The European Banking Authority (EBA) published its third mandatory Basel III monitoring report (EBA/REP/2024/22) on 7 October 2024. Based on data as of 31 December 2023, the report assesses the impact of the full implementation of the Basel III framework under the EU-specific scenario (CRR3/CRD6) on EU/EEA banks by 2033. It incorporates EU adjustments, all capital buffers, and Pillar 2 requirements. The additional Tier 1 capital needs remain minimal (EUR 0.9 billion EU-wide), with the overall minimum Tier 1 capital requirement increasing by 7.8%. Main drivers are the output floor and operational risk.