EU rules on capital requirements for credit institutions and investment firms aim to put in place a comprehensive and risk-sensitive framework and to foster enhanced risk management amongst financial institutions.
The current legislation (applicable until 31/12/2013):
- Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast); and
- Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions (recast)
The new legislation (applicable as from 1/1/2014):
The CRD IV package entered into force on 28 June 2013 (CRR) and 17 July 2013 (CRD IV).
- Legislation in force: CRD IV package
- Corrigendum to the Regulation
- Corrigendum to the Directive
- Repealed legislation: CRD I, CRD II and CRD III packages
Other relevant directives are:
- Directive 2002/87/EC of the European Parliament and of the Council of 16.12.2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate