The Commission published the proposal for the New Capital Adequacy Directive to introduce a new capital requirements framework for banks and investment firms.
The proposal will ensure the coherent application throughout the EU of the new Basel II framework recently agreed by the Basel Committee on Banking Supervision.
Instead of the current ‘one-size-fits-all’ approach, the new framework would consist of three different approaches allowing financial institutions to choose the approach most suited to them. The simple and intermediate approaches would be available by end 2006 (but banks could still opt to apply the current rules until end 2007) and the most advanced approaches from end 2007.
The text published is for the convenience of interested parties and represents a non-official version of the adopted proposal.
Press release
Frequently asked questions
Proposal act 1
Proposal act 2
Annex
Explanatory note
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