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By Gilles Pierre, Senior Adviser, ABBL, Banking Regulation Accounting
On 16 April 2013, the European Parliament formally adopted the agreement reached last February* with the EU Council and the EU Commission on the updated prudential banking rules referred to as CRR / CRD 4, establishing the prudential framework for European banks. The CRR / CRD 4 package is composed of a EU Regulation, encompassing technical provisions directly applicable to banks (the Capital Requirement Regulation, the CRR), and of a Directive defining the organisation of the supervision (the Capital Requirement Directive, the CRD).
One of the most expected components of the package is undoubtedly the new set of rules for the liquidity requirements, which have been...
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