Community
The European Commission has adopted nine directly applicable regulatory technical standards (RTS) required by the Capital Requirements Regulation and the CRD IV Directive (together known as CRD IV). These RTS form part of the hundred mandates for regulatory and implementing technical standards that are provided for under the CRD IV measures. A set of frequently asked questions which gives details of these RTS has also been published.
The European Parliament and the Council of the European Union have one month to exercise their right of objection, with the possibility to extend this period for a further two months at their initiative. Following which, the RTS will be published in the Official Journal of the European Union and will enter into force on the twentieth day following the date of their publication.
The RTS published were:
The European Commission has also published two documents giving the “state of play” which discloses which CRD IV RTS and ITS titles have been delivered, which are work in progress and which have not yet been started.
Related links:
http://europa.eu/rapid/press-release_MEMO-14-181_en.htm
http://ec.europa.eu/internal_market/bank/docs/regcapital/acts/overview-crr-crdiv-rts_en.pdf
http://ec.europa.eu/internal_market/bank/docs/regcapital/acts/overview-crr-crdiv-its_en.pdf
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Alexander Boehm Chief Executive Officer at PayRate42
05 September
Alexander Saleh Head of Partnerships at Coincover
02 September
Alex Kreger Founder & CEO at UXDA
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.