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On 16 April 2013 the EU Parliament adopted by a large majority the CRD IV legislative package which tends to strengthen capital and prudential requirements imposed on banks and investment firms. This vote at the EU Parliament is the outcome of long negotiations between the Council, the EU Parliament and the European Commission and has still to be formally approved by the Council of Ministers (meeting at the Ecofin scheduled for 15 May). The CDR IV package is likely to apply from 1 January 2014, if published in the Official Journal by 30 June 2013.
The CRD IV consists of the Capital Requirements Regulation (CRR) which lays down prudential requirements for capital, liquidity and credit risk for banks and investment firms in the EU Member States as well as the Capital...
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