<Li> "Early remediation requirements" to ensure that "financial weaknesses are addressed at an early stage". One or more "triggers for remediation--such as capital levels, stress test results, and risk - management weaknesses--in some cases calibrated to be forward - looking" would be proposed by the Board in 2012 . "Required actions would vary based on the severity of the situation, but could include restrictions on growth, capital distributions, and executive compensation, as well as capital raising or asset sales". </Li> <P> As of January 2014, the United States has been on track to implement many of the Basel III rules, despite differences in ratio requirements and calculations . </P> <P> The implementing act of the Basel III agreements in the European Union has been the new legislative package comprising Directive 2013 / 36 / EU (CRD IV) and Regulation (EU) No. 575 / 2013 on prudential requirements for credit institutions and investment firms (CRR). </P> <P> The new package, approved in 2013, replaced the Capital Requirements Directives (2006 / 48 and 2006 / 49). </P>

Basel 3 capital regulations are being implemented in india with effect from