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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 Directives provisions on freedom of establishment had determined that minimum capital was a disproportionate means to achieve the aim of protecting creditors. These decisions have only been made in relation to national laws regarding private companies, and not yet the EU Directive itself.
Download as PDF; Printable version; In other projects ... CRD or crd may refer to: Documents. EU Capital Requirements Directive, for financial services;
The Capital Requirements Regulation (EU) No. 575/2013 is an EU law that aims to decrease the likelihood that banks go insolvent. [1] With the Credit Institutions Directive 2013 the Capital Requirements Regulation 2013 (CRR 2013) reflects Basel III rules on capital measurement and capital standards.
The Insurance Distribution Directive (IDD, Directive (EU) 2016/97 of 20 January 2016) sets out regulatory requirements for firms designing and selling insurance products. It aims to enhance consumer protection when buying insurance, including general insurance, life insurance and insurance-based investment products (IBIPs) – and to support ...
Thus the actual capital requirement is between 11 and 13.5% (including Capital Conservation Buffer and Counter Cyclical Buffer). [ 14 ] In response to a questionnaire released by the Financial Stability Institute (FSI), 95 national regulators indicated they were to implement Basel II, in some form or another, by 2015.
The main types of acts under this heading are EU treaties (sector 1), directives, regulations, decisions as well as consolidated legislation (sector 0), etc. Consolidation is the integration of a basic legal act and all of its successive amendments and corrigenda into one easy-to-read document. Consolidated texts are intended for use as ...
The Credit Institutions Directive (CID) 2013/36/EU is an EU law that aims to ensure banks are run prudently, and do not go insolvent.The CID was introduced as part of a package rules, following the financial crisis of 2007–2008, with the Capital Requirements Regulation 2013, intended to increase the resilience of the EU banking industry.