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The adoption of the Basel II guidelines in 2004 was followed at EU level by a recast of the Banking Directive on the one hand (Directive 2006/48/EC) and the Capital Adequacy Directive (Directive 93/6/EEC) on the other hand (Directive 2006/49/EC). These two Directives were officially adopted on 14 June 2006 and published in the Official Journal ...
The Capital Requirements Directives contain analogous rules, with a similar goals, for banks. To administer the new rules, the European System of Financial Supervision was established in 2011, and consists of three main branches: the European Securities and Markets Authority in Paris, the European Banking Authority in London and the European ...
A third revision of the directive 2006/49/EC was issued on 14 June 2006 and would use the new name of Capital Requirements Directive (CRD). This came into force together with recast of a related banking directive on 20 July 2006. The main change was the adoption of Basel II guidelines into the directive. [1]
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Fourth Capital Requirements Directive (CRD IV) No, the EU recognises third countries as equivalent with CRD IV but there is no market access rights for non-EU banks. Yes, cross-border rights and local treatment for branch operations. Market in Financial Instruments Directive (MIFID II)
Published in 2004, Basel II was a new capital framework to supersede the Basel I framework. It introduced "three pillars": [1] Minimum capital requirements, which sought to develop and expand the standardised rules set out in the 1988 Accord; Supervisory review of an institution's capital adequacy and internal assessment process;
Directive 2009/49/EC of the European Parliament and of the Council amending Council Directives 78/660/EEC and 83/349/EEC as regards certain disclosure requirements for medium-sized companies and the obligation to draw up consolidated accounts, 18 June 2009, intended to reduce the administrative burdens placed on businesses. Implementation was ...
[4] In the European Union member states have enacted capital requirements based on the Capital Adequacy Directive CAD1 issued in 1993 and CAD2 issued in 1998. In the United States, depository institutions are subject to risk-based capital guidelines issued by the Board of Governors of the Federal Reserve System (FRB). [5]