The Finance Affairs Council Meeting was held in Brussels on 2 May 2012. The Council examined two main topics – an outcome of the G-20 finance ministers’ and central banks’ governors’ meeting and a proposal to amend the EU’s rules on capital requirements of banks and investment firms.
The so called “CRD 4” package (Capital Requirements Directive) will be implemented into the EU law as a part of an international agreement approved by the G-20 in November 2010 – the Basel III agreement. The CRD 4 contains of two legislative parts: a directive (less prescriptive) governing the access to deposit-taking activities and a regulation (more prescriptive, implementing a single rule book) establishing the prudential requirements institutions need to respect.
For more information click here.
For more information about the CRD 4 click here.
19th June 2018