EU directive establishing the legal framework applicable to all banks and investment firms
European Union legal framework for banks, building societies and investment firms that must be transposed into national law in all EU jurisdictions. Provides for the licensing of institutions and their ability to operate throughout the EU, and for the prudential supervision and sanctioning of institutions. Introduces new systemic risk and systemic institution capital buffers. Increases corporate governance and board composition requirements. Issued together with the complementary, more detailed and uniform prudential regulatory framework set forth in the Capital Requirements Regulation (CRR) that is directly applicable to all EU jurisdictions.
Publisher:
Regional Standard-Setting Bodies
Release date:
Jun 2013
Type:
Law, Regulation and Policy
Topics:
Supervisory framework, Risk management, Corporate governance, Capital adequacy, Systemically important financial institutions (SIFIs), Macroprudential
Sectors:
Banking, Securities
|