RSS
Regulatory CapitalEU 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. This will maximise the effectiveness of the capital rules in ensuring continuing financial stability, maintaining confidence in financial institutions and protecting consumers.
Public Consultation regarding further possible changes to the Capital Requirements Directive (“CRD”)The Commission Services invite views regarding further possible changes to the CRD. The proposed amendments relate to through-the-cycle expected loss provisioning; specific incremental capital requirements for residential mortgages denominated in a foreign currency; and the removal of national options and discretions. In addition, changes are also proposed to simplify the Bank Branch Accounts Directive (89/117/EEC). Responses are requested by 4 September 2009. Further amendments to the Capital Requirements DirectiveThe Commission has adopted a proposal to further amend the CRD. The proposed amendments address capital requirements for the trading book and re-securitisations, disclosure of securitisation exposures, and remuneration policies. They form part of the Commission's response to the financial crisis by strengthening the regulatory framework in those areas, which were relevant to the causes of the crisis.
Public Consultation regarding possible changes to the Capital Requirements Directive
Amendments to the Capital Requirements DirectiveThe Commission has adopted a proposal to amend the CRD in certain key areas. These amendments address the shortcomings in the current regulatory framework and are a direct response to the financial turmoil.
In addition to the above proposal, the Commission has also adopted technical changes to the CRD in accordance with the comitology procedure. The technical changes to Directive 2006/49/EC were adopted by the Commission on 7 April 2009.
The technical changes to Directive 2006/48/EC were adopted by the Commission on 27 July 2009.
Public consultation for potential refinements to the Capital Requirements DirectiveThe Commission staff request feedback on possible changes to the trading book capital requirements for 'incremental' risks. Comments are welcome until 15 October 2008.
The Commission further consulted the public from 30 June 2008 to 18 July 2008 on an adjusted proposal for securitisations and other risk transfer products.
The Commission services had requested comments on proposed changes to the Capital requirements Directive (2006/48/EC and 2006/49/EC). This Consultation ended on 16 June 2008.
Adoption of the Capital Requirements DirectiveThe formal adoption of the CRD by Council and European Parliament on 14 June was welcomed by the Commission.
The Capital Requirements Directive, comprising Directive 2006/48/EC and Directive 2006/49/EC, was published in the Official Journal on Friday 30 June
Proposal for new capital requirements regime for credit institutions and investment firmsAgreed text
Charlie McCreevy welcomes the agreement reached in Council on the Capital Requirements Directive
European Parliament votes to accept Commission proposal for a Capital Requirements Directive for credit institutions and investment firms
The European Commission has adopted a proposal for the amendment of the Consolidated Banking Directive (2000/12/EC) and the Capital Adequacy Directive (93/6/EEC) to introduce a new capital requirements framework for banks and investment firms.
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