The overarching goal of the so-called Basel III agreement and its implementing act in Europe, the so-called CRD IV package, is to strengthen the resilience of the EU banking sector so it would be better placed to absorb economic shocks while ensuring that banks continue to finance economic activity and growth.
A Single Rulebook for the resolution of banks and large investment firms.
During the outbreak of COVID-19, the EBA took prudential and supervisory measures to support bank lending into the real economy and performed ad-hoc risk and impact assessments.