CEBS: Implementation issues relating to the CRD
13 August 2008
CEBS published a paper on the range of practices with respect to various implementation issues relating to the Capital Requirements Directive which have specific cross-border relevance.
CEBS published a paper on the range of practices with respect to various implementation issues relating to the Capital Requirements Directive which have specific cross-border relevance.
This document covers the most important issues analysed so far. Two main approaches are reported:
- where a specific question has been asked by the Industry Platform on Operational Networks (issues no. 3, 4, 5, 11, 12), an answer has been provided which refers to the SON banking groups, although in principle its application to other cross-border groups is possible;
- for each of the other issues a catalogue of pragmatic approaches is presented which, on the basis of the current experience of both supervisors and banking groups, appear broadly consistent.
The paper should be viewed as an additional contribution regarding the work of CEBS concerning implementation issues, and is in line with other mechanisms of CEBS promoting practical convergence. For some of the issues mentioned in the paper a concrete answer is provided, while for other issues a catalogue of pragmatic approaches is presented which, on the basis of the current experience both of supervisors and banking groups, appear broadly consistent.
Press release
Range of Practices Paper
© CEBS - Committee of European Banking Supervisors
