As of January 1st, 2025, the EU has adopted Regulation (EU) 2024/1623 (CRR3) and Directive (EU) 2024/1619 (CRD6) to complete the Basel III reforms. CRR3 introduces an "output floor" to standardise risk-weighted assets and revises the calculation of credit, market, and operational risk. CRD6 complements this by enhancing supervisory harmonisation, internal governance, and ESG risk management obligations. Together, these frameworks aim to reinforce the resilience and integrity of the EU banking system.