the banking sector. The consultation will help the EU to ensure that the specificities of the European banking sector are fully taken into account and to ensure that banks are able to perform their role of financing the economy and financing the green transition. The Basel III framework was developed by the Basel Committee on Banking Supervision in response to the financial crisis. The consultation aims to gather views from interested parties on specific topics such as credit risk, operational risk, market risk, credit valuation adjustment risk, securities financing transactions as well as in relation to the so-called output floor. This consultation will also be the opportunity for the Commission services to welcome stakeholders’ views on other related subjects with a view to ensuring convergent and consistent supervisory practices across the Union and alleviating the administrative burden.The consultation launched today follows a first exploratory consultation conducted in spring 2018, the technical advice submitted to the Commission by the European Banking Authority (EBA), and the ongoing exchange with stakeholders and Member States’ experts. The Commission will hold a public conference on 12 November 2019 to discuss the impact and challenges of implementing the final Basel III reforms in the EU. The feedback from the public consultation and the EBA’s advice will feed into the Commission’s impact assessment. Respondents are encouraged to provide as much evidence as possible using this link. The consultation will remain open until 10 January 2020.