The European Banking Federation has issued a press release noting the implementation of Basel III by the United States. While the EBF welcomes the move, the press release comments that there remains a degree of imbalance insofar as the American Basel III Implementation requires only internationally active US Banks' to hold 7% of equity capital to risk adjusted assets. It does not yet include the surcharge for systemically important banks. CRD IV has comparable requirements, but it also carries several additional buffers, which at the discretion of the individual Member States, could add up to reach 16% or 17% core equity capital.