MEDIA ALERT: Wolters Kluwer expert comments on European Parliament vote to pass amendment implementing Basel III reforms
2024年4月26日 - 9:00PM
ビジネスワイヤ(英語)
The European financial landscape saw a milestone event this
week, as the EU Parliament passed the Amendment to Regulation (EU)
No 575/2013, implementing the Basel III finalization within
Europe.
This monumental step forward comes with the adoption of the
Capital Requirements Regulation (CRR3) amendments, which are part
of a broader legislative package, including amendments to Directive
2013/36/EU, known as the Capital Requirements Directive or CRD.
Jeroen Van Doorsselaere, Vice President of Global Product
& Platform Management, Wolters Kluwer FRR, said: “The
adoption of the Capital Requirements Regulation (CRR3) amendments
represents a landmark change for the banking industry, designed to
strengthen the framework for risk-based capital requirements and
address ESG risks.
“This is a major overhaul of the capital requirements framework,
impacting various aspects, including credit risk, operational risk,
market risk, and the capital floor. Whereas other significant
jurisdictions, including the U.S., the U.K. and Hong Kong, have
deferred timelines, the EEA region is now moving ahead with the
Basel III reforms without delay.
“The clock is now ticking for financial institutions in the EEA
as the CRR3 regulation is applicable from January 1, 2025. It will
be essential that banks and financial institutions act swiftly and
harness transformative technologies to ensure compliance and
readiness.”
Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR)
supports financial institutions through innovative technology that
enables and empowers clients to stay compliant with ever-changing
regulatory requirements, manage uncertainty through financial risk
management offerings and drive efficiency.
Wolters Kluwer FRR is part of Wolters Kluwer’s Corporate
Performance & ESG (CP & ESG) division, headed by CEO Karen
Abramson. The division is the world’s leading provider of
integrated software solutions for EHS, Environmental, Social, and
Governance (ESG), and Governance, Risk and Compliance (GRC).
Through innovative technology and unique expertise, Wolters Kluwer
CP & ESG enables business leaders to make informed, strategic
decisions that drive transformation, performance, and risk
management for a sustainable and resilient world.
For more information about Wolters Kluwer, please visit:
www.wolterskluwer.com
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in
information, software solutions and services for professionals in
healthcare; tax and accounting; financial and corporate compliance;
legal and regulatory; corporate performance and ESG. We help our
customers make critical decisions every day by providing expert
solutions that combine deep domain knowledge with technology and
services.
Wolters Kluwer reported 2023 annual revenues of €5.6 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 21,400
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
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version on businesswire.com: https://www.businesswire.com/news/home/20240426470586/en/
Sarah Whybrow Associate Director, External Communications
Corporate Performance & ESG Wolters Kluwer Mob: +44 7855 186713
sarah.whybrow@wolterskluwer.com