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The CSSF would like to draw the attention of the public to the publication of the risk-reduction measures (RRM) package in the Official Journal of the European Union on 7 June 2019. The RRM package amends Directive 2013/36/EU (CRD), Regulation (EU) No 575/2013 (CRR), Directive 2014/59/EU (BRRD) and Regulation (EU) No 806/2014 (SRM-R).
The RRM package represents an important step towards the completion of the European post-crisis regulatory reforms and aims at completing the Banking Union and the Capital Markets Union. The RRM package also transposes the standards developed and agreed at the level of the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB) to respond to the lessons learnt from the financial crisis...
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