Following the conclusion of trialogue negotiations between the EU Parliament, EU Council and EU Commission in March over the implementation of Basel III in the EU, the European Parliament has issued a press release announcing the adoption of the legislative package known as CRD IV, which will implement Basel III within the EU.

A planned timetable for implementation has been published on the Prudential Regulation Authority website.

CRD IV is expected to take effect from 1 January 2014 subject to its publication in the Official Journal of the EU by 1 July 2013.