Selwyn Blair-Ford of Wolters Kluwer Financial Services examines the likely impact of CRD IV.
Capital Requirements Directive IV (CRD IV) and the
associated Capital Requirements Regulation (CRR) promise to
completely change the regulatory landscape in the European
financial sector. These are the legal and regulatory
instruments that will finally bring into force the Basel III
accord which itself is a far reaching package of measures
developed in direct response to the 2008 financial crisis. But
as Arnold Bennett (1867-1931) English novelist said -
any change, even for the better, is always accompanied by
drawbacks and discomforts. In this instance CRDIV
implementation in Europe is not without controversy.
CRD IV will deliver Basel III to the EU. Legislators also
have the opportunity to add items that were not in the Basel
III accord. In addition the introduction of CRD IV/CRR has been
used to further European harmonisation and create a single rule
book for prudential regulation. In effect this means...
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