The Commission launched a public consultation on a working document on possible changes to the Capital Requirements Directive. Opinions are sought on large exposures, hybrid capital instruments, supervisory arrangements, the waivers for banks organised in networks and adjustments to certain technical provisions.
The suggested measures concerning large exposures and hybrid capital instruments and the adjustments to the technical provisions are largely based on advice from CEBS.
The consultation takes place in the context of on-going work related to the Capital Requirements Directive (CRD) at various supervisory and industry fora. The review of the CRD is, in part, also a response to the recent recommendations of the G-7 Financial Stability Forum.
The working document does not constitute a formal Commission proposal. The purpose of this consultation is to collect comments of the industry and other stakeholders on these modifications. The Commission will conduct an impact assessment related to the modification of certain provisions.
Deadline for comments is 16 June 2008.
Press release
Consultation document on potential changes do the CRD
© European Commission
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